NexPoint Residential Trust (NYSE:NXRT) Downgraded to Sell Rating by StockNews.com

StockNews.com lowered shares of NexPoint Residential Trust (NYSE:NXRT) from a hold rating to a sell rating in a research report report published on Friday morning.

Separately, Raymond James upgraded NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 price objective for the company in a report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $49.00.

NexPoint Residential Trust Price Performance

NXRT stock opened at $39.45 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 3.25. NexPoint Residential Trust has a 12 month low of $28.20 and a 12 month high of $48.37. The stock has a market cap of $1.00 billion, a PE ratio of 22.54, a P/E/G ratio of 2.33 and a beta of 1.42. The company has a 50-day moving average price of $42.24 and a 200 day moving average price of $43.56.

NexPoint Residential Trust (NYSE:NXRT) last announced its earnings results on Tuesday, October 29th. The financial services provider reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($1.01). NexPoint Residential Trust had a net margin of 17.54% and a return on equity of 9.54%. The business had revenue of $64.10 million for the quarter, compared to analysts’ expectations of $64.69 million. During the same quarter last year, the firm earned $0.76 EPS. Equities research analysts anticipate that NexPoint Residential Trust will post 2.86 earnings per share for the current year.

Institutional Trading of NexPoint Residential Trust

Institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its holdings in NexPoint Residential Trust by 7.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 339,138 shares of the financial services provider’s stock worth $13,399,000 after purchasing an additional 23,888 shares during the period. Sei Investments Co. increased its stake in shares of NexPoint Residential Trust by 11.8% during the second quarter. Sei Investments Co. now owns 31,222 shares of the financial services provider’s stock valued at $1,234,000 after buying an additional 3,301 shares during the period. Cubist Systematic Strategies LLC raised its holdings in shares of NexPoint Residential Trust by 50.1% in the second quarter. Cubist Systematic Strategies LLC now owns 13,812 shares of the financial services provider’s stock valued at $546,000 after acquiring an additional 4,608 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of NexPoint Residential Trust by 9.6% in the second quarter. The Manufacturers Life Insurance Company now owns 9,392 shares of the financial services provider’s stock valued at $371,000 after acquiring an additional 826 shares in the last quarter. Finally, Creative Planning purchased a new stake in NexPoint Residential Trust in the second quarter worth about $452,000. Institutional investors own 76.61% of the company’s stock.

About NexPoint Residential Trust

NexPoint Residential Trust is a publicly traded REIT, with its shares listed on the New York Stock Exchange under the symbol “NXRT,” primarily focused on acquiring, owning and operating well-located middle-income multifamily properties with “value-add” potential in large cities and suburban submarkets of large cities, primarily in the Southeastern and Southwestern United States.