NexPoint Residential Trust (NYSE:NXRT) Stock Rating Upgraded by Raymond James

NexPoint Residential Trust (NYSE:NXRTGet Free Report) was upgraded by equities research analysts at Raymond James from a “market perform” rating to an “outperform” rating in a research note issued on Monday, MarketBeat reports. The firm presently has a $50.00 target price on the financial services provider’s stock. Raymond James’ target price points to a potential upside of 13.35% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft raised their target price on NexPoint Residential Trust from $38.00 to $44.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. Compass Point lifted their price objective on shares of NexPoint Residential Trust from $45.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. JMP Securities upped their target price on shares of NexPoint Residential Trust from $40.00 to $50.00 and gave the stock a “market outperform” rating in a research report on Friday, August 2nd. Finally, Truist Financial raised their price target on shares of NexPoint Residential Trust from $37.00 to $46.00 and gave the company a “hold” rating in a research note on Tuesday, August 27th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $46.83.

Check Out Our Latest Report on NexPoint Residential Trust

NexPoint Residential Trust Price Performance

NXRT opened at $44.11 on Monday. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 2.96. The company’s 50-day moving average price is $44.77 and its 200 day moving average price is $40.15. NexPoint Residential Trust has a fifty-two week low of $26.21 and a fifty-two week high of $48.37. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 15.59, a price-to-earnings-growth ratio of 1.30 and a beta of 1.37.

NexPoint Residential Trust (NYSE:NXRTGet Free Report) last posted its earnings results on Tuesday, July 30th. The financial services provider reported $0.40 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.29). The company had revenue of $64.24 million for the quarter, compared to the consensus estimate of $64.99 million. NexPoint Residential Trust had a net margin of 32.93% and a return on equity of 17.69%. During the same period last year, the company posted $0.88 earnings per share. As a group, sell-side analysts expect that NexPoint Residential Trust will post 2.82 earnings per share for the current year.

Institutional Trading of NexPoint Residential Trust

Institutional investors have recently made changes to their positions in the stock. Point72 DIFC Ltd bought a new stake in NexPoint Residential Trust during the second quarter worth approximately $32,000. Signaturefd LLC increased its position in shares of NexPoint Residential Trust by 238.4% during the 2nd quarter. Signaturefd LLC now owns 1,039 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 732 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of NexPoint Residential Trust by 40.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,107 shares of the financial services provider’s stock worth $123,000 after buying an additional 900 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of NexPoint Residential Trust by 7.3% in the second quarter. Van ECK Associates Corp now owns 3,473 shares of the financial services provider’s stock valued at $137,000 after buying an additional 236 shares during the period. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in shares of NexPoint Residential Trust in the second quarter valued at $201,000. 76.61% of the stock is owned by institutional investors and hedge funds.

NexPoint Residential Trust Company Profile

(Get Free Report)

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.

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Analyst Recommendations for NexPoint Residential Trust (NYSE:NXRT)

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