Compass Point Reiterates “Neutral” Rating for NexPoint Residential Trust (NYSE:NXRT)

NexPoint Residential Trust (NYSE:NXRT)‘s stock had its “neutral” rating restated by research analysts at Compass Point in a report issued on Tuesday, Marketbeat.com reports. They currently have a $42.50 price target on the financial services provider’s stock, down from their prior price target of $50.00. Compass Point’s price target indicates a potential upside of 19.45% from the stock’s current price.

A number of other research firms have also recently issued reports on NXRT. Jefferies Financial Group lifted their target price on shares of NexPoint Residential Trust from $41.00 to $43.00 and gave the company a “hold” rating in a research note on Monday, March 10th. Raymond James reduced their target price on shares of NexPoint Residential Trust from $50.00 to $44.00 and set an “outperform” rating for the company in a research note on Thursday, March 20th. Truist Financial boosted their price objective on shares of NexPoint Residential Trust from $41.00 to $42.00 and gave the stock a “hold” rating in a research note on Monday, March 10th. Finally, StockNews.com cut shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research note on Saturday, March 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, NexPoint Residential Trust presently has an average rating of “Hold” and an average price target of $44.25.

NexPoint Residential Trust Stock Performance

Shares of NXRT opened at $35.58 on Tuesday. The firm’s 50 day moving average is $37.28 and its 200-day moving average is $40.48. The stock has a market capitalization of $899.64 million, a P/E ratio of 20.33, a P/E/G ratio of 2.34 and a beta of 1.14. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.79 and a quick ratio of 1.79. NexPoint Residential Trust has a 12-month low of $30.98 and a 12-month high of $48.37.

NexPoint Residential Trust (NYSE:NXRT) last released its earnings results on Tuesday, April 29th. The financial services provider reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.06. The business had revenue of $63.22 million for the quarter, compared to the consensus estimate of $63.29 million. NexPoint Residential Trust had a net margin of 17.54% and a return on equity of 9.54%. Equities research analysts anticipate that NexPoint Residential Trust will post 2.86 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Paul Richards bought 5,814 shares of the company’s stock in a transaction on Monday, April 7th. The shares were purchased at an average cost of $33.24 per share, for a total transaction of $193,257.36. Following the acquisition, the insider now owns 18,493 shares of the company’s stock, valued at approximately $614,707.32. This represents a 45.86% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 15.36% of the company’s stock.

Institutional Trading of NexPoint Residential Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Nexpoint Asset Management L.P. raised its holdings in shares of NexPoint Residential Trust by 100.0% in the fourth quarter. Nexpoint Asset Management L.P. now owns 1,562,753 shares of the financial services provider’s stock valued at $65,245,000 after purchasing an additional 781,266 shares during the last quarter. Copeland Capital Management LLC increased its holdings in NexPoint Residential Trust by 0.9% during the fourth quarter. Copeland Capital Management LLC now owns 909,758 shares of the financial services provider’s stock worth $37,982,000 after buying an additional 8,072 shares during the last quarter. Northern Trust Corp increased its holdings in NexPoint Residential Trust by 4.6% during the first quarter. Northern Trust Corp now owns 455,908 shares of the financial services provider’s stock worth $18,022,000 after buying an additional 19,927 shares during the last quarter. Deutsche Bank AG increased its holdings in NexPoint Residential Trust by 2.6% during the fourth quarter. Deutsche Bank AG now owns 381,537 shares of the financial services provider’s stock worth $15,929,000 after buying an additional 9,754 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in NexPoint Residential Trust by 6.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 360,879 shares of the financial services provider’s stock worth $14,266,000 after buying an additional 22,367 shares during the last quarter. 76.61% of the stock is currently owned by institutional investors and hedge funds.

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.