NexPoint Residential Trust, Inc. (NYSE:NXRT) Given Consensus Recommendation of “Moderate Buy” by Analysts

NexPoint Residential Trust, Inc. (NYSE:NXRT) has been given an average rating of “Moderate Buy” by the five ratings firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $49.00.

A number of equities analysts recently weighed in on the stock. StockNews.com lowered shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research report on Thursday. Raymond James upgraded shares of NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 price target on the stock in a research note on Monday, October 21st.

Institutional Investors Weigh In On NexPoint Residential Trust

Large investors have recently bought and sold shares of the business. Valley Wealth Managers Inc. bought a new position in NexPoint Residential Trust during the third quarter valued at $27,000. Smartleaf Asset Management LLC raised its position in shares of NexPoint Residential Trust by 104.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 894 shares of the financial services provider’s stock valued at $37,000 after buying an additional 456 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of NexPoint Residential Trust by 34.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 900 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 232 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in NexPoint Residential Trust in the third quarter worth about $42,000. Finally, Quest Partners LLC increased its stake in NexPoint Residential Trust by 104,800.0% during the third quarter. Quest Partners LLC now owns 1,049 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 1,048 shares during the last quarter. Institutional investors own 76.61% of the company’s stock.

NexPoint Residential Trust Trading Down 2.1 %

NXRT stock opened at $39.77 on Thursday. 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 1-year low of $28.20 and a 1-year high of $48.37. The business has a 50 day simple moving average of $41.06 and a two-hundred day simple moving average of $43.44. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 22.73, a PEG ratio of 2.40 and a beta of 1.42.

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.