NexPoint Residential Trust Inc (NYSE:NXRT) has received a consensus recommendation of “Buy” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $42.50.
Several brokerages recently issued reports on NXRT. Zacks Investment Research raised NexPoint Residential Trust from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 22nd. ValuEngine downgraded shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a report on Thursday, April 30th. Finally, Raymond James upgraded shares of NexPoint Residential Trust from an “outperform” rating to a “strong-buy” rating and set a $37.00 target price for the company in a report on Monday, May 18th.
Shares of NYSE NXRT opened at $38.23 on Tuesday. The company has a debt-to-equity ratio of 3.49, a current ratio of 4.61 and a quick ratio of 4.61. NexPoint Residential Trust has a 1 year low of $21.06 and a 1 year high of $52.87. The stock has a market capitalization of $928.95 million, a P/E ratio of 16.99 and a beta of 1.04. The company has a 50-day moving average price of $34.97 and a 200-day moving average price of $36.81.
A number of large investors have recently made changes to their positions in the business. Ameritas Investment Company LLC bought a new stake in shares of NexPoint Residential Trust during the 1st quarter worth $35,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in NexPoint Residential Trust by 44.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,550 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 478 shares during the period. Tower Research Capital LLC TRC boosted its stake in NexPoint Residential Trust by 324.7% in the first quarter. Tower Research Capital LLC TRC now owns 1,771 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 1,354 shares during the last quarter. Advisor Group Holdings Inc. bought a new position in shares of NexPoint Residential Trust during the 1st quarter valued at approximately $121,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of NexPoint Residential Trust by 33.9% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 5,893 shares of the financial services provider’s stock worth $149,000 after purchasing an additional 1,493 shares during the last quarter. Hedge funds and other institutional investors own 80.28% of the company’s stock.
NexPoint Residential Trust Company Profile
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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