ValuEngine Downgrades NexPoint Residential Trust (NXRT) to Hold

NexPoint Residential Trust (NYSE:NXRT) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Friday, December 1st.

A number of other analysts have also recently commented on NXRT. Zacks Investment Research cut shares of NexPoint Residential Trust from a “hold” rating to a “strong sell” rating in a research note on Friday, August 4th. Janney Montgomery Scott assumed coverage on shares of NexPoint Residential Trust in a research report on Friday, September 8th. They issued a “neutral” rating on the stock. BidaskClub raised shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, September 12th. FBR & Co assumed coverage on shares of NexPoint Residential Trust in a research report on Thursday, October 26th. They set a “buy” rating and a $27.00 price target on the stock. Finally, B. Riley raised their price target on shares of NexPoint Residential Trust from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. NexPoint Residential Trust has a consensus rating of “Hold” and a consensus target price of $27.75.

Shares of NexPoint Residential Trust (NXRT) traded up $0.05 on Friday, reaching $27.59. 115,600 shares of the company traded hands, compared to its average volume of 78,622. NexPoint Residential Trust has a fifty-two week low of $20.18 and a fifty-two week high of $29.28. The firm has a market capitalization of $579.97, a PE ratio of 17.43, a price-to-earnings-growth ratio of 4.75 and a beta of 0.93. The company has a debt-to-equity ratio of 3.09, a current ratio of 1.72 and a quick ratio of 1.72.

In other NexPoint Residential Trust news, insider James D. Dondero bought 1,100 shares of the business’s stock in a transaction that occurred on Tuesday, October 10th. The shares were acquired at an average cost of $23.37 per share, for a total transaction of $25,707.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 19.00% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in NXRT. Alliancebernstein L.P. increased its stake in shares of NexPoint Residential Trust by 17.6% in the 1st quarter. Alliancebernstein L.P. now owns 14,930 shares of the financial services provider’s stock valued at $361,000 after acquiring an additional 2,230 shares in the last quarter. Teachers Advisors LLC increased its stake in NexPoint Residential Trust by 7.1% during the 1st quarter. Teachers Advisors LLC now owns 64,004 shares of the financial services provider’s stock valued at $1,546,000 after purchasing an additional 4,244 shares in the last quarter. Vanguard Group Inc. increased its stake in NexPoint Residential Trust by 7.1% during the 1st quarter. Vanguard Group Inc. now owns 2,015,961 shares of the financial services provider’s stock valued at $48,706,000 after purchasing an additional 134,077 shares in the last quarter. Geode Capital Management LLC increased its stake in NexPoint Residential Trust by 2.5% during the 1st quarter. Geode Capital Management LLC now owns 179,559 shares of the financial services provider’s stock valued at $4,338,000 after purchasing an additional 4,302 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in NexPoint Residential Trust by 34.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 171,709 shares of the financial services provider’s stock valued at $4,148,000 after purchasing an additional 43,627 shares in the last quarter. Hedge funds and other institutional investors own 56.62% of the company’s stock.

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About NexPoint Residential Trust

NexPoint Residential Trust, Inc is an externally managed real estate investment trust (REIT). The Company’s investment objectives are to maximize the cash flow and value of properties owned, acquire properties with cash flow growth potential, provide quarterly cash distributions and achieve long-term capital appreciation for its stockholders through targeted management and a value-add program.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for NexPoint Residential Trust (NYSE:NXRT)

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