NexPoint Residential Trst (NXRT) Raised to “Buy” at ValuEngine

NexPoint Residential Trst (NYSE:NXRT) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.

Other equities analysts have also issued reports about the stock. Zacks Investment Research lowered shares of NexPoint Residential Trst from a “buy” rating to a “hold” rating in a report on Saturday, February 17th. TheStreet upgraded shares of NexPoint Residential Trst from a “c” rating to a “b-” rating in a report on Monday, May 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $27.50.

NYSE NXRT traded up $0.87 during mid-day trading on Wednesday, reaching $28.04. The stock had a trading volume of 55,200 shares, compared to its average volume of 74,992. NexPoint Residential Trst has a 1 year low of $22.84 and a 1 year high of $29.40. The firm has a market cap of $569.21 million, a P/E ratio of 23.97 and a beta of 0.79. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 3.10.

NexPoint Residential Trst (NYSE:NXRT) last announced its quarterly earnings data on Tuesday, May 1st. The financial services provider reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.06. NexPoint Residential Trst had a net margin of 47.13% and a return on equity of 28.96%. The company had revenue of $35.06 million during the quarter, compared to analyst estimates of $36.12 million. equities analysts expect that NexPoint Residential Trst will post 1.64 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Swiss National Bank raised its stake in NexPoint Residential Trst by 15.8% during the 4th quarter. Swiss National Bank now owns 32,309 shares of the financial services provider’s stock valued at $903,000 after buying an additional 4,400 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in NexPoint Residential Trst by 2.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 190,049 shares of the financial services provider’s stock valued at $4,510,000 after buying an additional 4,589 shares during the last quarter. Teachers Insurance & Annuity Association of America raised its stake in NexPoint Residential Trst by 12.6% during the 4th quarter. Teachers Insurance & Annuity Association of America now owns 19,294 shares of the financial services provider’s stock valued at $539,000 after buying an additional 2,154 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in NexPoint Residential Trst by 448.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,270 shares of the financial services provider’s stock valued at $147,000 after buying an additional 4,309 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new stake in NexPoint Residential Trst during the 4th quarter valued at $445,000. Institutional investors own 59.71% of the company’s stock.

NexPoint Residential Trst 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.

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

Analyst Recommendations for NexPoint Residential Trst (NYSE:NXRT)

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