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.
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