NXRT has been the topic of several other research reports. Raymond James raised their price target on NexPoint Residential Trust from $67.00 to $95.00 and gave the company an outperform rating in a report on Tuesday, February 22nd. StockNews.com cut NexPoint Residential Trust from a hold rating to a sell rating in a report on Friday, June 17th. Finally, BTIG Research began coverage on NexPoint Residential Trust in a report on Monday, May 9th. They set a neutral rating on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $87.20.
NYSE:NXRT opened at $61.38 on Monday. The business’s 50-day moving average price is $74.95 and its two-hundred day moving average price is $80.24. NexPoint Residential Trust has a twelve month low of $53.61 and a twelve month high of $95.04. The stock has a market cap of $1.58 billion, a P/E ratio of 63.28, a PEG ratio of 2.34 and a beta of 0.98. The company has a quick ratio of 6.10, a current ratio of 6.09 and a debt-to-equity ratio of 3.14.
In related news, President James D. Dondero purchased 17,050 shares of NexPoint Residential Trust stock in a transaction that occurred on Thursday, June 16th. The shares were acquired at an average cost of $59.01 per share, for a total transaction of $1,006,120.50. Following the transaction, the president now directly owns 2,033,188 shares in the company, valued at $119,978,423.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brian Mitts sold 1,100 shares of the firm’s stock in a transaction that occurred on Tuesday, March 29th. The stock was sold at an average price of $90.80, for a total value of $99,880.00. The disclosure for this sale can be found here. Company insiders own 12.69% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Lido Advisors LLC bought a new stake in shares of NexPoint Residential Trust in the 1st quarter worth approximately $389,000. Meiji Yasuda Asset Management Co Ltd. bought a new stake in shares of NexPoint Residential Trust in the 1st quarter worth approximately $353,000. State Street Corp grew its position in shares of NexPoint Residential Trust by 10.7% in the 1st quarter. State Street Corp now owns 1,364,076 shares of the financial services provider’s stock worth $123,190,000 after buying an additional 131,447 shares during the last quarter. Engineers Gate Manager LP grew its position in shares of NexPoint Residential Trust by 12.6% in the 1st quarter. Engineers Gate Manager LP now owns 2,759 shares of the financial services provider’s stock worth $249,000 after buying an additional 309 shares during the last quarter. Finally, Hsbc Holdings PLC grew its position in shares of NexPoint Residential Trust by 62.6% in the 1st quarter. Hsbc Holdings PLC now owns 12,309 shares of the financial services provider’s stock worth $1,128,000 after buying an additional 4,737 shares during the last quarter. Institutional investors and hedge funds own 77.47% of the company’s stock.
NexPoint Residential Trust Company Profile (Get Rating)
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.
- Get a free copy of the StockNews.com research report on NexPoint Residential Trust (NXRT)
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