NexPoint Residential Trust (NYSE:NXRT) Cut to “Sell” at StockNews.com

NexPoint Residential Trust (NYSE:NXRT) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Monday.

A number of other brokerages have also commented on NXRT. Deutsche Bank Aktiengesellschaft upped their price objective on NexPoint Residential Trust from $38.00 to $44.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. Raymond James upgraded shares of NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 price target on the stock in a research note on Monday, October 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $49.00.

NexPoint Residential Trust Stock Performance

Shares of NXRT traded down $1.80 during trading hours on Monday, hitting $39.79. The company had a trading volume of 94,938 shares, compared to its average volume of 107,213. The business has a fifty day moving average of $44.35 and a 200-day moving average of $43.60. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 3.25. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 22.74, a PEG ratio of 2.69 and a beta of 1.42. NexPoint Residential Trust has a 12 month low of $28.20 and a 12 month high of $48.37.

NexPoint Residential Trust (NYSE:NXRT) last released its quarterly earnings results on Tuesday, October 29th. The financial services provider reported ($0.35) earnings per share for the quarter, missing the consensus estimate of $0.66 by ($1.01). NexPoint Residential Trust had a net margin of 17.54% and a return on equity of 9.54%. The company had revenue of $64.10 million during the quarter, compared to the consensus estimate of $64.69 million. During the same period in the prior year, the company earned $0.76 earnings per share. Equities analysts anticipate that NexPoint Residential Trust will post 2.78 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Valley Wealth Managers Inc. bought a new position in NexPoint Residential Trust in the 3rd quarter valued at about $27,000. Point72 DIFC Ltd bought a new stake in NexPoint Residential Trust during the second quarter worth $32,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of NexPoint Residential Trust by 34.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 900 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 232 shares in the last quarter. Meeder Asset Management Inc. bought a new position in shares of NexPoint Residential Trust in the 3rd quarter valued at $42,000. Finally, Quest Partners LLC raised its holdings in shares of NexPoint Residential Trust by 104,800.0% during the 3rd quarter. Quest Partners LLC now owns 1,049 shares of the financial services provider’s stock worth $46,000 after buying an additional 1,048 shares in the last quarter. Institutional investors own 76.61% 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.