Ladenburg Thalmann Financial Services Reiterates “Buy” Rating for NexPoint Residential Trust Inc (NASDAQ:NXRT)

NexPoint Residential Trust Inc (NASDAQ:NXRT)‘s stock had its “buy” rating reiterated by analysts at Ladenburg Thalmann Financial Services in a report issued on Thursday, November 2nd.

A number of other equities research analysts have also recently issued reports on the company. Zacks Investment Research upgraded NexPoint Residential Trust from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Wednesday, July 5th. Janney Montgomery Scott initiated coverage on NexPoint Residential Trust in a report on Friday, September 8th. They set a “neutral” rating for the company. B. Riley restated a “buy” rating and set a $28.00 price objective (up previously from $27.00) on shares of NexPoint Residential Trust in a report on Thursday, November 2nd. Canaccord Genuity set a $28.00 price objective on NexPoint Residential Trust and gave the stock a “buy” rating in a report on Tuesday, August 1st. Finally, BidaskClub upgraded NexPoint Residential Trust from a “sell” rating to a “hold” rating in a report on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. NexPoint Residential Trust currently has a consensus rating of “Hold” and an average target price of $27.75.

Shares of NexPoint Residential Trust (NASDAQ NXRT) traded up $1.84 during trading hours on Thursday, hitting $29.17. The stock had a trading volume of 241,573 shares, compared to its average volume of 72,511. NexPoint Residential Trust has a 12 month low of $18.37 and a 12 month high of $27.86.

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In other NexPoint Residential Trust news, insider James D. Dondero purchased 1,100 shares of the company’s stock in a transaction dated Tuesday, October 10th. The stock was bought at an average cost of $23.37 per share, for a total transaction of $25,707.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Institutional investors and hedge funds have recently made changes to their positions in the business. Chicago Equity Partners LLC acquired a new position in NexPoint Residential Trust during the second quarter valued at approximately $209,000. Great West Life Assurance Co. Can raised its position in NexPoint Residential Trust by 0.3% during the second quarter. Great West Life Assurance Co. Can now owns 10,225 shares of the company’s stock valued at $254,000 after purchasing an additional 29 shares in the last quarter. American International Group Inc. raised its position in NexPoint Residential Trust by 7.1% during the first quarter. American International Group Inc. now owns 11,059 shares of the company’s stock valued at $267,000 after purchasing an additional 731 shares in the last quarter. Alliancebernstein L.P. raised its position in NexPoint Residential Trust by 17.6% during the first quarter. Alliancebernstein L.P. now owns 14,930 shares of the company’s stock valued at $361,000 after purchasing an additional 2,230 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in NexPoint Residential Trust by 2.7% during the second quarter. The Manufacturers Life Insurance Company now owns 14,817 shares of the company’s stock valued at $369,000 after purchasing an additional 385 shares in the last quarter.

NexPoint Residential Trust Company Profile

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.

Analyst Recommendations for NexPoint Residential Trust (NASDAQ:NXRT)

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