A number of other equities analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of NexPoint Residential Trust from a hold rating to a buy rating and set a $34.00 price objective on the stock in a research report on Thursday, August 2nd. B. Riley increased their price objective on shares of NexPoint Residential Trust from $30.00 to $34.00 and gave the stock a buy rating in a research report on Wednesday, August 1st. Finally, ValuEngine raised shares of NexPoint Residential Trust from a hold rating to a buy rating in a research report on Tuesday, July 31st. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. NexPoint Residential Trust currently has a consensus rating of Buy and an average price target of $33.75.
NXRT stock opened at $36.06 on Tuesday. The stock has a market cap of $716.61 million, a PE ratio of 30.82, a P/E/G ratio of 1.89 and a beta of 0.81. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 3.24. NexPoint Residential Trust has a 1 year low of $23.03 and a 1 year high of $38.17.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Harvest Fund Management Co. Ltd bought a new position in NexPoint Residential Trust in the 3rd quarter valued at about $121,000. Ladenburg Thalmann Financial Services Inc. lifted its position in NexPoint Residential Trust by 68.6% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,778 shares of the financial services provider’s stock valued at $118,000 after acquiring an additional 1,944 shares in the last quarter. State of Alaska Department of Revenue bought a new position in NexPoint Residential Trust in the 3rd quarter valued at about $174,000. Commonwealth Equity Services LLC bought a new position in NexPoint Residential Trust in the 2nd quarter valued at about $214,000. Finally, OMERS ADMINISTRATION Corp bought a new position in NexPoint Residential Trust in the 2nd quarter valued at about $233,000. 61.28% of the stock is currently owned by institutional investors and hedge funds.
About NexPoint Residential Trust
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.
Recommended Story: Stock Symbols, CUSIP and Other Stock Identifiers
Receive News & Ratings for NexPoint Residential Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NexPoint Residential Trust and related companies with MarketBeat.com's FREE daily email newsletter.