NexPoint Residential Trust (NXRT) Downgraded to “Hold” at Boenning Scattergood

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Boenning Scattergood downgraded shares of NexPoint Residential Trust (NYSE:NXRT) to a hold rating in a report released on Tuesday morning.

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.

NexPoint Residential Trust (NYSE:NXRT) last released its quarterly earnings data on Tuesday, October 30th. The financial services provider reported ($0.25) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.69). NexPoint Residential Trust had a return on equity of 23.89% and a net margin of 40.64%. As a group, sell-side analysts expect that NexPoint Residential Trust will post 1.72 EPS for the current fiscal year.

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.

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