NexPoint Residential Trust, Inc. (NYSE:NXRT)‘s stock had its “buy” rating reiterated by investment analysts at FBR & Co in a research report issued to clients and investors on Thursday. They presently have a $27.00 target price on the financial services provider’s stock. FBR & Co’s target price suggests a potential upside of 15.98% from the stock’s current price.
NXRT has been the topic of a number of other reports. Janney Montgomery Scott initiated coverage on NexPoint Residential Trust in a research report on Friday, September 8th. They set a “neutral” rating on the stock. BidaskClub downgraded NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $27.50.
NexPoint Residential Trust (NXRT) opened at 23.28 on Thursday. The firm has a market capitalization of $489.88 million, a P/E ratio of 44.26 and a beta of 0.84. NexPoint Residential Trust has a 1-year low of $16.67 and a 1-year high of $26.10. The company has a 50-day moving average price of $23.71 and a 200 day moving average price of $24.40.
About NexPoint Residential Trust
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.
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