ValuEngine Lowers NexPoint Residential Trst (NXRT) to Hold

NexPoint Residential Trst (NYSE:NXRT) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Wednesday.

Other equities analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of NexPoint Residential Trst from a “buy” rating to a “hold” rating in a research note on Saturday, February 17th. TheStreet raised shares of NexPoint Residential Trst from a “d-” rating to a “c” rating in a research note on Monday, March 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $27.50.

Shares of NYSE NXRT opened at $27.01 on Wednesday. NexPoint Residential Trst has a 1-year low of $26.82 and a 1-year high of $27.04. The stock has a market capitalization of $556.14 million, a price-to-earnings ratio of 23.09 and a beta of 0.79. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 3.10.

NexPoint Residential Trst (NYSE:NXRT) last announced its earnings results on Tuesday, May 1st. The financial services provider reported $0.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.06. NexPoint Residential Trst had a net margin of 47.13% and a return on equity of 28.96%. The company had revenue of $35.06 million during the quarter, compared to the consensus estimate of $36.12 million. equities research analysts anticipate that NexPoint Residential Trst will post 1.64 earnings per share for the current year.

Large investors have recently modified their holdings of the company. Ladenburg Thalmann Financial Services Inc. grew its position in shares of NexPoint Residential Trst by 68.6% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,778 shares of the financial services provider’s stock worth $118,000 after buying an additional 1,944 shares during the period. Tower Research Capital LLC TRC grew its position in shares of NexPoint Residential Trst by 448.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,270 shares of the financial services provider’s stock worth $147,000 after buying an additional 4,309 shares during the period. Forsta AP Fonden acquired a new stake in shares of NexPoint Residential Trst during the 4th quarter worth approximately $204,000. Jane Street Group LLC acquired a new stake in shares of NexPoint Residential Trst during the 4th quarter worth approximately $215,000. Finally, First Foundation Advisors acquired a new stake in shares of NexPoint Residential Trst during the 1st quarter worth approximately $219,000. Institutional investors own 60.43% of the company’s stock.

NexPoint Residential Trst 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for NexPoint Residential Trst (NYSE:NXRT)

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