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.
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.
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