Boenning Scattergood Reiterates Hold Rating for NexPoint Residential Trust (NXRT)

NexPoint Residential Trust (NYSE:NXRT)‘s stock had its “hold” rating reaffirmed by stock analysts at Boenning Scattergood in a report issued on Wednesday.

Several other analysts have also issued reports on the stock. B. Riley boosted their price target on shares of NexPoint Residential Trust from $37.00 to $41.00 and gave the company a “buy” rating in a research report on Wednesday. Zacks Investment Research raised shares of NexPoint Residential Trust from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research report on Friday, February 8th. Raymond James began coverage on shares of NexPoint Residential Trust in a research report on Wednesday, February 6th. They issued an “outperform” rating and a $41.00 price target on the stock. Finally, ValuEngine raised shares of NexPoint Residential Trust from a “hold” rating to a “buy” rating in a research report on Monday, November 12th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $38.20.

Shares of NXRT stock opened at $37.50 on Wednesday. The stock has a market capitalization of $880.79 million, a price-to-earnings ratio of 19.95, a P/E/G ratio of 1.59 and a beta of 0.59. The company has a debt-to-equity ratio of 2.83, a quick ratio of 0.98 and a current ratio of 2.19. NexPoint Residential Trust has a 52 week low of $23.50 and a 52 week high of $38.70.

NexPoint Residential Trust (NYSE:NXRT) last announced its quarterly earnings data on Tuesday, February 19th. The financial services provider reported ($0.21) EPS for the quarter, missing the consensus estimate of $0.46 by ($0.67). The company had revenue of $39.39 million during the quarter, compared to the consensus estimate of $38.75 million. NexPoint Residential Trust had a negative return on equity of 0.63% and a negative net margin of 1.09%. Research analysts predict that NexPoint Residential Trust will post 2.15 earnings per share for the current year.

A number of large investors have recently modified their holdings of NXRT. JPMorgan Chase & Co. boosted its stake in shares of NexPoint Residential Trust by 13.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 290,614 shares of the financial services provider’s stock valued at $9,648,000 after purchasing an additional 34,931 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in NexPoint Residential Trust by 2.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 221,385 shares of the financial services provider’s stock worth $7,350,000 after purchasing an additional 6,109 shares in the last quarter. Hillsdale Investment Management Inc. bought a new position in NexPoint Residential Trust in the 3rd quarter worth $1,511,000. MetLife Investment Advisors LLC raised its holdings in NexPoint Residential Trust by 46.0% in the 3rd quarter. MetLife Investment Advisors LLC now owns 13,368 shares of the financial services provider’s stock worth $444,000 after purchasing an additional 4,214 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in NexPoint Residential Trust by 31.6% in the 3rd quarter. First Trust Advisors LP now owns 31,131 shares of the financial services provider’s stock worth $1,034,000 after purchasing an additional 7,483 shares in the last quarter. 58.12% of the stock is owned by institutional investors.

NexPoint Residential Trust 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.

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