NexPoint Residential Trust (NYSE:NXRT) PT Raised to $51.00 at Raymond James

NexPoint Residential Trust (NYSE:NXRT) had its target price increased by research analysts at Raymond James to $51.00 in a research note issued to investors on Monday, The Fly reports. The brokerage presently has a “strong-buy” rating on the financial services provider’s stock. Raymond James’ price objective would indicate a potential upside of 10.29% from the company’s previous close.

Several other equities research analysts have also commented on the stock. LADENBURG THALM/SH SH boosted their target price on shares of NexPoint Residential Trust from $41.50 to $44.00 and gave the stock a “buy” rating in a research report on Friday, May 31st. Compass Point upgraded shares of NexPoint Residential Trust from a “neutral” rating to a “buy” rating and set a $46.50 target price on the stock in a research report on Wednesday, July 31st. Zacks Investment Research downgraded NexPoint Residential Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of NexPoint Residential Trust in a research note on Wednesday, May 1st. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $44.25.

Shares of NYSE NXRT opened at $46.24 on Monday. The firm has a market capitalization of $1.07 billion, a P/E ratio of 24.60, a PEG ratio of 2.36 and a beta of 0.41. NexPoint Residential Trust has a one year low of $31.40 and a one year high of $46.68. The company’s fifty day moving average is $43.39 and its two-hundred day moving average is $39.58. The company has a debt-to-equity ratio of 3.60, a quick ratio of 2.12 and a current ratio of 2.12.

NexPoint Residential Trust (NYSE:NXRT) last issued its earnings results on Tuesday, July 30th. The financial services provider reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.46 by ($0.54). The company had revenue of $43.07 million for the quarter, compared to analysts’ expectations of $43.05 million. NexPoint Residential Trust had a negative return on equity of 6.07% and a negative net margin of 10.21%. On average, sell-side analysts forecast that NexPoint Residential Trust will post 1.98 earnings per share for the current fiscal year.

In other news, insider James D. Dondero purchased 500,000 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The stock was acquired at an average price of $41.19 per share, with a total value of $20,595,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 21.49% of the company’s stock.

Several large investors have recently added to or reduced their stakes in NXRT. MUFG Americas Holdings Corp acquired a new position in NexPoint Residential Trust in the 2nd quarter valued at about $50,000. Quantamental Technologies LLC raised its stake in NexPoint Residential Trust by 318.1% in the 1st quarter. Quantamental Technologies LLC now owns 1,643 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 1,250 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new position in NexPoint Residential Trust in the 2nd quarter valued at about $82,000. Aperio Group LLC acquired a new position in NexPoint Residential Trust in the 2nd quarter valued at about $91,000. Finally, Royal Bank of Canada raised its stake in NexPoint Residential Trust by 35.5% in the 2nd quarter. Royal Bank of Canada now owns 2,305 shares of the financial services provider’s stock valued at $95,000 after purchasing an additional 604 shares during the last quarter. 66.22% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for NexPoint Residential Trust (NYSE:NXRT)

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