Investment analysts at Janney Montgomery Scott started coverage on shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) in a research report issued to clients and investors on Friday, StockTargetPrices.com reports. The brokerage set a “neutral” rating on the financial services provider’s stock.

Other equities analysts have also issued research reports about the company. BidaskClub lowered NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Canaccord Genuity increased their price target on NexPoint Residential Trust from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, May 15th.

NexPoint Residential Trust (NYSE NXRT) traded up 1.15% on Friday, hitting $23.83. 29,273 shares of the stock were exchanged. The company has a market cap of $501.45 million, a PE ratio of 45.30 and a beta of 0.84. The company’s 50-day moving average is $24.00 and its 200-day moving average is $24.42. NexPoint Residential Trust has a 52 week low of $16.67 and a 52 week high of $26.10.

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An institutional investor recently raised its position in NexPoint Residential Trust stock. EJF Capital grew its position in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) by 6.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 80,000 shares of the financial services provider’s stock after buying an additional 5,000 shares during the quarter. EJF Capital owned approximately 0.38% of NexPoint Residential Trust worth $1,069,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 57.59% of the stock is currently owned by institutional investors and hedge funds.

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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