Janney Montgomery Scott assumed coverage on shares of NexPoint Residential Trust Inc (NASDAQ:NXRT) in a research note issued on Friday, The Fly reports. The brokerage set a “neutral” rating on the stock.

A number of other equities analysts have also commented on NXRT. Zacks Investment Research lowered shares of NexPoint Residential Trust from a “hold” rating to a “strong sell” rating in a research report on Friday, August 4th. Ladenburg Thalmann Financial Services restated a “buy” rating on shares of NexPoint Residential Trust in a research report on Wednesday, August 2nd. Finally, Canaccord Genuity set a $28.00 price target on shares of NexPoint Residential Trust and gave the company a “buy” rating in a research report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. NexPoint Residential Trust currently has an average rating of “Hold” and an average target price of $26.67.

Shares of NexPoint Residential Trust (NASDAQ NXRT) opened at 23.56 on Friday. The firm has a market cap of $495.77 million and a price-to-earnings ratio of 44.79. The firm has a 50 day moving average of $24.00 and a 200 day moving average of $24.42. NexPoint Residential Trust has a 52 week low of $16.67 and a 52 week high of $26.10.

NexPoint Residential Trust (NASDAQ:NXRT) last released its quarterly earnings results on Tuesday, August 1st. The company reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.02. The firm had revenue of $35.23 million during the quarter, compared to analyst estimates of $35.95 million. NexPoint Residential Trust had a net margin of 28.18% and a return on equity of 14.15%. NexPoint Residential Trust’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.37 earnings per share. Equities analysts predict that NexPoint Residential Trust will post ($0.13) earnings per share for the current fiscal year.

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In related news, insider James D. Dondero bought 2,000 shares of the company’s stock in a transaction on Friday, August 11th. The stock was bought at an average cost of $23.30 per share, with a total value of $46,600.00. Following the completion of the purchase, the insider now owns 30,725 shares in the company, valued at approximately $715,892.50. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider James D. Dondero bought 41,900 shares of the company’s stock in a transaction on Thursday, August 3rd. The stock was bought at an average cost of $24.28 per share, with a total value of $1,017,332.00. Following the completion of the purchase, the insider now owns 5,202 shares of the company’s stock, valued at approximately $126,304.56. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 56,500 shares of company stock valued at $1,363,938.

Hedge funds and other institutional investors have recently made changes to their positions in the business. HGI Capital Management LLC bought a new position in shares of NexPoint Residential Trust in the first quarter worth about $1,215,000. American International Group Inc. raised its stake in shares of NexPoint Residential Trust by 7.1% in the first quarter. American International Group Inc. now owns 11,059 shares of the company’s stock worth $267,000 after acquiring an additional 731 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new position in shares of NexPoint Residential Trust in the first quarter worth about $215,000. ClariVest Asset Management LLC raised its stake in shares of NexPoint Residential Trust by 19.6% in the first quarter. ClariVest Asset Management LLC now owns 58,685 shares of the company’s stock worth $1,419,000 after acquiring an additional 9,611 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of NexPoint Residential Trust by 66.8% in the first quarter. Ameriprise Financial Inc. now owns 24,048 shares of the company’s stock worth $581,000 after acquiring an additional 9,630 shares during the last quarter.

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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