NexPoint Residential Trust (NXRT) Rating Lowered to Hold at ValuEngine

NexPoint Residential Trust (NYSE:NXRT) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

NXRT has been the topic of a number of other reports. BidaskClub raised shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, September 12th. Janney Montgomery Scott began coverage on shares of NexPoint Residential Trust in a research note on Friday, September 8th. They issued a “neutral” rating on the stock. B. Riley raised their target price on shares of NexPoint Residential Trust from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of NexPoint Residential Trust in a research note on Thursday, November 2nd. Finally, FBR & Co began coverage on shares of NexPoint Residential Trust in a research note on Thursday, October 26th. They issued a “buy” rating and a $27.00 target price on the stock. One equities 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 stock presently has an average rating of “Hold” and an average price target of $27.75.

NexPoint Residential Trust (NYSE NXRT) traded up $0.23 on Friday, reaching $28.37. 115,613 shares of the company’s stock were exchanged, compared to its average volume of 91,639. The company has a debt-to-equity ratio of 3.09, a current ratio of 1.72 and a quick ratio of 1.72. NexPoint Residential Trust has a twelve month low of $19.81 and a twelve month high of $29.28. The stock has a market cap of $597.45 and a price-to-earnings ratio of 17.81.

In other news, insider James D. Dondero purchased 1,100 shares of NexPoint Residential Trust stock in a transaction dated Tuesday, October 10th. The shares were purchased at an average price of $23.37 per share, with a total value of $25,707.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 19.00% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the company. Susquehanna International Group LLP increased its holdings in NexPoint Residential Trust by 58.7% in the 3rd quarter. Susquehanna International Group LLP now owns 30,279 shares of the financial services provider’s stock valued at $719,000 after purchasing an additional 11,197 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in NexPoint Residential Trust by 36.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 26,317 shares of the financial services provider’s stock valued at $625,000 after purchasing an additional 6,988 shares during the last quarter. GSA Capital Partners LLP increased its holdings in NexPoint Residential Trust by 23.0% in the 3rd quarter. GSA Capital Partners LLP now owns 40,587 shares of the financial services provider’s stock valued at $963,000 after purchasing an additional 7,600 shares during the last quarter. California Public Employees Retirement System increased its holdings in NexPoint Residential Trust by 11.4% in the 3rd quarter. California Public Employees Retirement System now owns 34,210 shares of the financial services provider’s stock valued at $812,000 after purchasing an additional 3,510 shares during the last quarter. Finally, Boothbay Fund Management LLC acquired a new stake in NexPoint Residential Trust in the 3rd quarter valued at approximately $415,000. 56.62% of the stock is currently owned by hedge funds and other institutional investors.

WARNING: This article was first published by American Banking News and is the property of of American Banking News. If you are accessing this article on another website, it was illegally copied and reposted in violation of U.S. and international trademark & copyright legislation. The correct version of this article can be viewed at https://www.americanbankingnews.com/2017/12/02/nexpoint-residential-trust-nxrt-rating-lowered-to-hold-at-valuengine.html.

NexPoint Residential Trust Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for NexPoint Residential Trust (NYSE:NXRT)

Receive News & Ratings for NexPoint Residential Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NexPoint Residential Trust Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply