NexPoint Residential Trst (NYSE:NXRT) was upgraded by research analysts at TheStreet from a “d-” rating to a “c” rating in a research note issued to investors on Monday, March 19th.
NXRT has been the topic of a number of other reports. ValuEngine lowered NexPoint Residential Trst from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research lowered NexPoint Residential Trst from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. NexPoint Residential Trst currently has an average rating of “Buy” and a consensus target price of $27.50.
NYSE:NXRT traded down $0.15 during mid-day trading on Monday, hitting $25.99. The company had a trading volume of 129,341 shares, compared to its average volume of 79,518. The company has a debt-to-equity ratio of 3.28, a current ratio of 1.74 and a quick ratio of 1.74. NexPoint Residential Trst has a 1 year low of $22.84 and a 1 year high of $29.40. The firm has a market capitalization of $537.71, a PE ratio of 22.21 and a beta of 0.80.
NexPoint Residential Trst (NYSE:NXRT) last released its quarterly earnings data on Tuesday, February 13th. The financial services provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.38 by $0.02. NexPoint Residential Trst had a return on equity of 23.02% and a net margin of 37.00%. The company had revenue of $34.90 million for the quarter, compared to analyst estimates of $36.28 million. During the same period last year, the company posted $0.39 earnings per share. The firm’s revenue was up 7.1% compared to the same quarter last year. equities analysts anticipate that NexPoint Residential Trst will post 1.66 EPS for the current year.
In other news, insider James D. Dondero acquired 1,000 shares of the stock in a transaction that occurred on Friday, January 12th. The stock was purchased at an average cost of $26.87 per share, with a total value of $26,870.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James D. Dondero acquired 24,788 shares of the stock in a transaction that occurred on Monday, January 22nd. The stock was purchased at an average cost of $27.23 per share, with a total value of $674,977.24. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 44,488 shares of company stock worth $1,206,373. Corporate insiders own 19.00% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. MetLife Investment Advisors LLC bought a new stake in NexPoint Residential Trst in the fourth quarter valued at about $256,000. Lyon Street Capital LLC boosted its stake in NexPoint Residential Trst by 3.5% in the fourth quarter. Lyon Street Capital LLC now owns 258,622 shares of the financial services provider’s stock valued at $7,226,000 after acquiring an additional 8,635 shares during the period. Jane Street Group LLC acquired a new position in NexPoint Residential Trst in the fourth quarter valued at approximately $215,000. Millennium Management LLC boosted its stake in NexPoint Residential Trst by 404.7% in the fourth quarter. Millennium Management LLC now owns 477,383 shares of the financial services provider’s stock valued at $13,338,000 after acquiring an additional 382,804 shares during the period. Finally, Raymond James & Associates boosted its stake in NexPoint Residential Trst by 11.8% in the fourth quarter. Raymond James & Associates now owns 55,168 shares of the financial services provider’s stock valued at $1,541,000 after acquiring an additional 5,843 shares during the period. 59.70% of the stock is owned by hedge funds and other institutional investors.
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About NexPoint Residential Trst
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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