NexPoint Residential Trust (NXRT) Receives “Hold” Rating from Boenning Scattergood

Share on StockTwits

NexPoint Residential Trust (NYSE:NXRT)‘s stock had its “hold” rating reaffirmed by analysts at Boenning Scattergood in a report released on Wednesday.

NXRT has been the subject of several other reports. Zacks Investment Research raised shares of NexPoint Residential Trust from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research report on Saturday, November 3rd. B. Riley boosted their price objective on shares of NexPoint Residential Trust from $34.00 to $37.00 and gave the company a “buy” rating in a research report on Monday, November 5th. ValuEngine cut shares of NexPoint Residential Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, November 6th. Finally, Raymond James began coverage on shares of NexPoint Residential Trust in a research report on Wednesday, February 6th. They issued an “outperform” rating and a $41.00 price objective for the company. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. NexPoint Residential Trust currently has a consensus rating of “Buy” and a consensus price target of $38.20.

NYSE:NXRT traded down $0.55 during mid-day trading on Wednesday, hitting $37.36. 99,671 shares of the stock traded hands, compared to its average volume of 82,629. The company has a market capitalization of $901.68 million, a price-to-earnings ratio of 31.93, a PEG ratio of 1.64 and a beta of 0.59. NexPoint Residential Trust has a 52 week low of $23.38 and a 52 week high of $38.70. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 3.83.

NexPoint Residential Trust (NYSE:NXRT) last issued its quarterly earnings results on Tuesday, February 19th. The financial services provider reported ($0.21) EPS for the quarter, missing the consensus estimate of $0.46 by ($0.67). The firm had revenue of $39.39 million for the quarter, compared to the consensus estimate of $38.75 million. NexPoint Residential Trust had a negative net margin of 0.82% and a negative return on equity of 0.49%. As a group, equities analysts forecast that NexPoint Residential Trust will post 1.72 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the business. Nordea Investment Management AB boosted its position in NexPoint Residential Trust by 0.9% in the 4th quarter. Nordea Investment Management AB now owns 33,600 shares of the financial services provider’s stock valued at $1,177,000 after buying an additional 300 shares during the period. Public Employees Retirement System of Ohio boosted its position in NexPoint Residential Trust by 1,207.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 61,792 shares of the financial services provider’s stock valued at $2,166,000 after buying an additional 57,067 shares during the period. Macquarie Group Ltd. boosted its position in NexPoint Residential Trust by 176.8% in the 4th quarter. Macquarie Group Ltd. now owns 54,800 shares of the financial services provider’s stock valued at $1,921,000 after buying an additional 35,000 shares during the period. Legal & General Group Plc boosted its position in NexPoint Residential Trust by 32.2% in the 4th quarter. Legal & General Group Plc now owns 3,234 shares of the financial services provider’s stock valued at $114,000 after buying an additional 788 shares during the period. Finally, Amundi Pioneer Asset Management Inc. boosted its position in NexPoint Residential Trust by 1.9% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 44,635 shares of the financial services provider’s stock valued at $1,565,000 after buying an additional 817 shares during the period. 58.12% of the stock is owned by institutional investors.

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.

Read More: Why is the Consumer Price Index (CPI) important?

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



Leave a Reply