NexPoint Residential Trust, Inc. (NYSE:NXRT – Get Rating)’s share price hit a new 52-week low during trading on Friday . The stock traded as low as $51.06 and last traded at $51.46, with a volume of 553 shares. The stock had previously closed at $52.37.
Analysts Set New Price Targets
A number of analysts recently commented on NXRT shares. Raymond James reaffirmed a “downgrade” rating on shares of NexPoint Residential Trust in a research report on Thursday, August 4th. StockNews.com raised NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, August 31st. Janney Montgomery Scott raised NexPoint Residential Trust from a “neutral” rating to a “buy” rating in a research report on Friday, August 12th. Compass Point set a $90.00 price target on NexPoint Residential Trust in a research report on Monday, June 20th. Finally, Credit Suisse Group started coverage on NexPoint Residential Trust in a report on Wednesday, June 22nd. They set an “outperform” rating and a $72.00 price objective for the company. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $80.83.
NexPoint Residential Trust Stock Down 0.9 %
The stock has a fifty day moving average price of $59.09 and a 200 day moving average price of $71.40. The company has a debt-to-equity ratio of 3.30, a current ratio of 2.18 and a quick ratio of 2.18. The stock has a market capitalization of $1.33 billion, a P/E ratio of 64.09, a price-to-earnings-growth ratio of 2.13 and a beta of 1.07.
NexPoint Residential Trust Dividend Announcement
Institutional Investors Weigh In On NexPoint Residential Trust
Several large investors have recently added to or reduced their stakes in the business. Lazard Asset Management LLC purchased a new stake in NexPoint Residential Trust during the second quarter valued at about $42,000. Point72 Hong Kong Ltd raised its position in NexPoint Residential Trust by 94.2% during the fourth quarter. Point72 Hong Kong Ltd now owns 808 shares of the financial services provider’s stock valued at $68,000 after purchasing an additional 392 shares in the last quarter. SeaCrest Wealth Management LLC purchased a new stake in NexPoint Residential Trust during the second quarter valued at about $51,000. Quantbot Technologies LP purchased a new stake in NexPoint Residential Trust during the second quarter valued at about $60,000. Finally, Joseph P. Lucia & Associates LLC purchased a new stake in NexPoint Residential Trust during the first quarter valued at about $90,000. Institutional investors own 91.22% of the company’s stock.
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.
- Get a free copy of the StockNews.com research report on NexPoint Residential Trust (NXRT)
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