Analysts Set NexPoint Residential Trust, Inc. (NYSE:NXRT) Price Target at $49.00

NexPoint Residential Trust, Inc. (NYSE:NXRT) has earned a consensus rating of “Moderate Buy” from the five research firms that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $49.00.

A number of equities analysts have recently commented on the stock. Raymond James raised shares of NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 target price on the stock in a report on Monday, October 21st. StockNews.com downgraded shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research report on Friday, January 31st.

Institutional Investors Weigh In On NexPoint Residential Trust

Several institutional investors have recently made changes to their positions in the stock. Valley Wealth Managers Inc. acquired a new position in NexPoint Residential Trust during the third quarter worth $27,000. Smartleaf Asset Management LLC boosted its position in shares of NexPoint Residential Trust by 104.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 894 shares of the financial services provider’s stock worth $37,000 after buying an additional 456 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in NexPoint Residential Trust by 34.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 900 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 232 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of NexPoint Residential Trust in the third quarter valued at about $42,000. Finally, Quest Partners LLC grew its position in shares of NexPoint Residential Trust by 104,800.0% in the third quarter. Quest Partners LLC now owns 1,049 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 1,048 shares during the last quarter. 76.61% of the stock is currently owned by hedge funds and other institutional investors.

NexPoint Residential Trust Stock Performance

Shares of NXRT stock opened at $39.95 on Thursday. The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.79 and a current ratio of 1.79. NexPoint Residential Trust has a 1 year low of $28.20 and a 1 year high of $48.37. The stock’s 50-day moving average is $41.45 and its two-hundred day moving average is $43.50. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 22.83, a PEG ratio of 2.40 and a beta of 1.42.

About NexPoint Residential Trust

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.