NexPoint Residential Trust (NYSE:NXRT) Price Target Raised to $43.00 at Jefferies Financial Group
Jefferies Financial Group has raised its price target for NexPoint Residential Trust (NYSE:NXRT) from $41.00 to $43.00, maintaining a "hold" rating. This suggests a potential upside of 4.02% from the current stock price of $41.34. Other analysts have mixed ratings, with one downgrade to "sell" and three holds. The company has a market cap of $1.05 billion and is focused on acquiring middle-income multifamily properties in major U.S. cities.
NexPoint Residential Trust (NYSE:NXRT - Get Free Report) had its price objective lifted by equities research analysts at Jefferies Financial Group from $41.00 to $43.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a "hold" rating on the financial services provider's stock. Jefferies Financial Group's target price would suggest a potential upside of 4.02% from the stock's current price.
Several other equities research analysts also recently commented on the stock. StockNews.com downgraded shares of NexPoint Residential Trust from a "hold" rating to a "sell" rating in a research note on Saturday, March 1st. Truist Financial lifted their price target on NexPoint Residential Trust from $41.00 to $42.00 and gave the stock a "hold" rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $47.33.
Check Out Our Latest Stock Report on NXRT
NexPoint Residential Trust Stock Performance
NXRT stock traded up $0.68 during trading on Monday, reaching $41.34. The company had a trading volume of 8,372 shares, compared to its average volume of 122,126. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 23.63, a price-to-earnings-growth ratio of 2.34 and a beta of 1.43. NexPoint Residential Trust has a twelve month low of $29.01 and a twelve month high of $48.37. The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.79 and a current ratio of 1.79. The firm has a 50-day simple moving average of $39.85 and a 200-day simple moving average of $43.01.
Institutional Trading of NexPoint Residential Trust
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its stake in shares of NexPoint Residential Trust by 12.3% in the 3rd quarter. Van ECK Associates Corp now owns 3,901 shares of the financial services provider's stock valued at $173,000 after purchasing an additional 428 shares in the last quarter. MQS Management LLC purchased a new position in shares of NexPoint Residential Trust during the 3rd quarter valued at approximately $290,000. KBC Group NV grew its stake in NexPoint Residential Trust by 60.7% in the 3rd quarter. KBC Group NV now owns 1,424 shares of the financial services provider's stock valued at $63,000 after acquiring an additional 538 shares during the period. Valley Wealth Managers Inc. acquired a new position in NexPoint Residential Trust during the third quarter worth $27,000. Finally, Quest Partners LLC lifted its holdings in NexPoint Residential Trust by 104,800.0% during 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 in the last quarter. Institutional investors and hedge funds own 76.61% of the company's stock.
NexPoint Residential Trust Company Profile
(Get Free Report)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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