NexPoint Residential Trust (NYSE:NXRT) Upgraded at StockNews.com

StockNews.com upgraded shares of NexPoint Residential Trust (NYSE:NXRT) from a sell rating to a hold rating in a research note released on Friday.

NexPoint Residential Trust Stock Performance

Shares of NXRT stock opened at $38.80 on Friday. NexPoint Residential Trust has a 52-week low of $28.20 and a 52-week high of $48.37. The stock’s 50-day moving average price is $40.20 and its 200 day moving average price is $43.24. The stock has a market capitalization of $985.68 million, a PE ratio of 22.17, a price-to-earnings-growth ratio of 2.34 and a beta of 1.42. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 3.25.

Institutional Investors Weigh In On NexPoint Residential Trust

Institutional investors have recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in NexPoint Residential Trust by 34.7% in 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 buying an additional 232 shares in the last quarter. Quantinno Capital Management LP raised its holdings in NexPoint Residential Trust by 4.1% in the 3rd quarter. Quantinno Capital Management LP now owns 6,059 shares of the financial services provider’s stock valued at $267,000 after acquiring an additional 240 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in NexPoint Residential Trust by 2.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,708 shares of the financial services provider’s stock valued at $531,000 after acquiring an additional 266 shares during the last quarter. Van ECK Associates Corp raised its holdings in NexPoint Residential Trust by 8.6% in the 4th quarter. Van ECK Associates Corp now owns 4,237 shares of the financial services provider’s stock valued at $177,000 after acquiring an additional 336 shares during the last quarter. Finally, Creative Planning raised its holdings in NexPoint Residential Trust by 3.0% in the 3rd quarter. Creative Planning now owns 11,785 shares of the financial services provider’s stock valued at $519,000 after acquiring an additional 341 shares during the last quarter. Hedge funds and other institutional investors own 76.61% 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.