NexPoint Residential Trust (NYSE:NXRT) Price Target Raised to $44.00 at Deutsche Bank Aktiengesellschaft

NexPoint Residential Trust (NYSE:NXRT) had its target price upped by equities research analysts at Deutsche Bank Aktiengesellschaft from $38.00 to $44.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has a “hold” rating on the financial services provider’s stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential downside of 3.08% from the stock’s previous close.

A number of other research firms have also weighed in on NXRT. JMP Securities increased their price target on NexPoint Residential Trust from $40.00 to $50.00 and gave the company a “market outperform” rating in a research report on Friday, August 2nd. Compass Point upped their price objective on shares of NexPoint Residential Trust from $45.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Truist Financial lifted their price target on shares of NexPoint Residential Trust from $37.00 to $46.00 and gave the company a “hold” rating in a research report on Tuesday, August 27th. Finally, Raymond James upgraded NexPoint Residential Trust from an “underperform” rating to a “market perform” rating in a research note on Friday, May 24th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $46.20.

NexPoint Residential Trust Stock Up 1.6 %

NexPoint Residential Trust stock traded up $0.73 during midday trading on Tuesday, hitting $45.40. The stock had a trading volume of 35,848 shares, compared to its average volume of 142,143. The business has a fifty day moving average price of $43.19 and a 200 day moving average price of $37.12. NexPoint Residential Trust has a 12 month low of $26.21 and a 12 month high of $48.37. The stock has a market cap of $1.15 billion, a P/E ratio of 16.00, a P/E/G ratio of 1.35 and a beta of 1.37. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 2.96.

NexPoint Residential Trust (NYSE:NXRT) last announced its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $0.40 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.29). The firm had revenue of $64.24 million during the quarter, compared to analyst estimates of $64.99 million. NexPoint Residential Trust had a net margin of 32.93% and a return on equity of 17.69%. During the same quarter in the previous year, the business posted $0.88 EPS. Research analysts predict that NexPoint Residential Trust will post 2.82 EPS for the current year.

Insider Activity

In other news, insider Brian Mitts sold 2,000 shares of NexPoint Residential Trust stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $39.40, for a total value of $78,800.00. Following the completion of the sale, the insider now directly owns 65,696 shares in the company, valued at $2,588,422.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 12.96% of the company’s stock.

Hedge Funds Weigh In On NexPoint Residential Trust

A number of large investors have recently modified their holdings of the company. Van ECK Associates Corp increased its holdings in shares of NexPoint Residential Trust by 19.7% in the fourth quarter. Van ECK Associates Corp now owns 3,163 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 520 shares during the period. Victory Capital Management Inc. boosted its stake in NexPoint Residential Trust by 7.0% during the fourth quarter. Victory Capital Management Inc. now owns 23,750 shares of the financial services provider’s stock worth $818,000 after acquiring an additional 1,550 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in NexPoint Residential Trust by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 302,269 shares of the financial services provider’s stock valued at $10,407,000 after buying an additional 8,959 shares during the last quarter. BNP Paribas Financial Markets increased its stake in NexPoint Residential Trust by 32.5% during the 4th quarter. BNP Paribas Financial Markets now owns 29,209 shares of the financial services provider’s stock valued at $1,006,000 after purchasing an additional 7,165 shares in the last quarter. Finally, Jump Financial LLC raised its holdings in NexPoint Residential Trust by 37.7% in the 4th quarter. Jump Financial LLC now owns 10,331 shares of the financial services provider’s stock worth $356,000 after acquiring an additional 2,831 shares during the last quarter. 76.61% of the stock is currently 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.