NexPoint Residential Trust, Inc. (NXRT) Downgraded by BidaskClub
BidaskClub downgraded shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) from a hold rating to a sell rating in a research note issued to investors on Friday.
NXRT has been the subject of several other research reports. Ladenburg Thalmann Financial Services reissued a buy rating on shares of NexPoint Residential Trust in a report on Thursday, May 4th. Canaccord Genuity raised their price target on NexPoint Residential Trust from $26.00 to $28.00 and gave the stock a buy rating in a report on Monday, May 15th.
Shares of NexPoint Residential Trust (NYSE:NXRT) traded down 3.95% during trading on Friday, reaching $24.10. The company’s stock had a trading volume of 64,305 shares. The firm’s 50-day moving average is $25.19 and its 200-day moving average is $24.38. NexPoint Residential Trust has a 12-month low of $16.67 and a 12-month high of $26.10. The stock has a market capitalization of $507.14 million, a PE ratio of 27.99 and a beta of 0.83.
COPYRIGHT VIOLATION WARNING: “NexPoint Residential Trust, Inc. (NXRT) Downgraded by BidaskClub” was originally posted by Watch List News and is the property of of Watch List News. If you are viewing this report on another domain, it was stolen and republished in violation of US & international copyright and trademark laws. The correct version of this report can be accessed at https://www.watchlistnews.com/nexpoint-residential-trust-inc-nxrt-downgraded-by-bidaskclub/1465745.html.
About NexPoint Residential Trust
NexPoint Residential Trust, Inc is an externally managed real estate investment trust (REIT). The Company’s investment objectives are to maximize the cash flow and value of properties owned, acquire properties with cash flow growth potential, provide quarterly cash distributions and achieve long-term capital appreciation for its stockholders through targeted management and a value-add program.
Receive News & Ratings for NexPoint Residential Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NexPoint Residential Trust Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.