NexPoint Residential Trust Inc (NASDAQ:NXRT) had its price target raised by research analysts at B. Riley from $27.00 to $28.00 in a note issued to investors on Wednesday. The firm currently has a “buy” rating on the stock.

Several other analysts have also recently issued reports on NXRT. Zacks Investment Research raised NexPoint Residential Trust from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research note on Wednesday, July 5th. Canaccord Genuity set a $28.00 target price on NexPoint Residential Trust and gave the stock a “buy” rating in a research note on Tuesday, August 1st. Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of NexPoint Residential Trust in a research note on Wednesday, August 2nd. Janney Montgomery Scott initiated coverage on NexPoint Residential Trust in a research note on Friday, September 8th. They issued a “neutral” rating on the stock. Finally, BidaskClub raised NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, September 12th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $27.75.

NexPoint Residential Trust (NASDAQ:NXRT) last posted its earnings results on Tuesday, August 1st. The company reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.02). The business had revenue of $35.23 million during the quarter, compared to the consensus estimate of $35.95 million. NexPoint Residential Trust had a return on equity of 14.15% and a net margin of 28.18%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.37 earnings per share.

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In other news, insider James D. Dondero acquired 12,600 shares of the business’s stock in a transaction on Monday, August 7th. The shares were acquired at an average cost of $23.81 per share, with a total value of $300,006.00. Following the transaction, the insider now owns 5,202 shares in the company, valued at approximately $123,859.62. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, insider James D. Dondero acquired 1,100 shares of the business’s stock in a transaction on Tuesday, October 10th. The shares were purchased at an average cost of $23.37 per share, for a total transaction of $25,707.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 16,700 shares of company stock worth $395,793.

Several hedge funds have recently added to or reduced their stakes in NXRT. Chicago Equity Partners LLC purchased a new position in shares of NexPoint Residential Trust during the second quarter valued at approximately $209,000. Great West Life Assurance Co. Can lifted its holdings in shares of NexPoint Residential Trust by 0.3% during the second quarter. Great West Life Assurance Co. Can now owns 10,225 shares of the company’s stock valued at $254,000 after purchasing an additional 29 shares during the last quarter. American International Group Inc. lifted its holdings in shares of NexPoint Residential Trust by 7.1% during the first quarter. American International Group Inc. now owns 11,059 shares of the company’s stock valued at $267,000 after purchasing an additional 731 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of NexPoint Residential Trust by 17.6% during the first quarter. Alliancebernstein L.P. now owns 14,930 shares of the company’s stock valued at $361,000 after purchasing an additional 2,230 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of NexPoint Residential Trust by 2.7% during the second quarter. The Manufacturers Life Insurance Company now owns 14,817 shares of the company’s stock valued at $369,000 after purchasing an additional 385 shares during the last quarter.

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.

Analyst Recommendations for NexPoint Residential Trust (NASDAQ:NXRT)

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