NexPoint Residential Trust Inc (NASDAQ:NXRT)‘s stock had its “buy” rating restated by equities research analysts at B. Riley in a note issued to investors on Thursday. They presently have a $28.00 price objective on the stock, up from their prior price objective of $27.00. B. Riley’s target price would suggest a potential upside of 4.83% from the stock’s current price.

NXRT has been the subject of several other research reports. BidaskClub downgraded shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research report on Friday, October 6th. Zacks Investment Research upgraded shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. Janney Montgomery Scott initiated coverage on shares of NexPoint Residential Trust in a report on Friday, September 8th. They issued a “neutral” rating for the company. FBR & Co initiated coverage on shares of NexPoint Residential Trust in a report on Thursday, October 26th. They issued a “buy” rating and a $27.00 price objective for the company. Finally, Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of NexPoint Residential Trust in a report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. NexPoint Residential Trust has an average rating of “Hold” and an average price target of $27.75.

NexPoint Residential Trust (NXRT) traded down $0.01 on Thursday, hitting $26.71. 60,325 shares of the company traded hands, compared to its average volume of 64,925. NexPoint Residential Trust has a 52-week low of $16.67 and a 52-week high of $26.88.

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

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

Several institutional investors have recently bought and sold shares of NXRT. Bank of New York Mellon Corp grew its stake in shares of NexPoint Residential Trust by 6.6% in the 1st quarter. Bank of New York Mellon Corp now owns 178,040 shares of the company’s stock valued at $4,302,000 after buying an additional 10,959 shares during the period. Ameriprise Financial Inc. grew its stake in shares of NexPoint Residential Trust by 66.8% in the 1st quarter. Ameriprise Financial Inc. now owns 24,048 shares of the company’s stock valued at $581,000 after buying an additional 9,630 shares during the period. Parametric Portfolio Associates LLC grew its stake in shares of NexPoint Residential Trust by 6.9% in the 1st quarter. Parametric Portfolio Associates LLC now owns 28,050 shares of the company’s stock valued at $678,000 after buying an additional 1,807 shares during the period. American International Group Inc. grew its stake in shares of NexPoint Residential Trust by 7.1% in the 1st quarter. American International Group Inc. now owns 11,059 shares of the company’s stock valued at $267,000 after buying an additional 731 shares during the period. Finally, Alliancebernstein L.P. grew its stake in shares of NexPoint Residential Trust by 17.6% in the 1st quarter. Alliancebernstein L.P. now owns 14,930 shares of the company’s stock valued at $361,000 after buying an additional 2,230 shares during the period.

NexPoint Residential Trust Company Profile

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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