NexPoint Residential Trust Inc (NASDAQ:NXRT)‘s stock had its “buy” rating reaffirmed by Ladenburg Thalmann Financial Services in a research report issued on Thursday.

A number of other research firms also recently issued reports on NXRT. Zacks Investment Research downgraded shares of NexPoint Residential Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Canaccord Genuity set a $28.00 target price on shares of NexPoint Residential Trust and gave the company a “buy” rating in a research report on Tuesday, August 1st. B. Riley restated a “buy” rating and set a $28.00 target price (up from $27.00) on shares of NexPoint Residential Trust in a research report on Thursday. FBR & Co initiated coverage on shares of NexPoint Residential Trust in a research report on Thursday, October 26th. They set a “buy” rating and a $27.00 target price for the company. Finally, BidaskClub downgraded shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research report on Friday, October 6th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target 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 analysts’ consensus estimates of $0.36 by ($0.02). The business had revenue of $35.23 million for the quarter, compared to analyst estimates of $35.95 million. NexPoint Residential Trust had a net margin of 28.18% and a return on equity of 14.15%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.37 earnings per share.

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In other news, insider James D. Dondero acquired 12,600 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was acquired at an average price of $23.81 per share, for a total transaction of $300,006.00. Following the completion of 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 can be accessed through this link. Also, insider James D. Dondero acquired 1,100 shares of the firm’s stock in a transaction on Tuesday, October 10th. The stock was purchased at an average price of $23.37 per share, with a total value of $25,707.00. The disclosure for this purchase can be found here. Insiders have purchased 16,700 shares of company stock valued at $395,793 over the last 90 days.

Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of NexPoint Residential Trust by 7.1% in the first quarter. Vanguard Group Inc. now owns 2,015,961 shares of the company’s stock worth $48,706,000 after acquiring an additional 134,077 shares during the period. Renaissance Technologies LLC raised its position in shares of NexPoint Residential Trust by 19.8% in the second quarter. Renaissance Technologies LLC now owns 780,100 shares of the company’s stock worth $19,417,000 after acquiring an additional 129,000 shares during the period. State Street Corp raised its position in shares of NexPoint Residential Trust by 4.9% in the second quarter. State Street Corp now owns 548,705 shares of the company’s stock worth $13,653,000 after acquiring an additional 25,552 shares during the period. Numeric Investors LLC raised its position in shares of NexPoint Residential Trust by 61.0% in the second quarter. Numeric Investors LLC now owns 547,597 shares of the company’s stock worth $13,630,000 after acquiring an additional 207,460 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of NexPoint Residential Trust by 44.7% in the second quarter. Principal Financial Group Inc. now owns 300,434 shares of the company’s stock worth $7,478,000 after acquiring an additional 92,818 shares during the period.

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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