Somewhat Favorable News Coverage Somewhat Unlikely to Impact NexPoint Residential Trust (NXRT) Stock Price
Press coverage about NexPoint Residential Trust (NYSE:NXRT) has trended somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. NexPoint Residential Trust earned a news impact score of 0.11 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 45.1452716083737 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- NexPoint Residential Trust Inc.: NexPoint Residential Trust, Inc. Announces Fourth Quarter and Full Year 2017 Earnings Conference Call (twst.com)
- NexPoint Residential Trust Inc (NXRT) Expected to Post Quarterly Sales of $36.40 Million (americanbankingnews.com)
- NexPoint Residential Trust Inc’s (NYSE:NXRT) Insiders Recently Ramped Up Their Holdings – Should You? (finance.yahoo.com)
- NexPoint Residential Trust Announces 2017 Dividend Income Tax Treatment (finance.yahoo.com)
NXRT has been the subject of a number of analyst reports. Zacks Investment Research raised NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. BidaskClub raised NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research report on Friday, October 13th. FBR & Co began coverage on NexPoint Residential Trust in a research report on Thursday, October 26th. They set a “buy” rating and a $27.00 price objective for the company. B. Riley boosted their target price on NexPoint Residential Trust from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Finally, Ladenburg Thalmann Financial Services restated a “buy” rating on shares of NexPoint Residential Trust in a research note on Thursday, November 2nd. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. NexPoint Residential Trust currently has a consensus rating of “Buy” and an average target price of $28.50.
In other NexPoint Residential Trust news, insider James D. Dondero bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The stock was purchased at an average price of $28.50 per share, for a total transaction of $285,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James D. Dondero bought 24,788 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The shares were acquired at an average price of $27.23 per share, with a total value of $674,977.24. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 86,553 shares of company stock valued at $2,360,392. 19.00% of the stock is owned by company insiders.
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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.
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