NexPoint Residential Trust (NYSE:NXRT) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of NexPoint Residential Trust (NYSE:NXRT) from a sell rating to a hold rating in a report released on Friday.

NexPoint Residential Trust Stock Performance

NYSE:NXRT opened at $38.80 on Friday. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.79 and a quick ratio of 1.79. The firm has a 50-day moving average of $40.20 and a two-hundred day moving average of $43.24. The stock has a market cap of $985.68 million, a P/E ratio of 22.17, a PEG ratio of 2.34 and a beta of 1.42. NexPoint Residential Trust has a 1-year low of $28.20 and a 1-year high of $48.37.

Hedge Funds Weigh In On NexPoint Residential Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC boosted its position in NexPoint Residential Trust by 160.3% in the 3rd quarter. Jane Street Group LLC now owns 58,040 shares of the financial services provider’s stock valued at $2,554,000 after buying an additional 35,741 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of NexPoint Residential Trust by 0.5% during the third quarter. Geode Capital Management LLC now owns 576,084 shares of the financial services provider’s stock worth $25,358,000 after purchasing an additional 2,740 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of NexPoint Residential Trust by 164.0% during the third quarter. Franklin Resources Inc. now owns 34,865 shares of the financial services provider’s stock worth $1,506,000 after purchasing an additional 21,660 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of NexPoint Residential Trust by 16.7% during the third quarter. JPMorgan Chase & Co. now owns 117,090 shares of the financial services provider’s stock worth $5,153,000 after purchasing an additional 16,746 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of NexPoint Residential Trust by 23.4% during the third quarter. BNP Paribas Financial Markets now owns 7,348 shares of the financial services provider’s stock worth $323,000 after purchasing an additional 1,393 shares during the last quarter. 76.61% of the stock is owned by hedge funds and other institutional investors.

NexPoint Residential Trust Company Profile

NexPoint Residential Trust is a publicly traded REIT, with its shares listed on the New York Stock Exchange under the symbol “NXRT,” primarily focused on acquiring, owning and operating well-located middle-income multifamily properties with “value-add” potential in large cities and suburban submarkets of large cities, primarily in the Southeastern and Southwestern United States.