NexPoint Residential Trust Inc (NASDAQ:NXRT) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a report issued on Friday.

A number of other analysts also recently weighed in on the company. Janney Montgomery Scott began coverage on NexPoint Residential Trust in a research report on Friday, September 8th. They issued a “neutral” rating for the company. Zacks Investment Research downgraded NexPoint Residential Trust from a “hold” rating to a “strong sell” rating in a research report on Friday, August 4th. Ladenburg Thalmann Financial Services restated a “buy” rating on shares of NexPoint Residential Trust in a research report on Wednesday, August 2nd. Finally, Canaccord Genuity set a $28.00 target price on NexPoint Residential Trust and gave the stock a “buy” rating in a research report on Tuesday, August 1st. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. NexPoint Residential Trust presently has a consensus rating of “Hold” and an average price target of $28.00.

NexPoint Residential Trust (NASDAQ:NXRT) opened at 23.43 on Friday. The company has a 50-day moving average of $23.60 and a 200-day moving average of $23.60. The company has a market cap of $493.04 million and a price-to-earnings ratio of 44.54. NexPoint Residential Trust has a one year low of $16.67 and a one year high of $24.42.

NexPoint Residential Trust (NASDAQ:NXRT) last released its earnings results on Tuesday, August 1st. The company reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.02). The firm 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 business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.37 EPS. Equities research analysts expect that NexPoint Residential Trust will post ($0.10) EPS for the current fiscal year.

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In related news, insider James D. Dondero acquired 2,000 shares of the stock in a transaction on Friday, August 11th. The stock was purchased at an average price of $23.30 per share, for a total transaction of $46,600.00. Following the completion of the transaction, the insider now owns 30,725 shares of the company’s stock, valued at approximately $715,892.50. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider James D. Dondero acquired 12,600 shares of the stock in a transaction on Monday, August 7th. The stock was bought at an average price of $23.81 per share, with a total value of $300,006.00. Following the transaction, the insider now directly owns 5,202 shares of the company’s stock, valued at approximately $123,859.62. The disclosure for this purchase can be found here. Insiders acquired 57,500 shares of company stock valued at $1,387,418 in the last quarter.

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in NexPoint Residential Trust by 7.1% in the first quarter. Vanguard Group Inc. now owns 2,015,961 shares of the company’s stock valued at $48,706,000 after purchasing an additional 134,077 shares during the last quarter. Renaissance Technologies LLC lifted its position in NexPoint Residential Trust by 19.8% in the second quarter. Renaissance Technologies LLC now owns 780,100 shares of the company’s stock valued at $19,417,000 after purchasing an additional 129,000 shares during the last quarter. State Street Corp lifted its position in NexPoint Residential Trust by 4.9% in the second quarter. State Street Corp now owns 548,705 shares of the company’s stock valued at $13,653,000 after purchasing an additional 25,552 shares during the last quarter. Numeric Investors LLC lifted its position in NexPoint Residential Trust by 61.0% in the second quarter. Numeric Investors LLC now owns 547,597 shares of the company’s stock valued at $13,630,000 after purchasing an additional 207,460 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in NexPoint Residential Trust by 44.7% in the second quarter. Principal Financial Group Inc. now owns 300,434 shares of the company’s stock valued at $7,478,000 after purchasing an additional 92,818 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.

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