NexPoint Residential Trust (NYSE:NXRT) updated its FY 2018 earnings guidance on Tuesday. The company provided earnings per share guidance of $1.67 for the period.
Several research firms have commented on NXRT. Boenning Scattergood lowered shares of NexPoint Residential Trust to a hold rating in a report on Tuesday. B. Riley upped their price target on shares of NexPoint Residential Trust from $30.00 to $34.00 and gave the company a buy rating in a report on Wednesday, August 1st. Zacks Investment Research raised shares of NexPoint Residential Trust from a hold rating to a buy rating and set a $34.00 price target on the stock in a report on Thursday, August 2nd. Finally, ValuEngine raised shares of NexPoint Residential Trust from a hold rating to a buy rating in a report on Tuesday, July 31st. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of Buy and an average price target of $33.75.
NYSE:NXRT traded up $1.06 during mid-day trading on Tuesday, hitting $36.09. The company’s stock had a trading volume of 24,795 shares, compared to its average volume of 91,740. NexPoint Residential Trust has a 1 year low of $23.03 and a 1 year high of $35.45. The company has a debt-to-equity ratio of 3.24, a quick ratio of 2.77 and a current ratio of 2.77. The firm has a market cap of $716.61 million, a price-to-earnings ratio of 30.69, a PEG ratio of 1.86 and a beta of 0.81.
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.
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