NexPoint Residential Trust Inc (NASDAQ:NXRT) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: November 30, 2016
Zacks Investment Research has upgraded NexPoint Residential Trust Inc (NASDAQ:NXRT) to Hold in a statement released on 12/1/2016.
Having a price of $19.61, NexPoint Residential Trust Inc (NASDAQ:NXRT) traded -4.34% lower on the day. With the last stock price up 5.79% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.03% over the same period. NXRT has recorded a 50-day average of $19.00 and a two hundred day average of $18.55. Trade Volume was up over the average, with 1,447,874 shares of NXRT changing hands over the typical 139,441
Recent Performance Chart
NexPoint Residential Trust Inc has with a one year low of $10.35 and a one year high of $21.47 and has a market capitalization of $0.
A total of 2 brokerages have released a report on NexPoint Residential Trust Inc. Two brokerages rating the company a strong buy, zero brokerages rating the company a buy, zero brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $19.75.
General Company Details For NexPoint Residential Trust Inc (NASDAQ:NXRT)
NexPoint Residential Trust, Inc. is an externally managed real estate investment trust (REIT). The Company is focused on multifamily investments primarily located in the Southeastern and Southwestern United States. All of the Company's business operations are conducted through NexPoint Residential Trust Operating Partnership, L.P. (the Operating Partnership). 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 capex value-add program. The Company owns approximately 40 properties representing over 13,155 units in over eight states. The Company's properties include The Miramar Apartments, Arbors on Forest Ridge, Cutter's Point, Eagle Crest, Meridian, Silverbrook, Timberglen, Toscana, The Grove at Alban, McMillan Place and Dana Point.
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