Zacks Investment Research downgraded NexPoint Residential Trust Inc (NASDAQ:NXRT) to Sell in a report released today.
- Updated: October 15, 2016
Zacks Investment Research has downgraded NexPoint Residential Trust Inc (NASDAQ:NXRT) to Sell in a report released on Wednesday October 12, 2016.
Yesterday NexPoint Residential Trust Inc (NASDAQ:NXRT) traded 1.43% higher at $17.81. The company’s 50-day moving average is $19.61 and its 200-day moving average is $17.31. The last stock close price is up 6.44% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 77,270 shares of the stock were exchanged, down from an average trading volume of 136,471
See Chart Below
NexPoint Residential Trust Inc has a 52 week low of $10.35 and a 52 week high of $21.47 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 2 firms have issued a report on the stock. The consensus target price is $19.75 with 2 firms rating the stock a strong buy, 0 firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
General Information About 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.