NexPoint Residential Trust, Inc. (NYSE:NXRT) Short Interest Up 16.3% in January

NexPoint Residential Trust, Inc. (NYSE:NXRT) was the recipient of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 363,400 shares, a growth of 16.3% from the January 15th total of 312,500 shares. Approximately 1.7% of the company’s shares are sold short. Based on an average daily trading volume, of 111,300 shares, the short-interest ratio is currently 3.3 days.

Wall Street Analysts Forecast Growth

NXRT has been the topic of a number of analyst reports. Raymond James upgraded NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 price target on the stock in a research report on Monday, October 21st. StockNews.com downgraded NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, NexPoint Residential Trust currently has an average rating of “Hold” and an average target price of $49.00.

NexPoint Residential Trust Trading Down 1.2 %

Shares of NYSE:NXRT traded down $0.49 during midday trading on Monday, reaching $40.17. The company’s stock had a trading volume of 76,190 shares, compared to its average volume of 88,611. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 22.95, a PEG ratio of 2.40 and a beta of 1.42. The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.79 and a current ratio of 1.79. The firm has a 50 day moving average price of $40.83 and a two-hundred day moving average price of $43.39. NexPoint Residential Trust has a fifty-two week low of $28.20 and a fifty-two week high of $48.37.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Nexpoint Asset Management L.P. raised its stake in NexPoint Residential Trust by 100.0% during the 4th quarter. Nexpoint Asset Management L.P. now owns 1,562,753 shares of the financial services provider’s stock worth $65,245,000 after buying an additional 781,266 shares during the period. Copeland Capital Management LLC raised its stake in NexPoint Residential Trust by 0.9% during the 4th quarter. Copeland Capital Management LLC now owns 909,758 shares of the financial services provider’s stock worth $37,982,000 after buying an additional 8,072 shares during the period. Geode Capital Management LLC raised its stake in NexPoint Residential Trust by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 576,084 shares of the financial services provider’s stock worth $25,358,000 after buying an additional 2,740 shares during the period. Northern Trust Corp raised its stake in NexPoint Residential Trust by 18.6% during the 4th quarter. Northern Trust Corp now owns 435,981 shares of the financial services provider’s stock worth $18,202,000 after buying an additional 68,471 shares during the period. Finally, Deutsche Bank AG raised its stake in NexPoint Residential Trust by 2.6% during the 4th quarter. Deutsche Bank AG now owns 381,537 shares of the financial services provider’s stock worth $15,929,000 after buying an additional 9,754 shares during the period. 76.61% of the stock is owned by institutional investors and hedge funds.

About NexPoint Residential Trust

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.