NexPoint Residential Trust, Inc. (NYSE:NXRT) Sees Large Increase in Short Interest

NexPoint Residential Trust, Inc. (NYSE:NXRT) saw a significant growth in short interest in 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. Based on an average trading volume of 111,300 shares, the short-interest ratio is presently 3.3 days. Approximately 1.7% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. StockNews.com lowered NexPoint Residential Trust from a “hold” rating to a “sell” rating in a report on Thursday. Raymond James raised NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 price objective for the company in a report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, NexPoint Residential Trust has a consensus rating of “Hold” and a consensus target price of $49.00.

Hedge Funds Weigh In On NexPoint Residential Trust

Several institutional investors and hedge funds have recently bought and sold shares of NXRT. Deutsche Bank AG lifted its position in shares of NexPoint Residential Trust by 2.6% in the fourth quarter. Deutsche Bank AG now owns 381,537 shares of the financial services provider’s stock valued at $15,929,000 after acquiring an additional 9,754 shares in the last quarter. Deprince Race & Zollo Inc. purchased a new position in shares of NexPoint Residential Trust in the fourth quarter valued at about $2,482,000. BROOKFIELD Corp ON purchased a new position in shares of NexPoint Residential Trust in the fourth quarter valued at about $3,863,000. Bank of America Corp DE lifted its position in shares of NexPoint Residential Trust by 87.1% in the fourth quarter. Bank of America Corp DE now owns 102,499 shares of the financial services provider’s stock valued at $4,279,000 after acquiring an additional 47,714 shares in the last quarter. Finally, Algert Global LLC lifted its position in shares of NexPoint Residential Trust by 10.7% in the fourth quarter. Algert Global LLC now owns 72,245 shares of the financial services provider’s stock valued at $3,016,000 after acquiring an additional 6,972 shares in the last quarter. 76.61% of the stock is currently owned by hedge funds and other institutional investors.

NexPoint Residential Trust Stock Performance

NYSE NXRT traded down $0.49 on Monday, hitting $40.17. 76,190 shares of the company traded hands, compared to its average volume of 88,611. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 22.95, a P/E/G ratio of 2.40 and a beta of 1.42. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 3.25. The business’s 50 day moving average price is $40.83 and its 200-day moving average price is $43.39. NexPoint Residential Trust has a 52-week low of $28.20 and a 52-week high of $48.37.

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.