News stories about NexPoint Residential Trust (NYSE:NXRT) have trended somewhat positive this week, Accern Sentiment reports. Accern rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. NexPoint Residential Trust earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 45.1452716083737 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
NexPoint Residential Trust (NXRT) opened at $24.61 on Tuesday. The firm has a market capitalization of $545.43, a PE ratio of 9.15, a price-to-earnings-growth ratio of 3.08 and a beta of 0.72. The company has a debt-to-equity ratio of 3.09, a current ratio of 1.72 and a quick ratio of 1.72. NexPoint Residential Trust has a 52-week low of $22.28 and a 52-week high of $29.40.
A number of analysts recently issued reports on NXRT shares. ValuEngine downgraded NexPoint Residential Trust from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. B. Riley reissued a “buy” rating and set a $28.00 price objective (up from $27.00) on shares of NexPoint Residential Trust in a research report on Thursday, November 2nd. FBR & Co reissued a “buy” rating and set a $27.00 price objective on shares of NexPoint Residential Trust in a research report on Thursday, October 26th. Zacks Investment Research downgraded NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 3rd. Finally, Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of NexPoint Residential Trust in a research report on Thursday, November 2nd. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. NexPoint Residential Trust currently has an average rating of “Buy” and an average price target of $28.50.
In other news, insider James D. Dondero bought 10,000 shares of the company’s stock in a transaction on Monday, December 18th. The stock was bought at an average cost of $28.50 per share, with a total value of $285,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, insider James D. Dondero bought 14,065 shares of the company’s stock in a transaction on Tuesday, January 9th. The stock was purchased at an average cost of $27.68 per share, with a total value of $389,319.20. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 86,553 shares of company stock valued at $2,360,392. 19.00% of the stock is currently owned by corporate insiders.
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About NexPoint Residential Trust
NexPoint Residential Trust, Inc is an externally managed real estate investment trust (REIT). 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 value-add program.
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