Does NexPoint Residential Trust Inc (NYSE:NXRT) Look Attractive Now? FBR Capital Initiates Coverage

January 10, 2018 - By Hazel Jackson

 Does NexPoint Residential Trust Inc (NYSE:NXRT) Look Attractive Now? FBR Capital Initiates Coverage

Why Has FBR Capital Given NexPoint Residential Trust Inc (NYSE:NXRT) a $27.0 Price Target

FBR Capital has just issued a Buy rating for NexPoint Residential Trust Inc (NYSE:NXRT) shares. The firm has started coverage on shares of NXRT in a report revealed to clients and investors on Thursday, 26 October. This price target would suggest downside of -1.10 % from the last stock price of NexPoint Residential Trust Inc (NYSE:NXRT).

NexPoint Residential Trust, Inc. (NYSE:NXRT) Ratings Coverage

Among 5 analysts covering NexPoint Residential (NYSE:NXRT), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. NexPoint Residential has $28 highest and $16.0 lowest target. $23.67’s average target is -13.30% below currents $27.3 stock price. NexPoint Residential had 10 analyst reports since October 26, 2015 according to SRatingsIntel. FBR Capital initiated the shares of NXRT in report on Thursday, October 26 with “Buy” rating. Ladenburg maintained the stock with “Buy” rating in Wednesday, August 2 report. Canaccord Genuity maintained NexPoint Residential Trust, Inc. (NYSE:NXRT) rating on Tuesday, August 1. Canaccord Genuity has “Buy” rating and $2800 target. The rating was initiated by Canaccord Genuity on Tuesday, June 28 with “Buy”. Janney Capital initiated NexPoint Residential Trust, Inc. (NYSE:NXRT) on Friday, September 8 with “Neutral” rating. Ladenburg Thalmann initiated NexPoint Residential Trust, Inc. (NYSE:NXRT) on Monday, October 26 with “Buy” rating. The stock of NexPoint Residential Trust, Inc. (NYSE:NXRT) has “Buy” rating given on Monday, May 8 by Canaccord Genuity. As per Thursday, November 2, the company rating was maintained by Ladenburg. DA Davidson initiated it with “Buy” rating and $16.0 target in Wednesday, December 23 report.

The stock decreased 1.55% or $0.43 during the last trading session, reaching $27.3. About 9,703 shares traded. NexPoint Residential Trust, Inc. (NYSE:NXRT) has 0.00% since January 10, 2017 and is . It has underperformed by 16.70% the S&P500.

Analysts await NexPoint Residential Trust, Inc. (NYSE:NXRT) to report earnings on March, 13. They expect $0.37 earnings per share, down 5.13 % or $0.02 from last year’s $0.39 per share. NXRT’s profit will be $7.82 million for 18.45 P/E if the $0.37 EPS becomes a reality. After $0.42 actual earnings per share reported by NexPoint Residential Trust, Inc. for the previous quarter, Wall Street now forecasts -11.90 % negative EPS growth.

NexPoint Residential Trust, Inc. is a real estate investment trust externally managed by NexPoint Real Estate Advisors. The company has market cap of $576.92 million. It invests in the real estate markets of United States primarily in Southeastern United States and Texas. It has a 10.06 P/E ratio. The firm focuses on directly or indirectly acquiring, owning, operating and selectively developing well-located Class A and B multifamily properties.

More notable recent NexPoint Residential Trust, Inc. (NYSE:NXRT) news were published by: which released: “NexPoint Residential Trust, Inc. Provides Update On Hurricane Irma” on September 18, 2017, also with their article: “Harvey Could Be A Catalyst For NexPoint” published on September 05, 2017, published: “NexPoint Residential Trust (NXRT) on Q2 2017 Results – Earnings Call Transcript” on August 01, 2017. More interesting news about NexPoint Residential Trust, Inc. (NYSE:NXRT) were released by: and their article: “NexPoint Residential Trust (NXRT) on Q3 2017 Results – Earnings Call Transcript” published on November 01, 2017 as well as‘s news article titled: “NexPoint Residential Trust, Inc. Announces Acquisition Of Rockledge – A …” with publication date: July 10, 2017.

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