At the time of writing, NexPoint Residential Trust Inc [NXRT] stock is trading at $47.30, down -0.32%. An important factor to consider is whether the stock is rising or falling in short-term value. The NXRT shares have gain 3.59% over the last week, with a monthly amount glided 6.65%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
NexPoint Residential Trust Inc [NYSE: NXRT] stock has seen the most recent analyst activity on May 24, 2024, when Raymond James upgraded its rating to a Mkt Perform. Previously, Raymond James downgraded its rating to Underperform on March 18, 2024. On January 30, 2024, Deutsche Bank initiated with a Buy rating and assigned a price target of $38 on the stock. Janney downgraded its rating to a Neutral but stick to its price target of $36 on December 20, 2023. Credit Suisse downgraded its rating to a Neutral but $47 remained the price target by the analyst firm on January 09, 2023. Jefferies downgraded its rating to Hold for this stock on October 19, 2022, and downed its price target to $45. In a note dated September 20, 2022, JMP Securities initiated an Mkt Outperform rating and provided a target price of $70 on this stock.
For the past year, the stock price of NexPoint Residential Trust Inc fluctuated between $26.21 and $47.66. Currently, Wall Street analysts expect the stock to reach $59.67 within the next 12 months. NexPoint Residential Trust Inc [NYSE: NXRT] shares were valued at $47.30 at the most recent close of the market. An investor can expect a potential return of 26.15% based on the average NXRT price forecast.
Analyzing the NXRT fundamentals
According to NexPoint Residential Trust Inc [NYSE:NXRT], the company’s sales were 270.55M for trailing twelve months, which represents an -7.66% plunge. Gross Profit Margin for this corporation currently stands at 0.38% with Operating Profit Margin at 0.37%, Pretax Profit Margin comes in at 0.41%, and Net Profit Margin reading is 0.33%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.18 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.96.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 46.64 points at the first support level, and at 45.97 for the second support level. However, for the 1st resistance point, the stock is sitting at 48.17, and for the 2nd resistance point, it is at 49.03.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 4.44, the price to book ratio is 2.45 and price to earnings (TTM) ratio is 13.99.
Transactions by insiders
Recent insider trading involved Mitts Brian, that happened on Jun 28 ’24 when 2000.0 shares were sold., Mitts Brian completed a deal on May 02 ’24 to sell 5000.0 shares. Meanwhile, CFO, EVP Finance, Secy & Treas Mitts Brian sold 5000.0 shares on Jan 08 ’24.
