B.Riley FBR Remains a Buy on NexPoint Residential Trust Inc (NXRT)
In a report released today, Craig Kucera from B.Riley FBR maintained a Buy rating on NexPoint Residential Trust Inc (NXRT), with a price target of $41. The company’s shares opened today at $37.85, close to its 52-week high of $38.70.
According to TipRanks.com, Kucera is a 4-star analyst with an average return of 5.9% and a 67.7% success rate. Kucera covers the Financial sector, focusing on stocks such as Consolidated-Tomoka Land Co, National Retail Properties, and Independence Realty.
NexPoint Residential Trust Inc has an analyst consensus of Strong Buy, with a price target consensus of $40.75, a 7.7% upside from current levels. In a report issued on February 6, Raymond James also initiated coverage with a Buy rating on the stock with a $41 price target.
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The company has a one-year high of $38.70 and a one-year low of $23.38. Currently, NexPoint Residential Trust Inc has an average volume of 114.2K.
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NexPoint Residential Trust, Inc. engages in the acquisition, management, and disposition of multifamily assets. It also focuses on providing lifestyle amenities and upgraded living spaces to low and moderate income renters in the Southeastern United States and Texas. The company was founded on September 19, 2014 and is headquartered in Dallas, TX.