NexPoint Residential Trust Inc Receives a Buy from Jefferies


In a report released yesterday, Omotayo Okusanya from Jefferies reiterated a Buy rating on NexPoint Residential Trust Inc (NYSE: NXRT), with a price target of $34. The company’s shares closed yesterday at $27.91.

According to TipRanks.com, Okusanya is a 4-star analyst with an average return of 7.5% and a 60.8% success rate. Okusanya covers the Financial sector, focusing on stocks such as Easterly Government Properties, DCT Industrial Trust Inc, and Office Properties Trust.

Currently, the analyst consensus on NexPoint Residential Trust Inc is a Moderate Buy with an average price target of $32.

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NexPoint Residential Trust Inc’s market cap is currently $584.1M and has a P/E ratio of 8.97. The company has a Price to Book ratio of 2.36.

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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.

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