Nexpoint Residential Trust Incorporated (NYSE:NXRT) Could Improve Your Long Portfolio After Less Shorts Reported

July 18, 2017 - By Vivian Currie

 Nexpoint Residential Trust Incorporated (NYSE:NXRT) Could Improve Your Long Portfolio After Less Shorts Reported

The stock of Nexpoint Residential Trust Incorporated (NYSE:NXRT) registered a decrease of 18.71% in short interest. NXRT’s total short interest was 274,200 shares in July as published by FINRA. Its down 18.71% from 337,300 shares, reported previously. With 65,700 shares average volume, it will take short sellers 4 days to cover their NXRT’s short positions.

The stock increased 1.78% or $0.44 on July 17, reaching $25.2. About shares traded. NexPoint Residential Trust Inc (NYSE:NXRT) has 0.00% since July 18, 2016 and is . It has underperformed by 16.70% the S&P500.

NexPoint Residential Trust, Inc. is an externally managed real estate investment trust . The company has market cap of $539.72 million. 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. It has a 29.47 P/E ratio. The Firm is focused on multifamily investments primarily located in the Southeastern and Southwestern United States.

NexPoint Residential Trust Inc (NYSE:NXRT) Ratings Coverage

Among 3 analysts covering NexPoint Residential (NYSE:NXRT), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. NexPoint Residential had 4 analyst reports since October 26, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Monday, October 26 by Ladenburg Thalmann. The rating was initiated by DA Davidson with “Buy” on Wednesday, December 23. Canaccord Genuity initiated the shares of NXRT in report on Tuesday, June 28 with “Buy” rating. The stock of NexPoint Residential Trust Inc (NYSE:NXRT) has “Buy” rating given on Monday, May 8 by Canaccord Genuity.

More notable recent NexPoint Residential Trust Inc (NYSE:NXRT) news were published by: Seekingalpha.com which released: “NexPoint Residential Trust Inc: New, Funky, Fabulous?” on October 02, 2015, also Seekingalpha.com with their article: “NexPoint Residential Trust (NXRT) Management on Q1 2017 Results – Earnings …” published on May 02, 2017, Businesswire.com published: “NexPoint Credit Strategies Fund Completes Spin-Off of NexPoint Residential …” on March 31, 2015. More interesting news about NexPoint Residential Trust Inc (NYSE:NXRT) were released by: Seekingalpha.com and their article: “NexPoint’s Hidden Value” published on April 05, 2016 as well as Quotes.Wsj.com‘s news article titled: “NexPoint Residential Trust Inc.” with publication date: March 20, 2015.

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