In a report released today, David Toti from Colliers Securities reiterated a Buy rating on NexPoint Residential (NXRT – Research Report), with a price target of $98.00. The company’s shares closed last Tuesday at $81.59, close to its 52-week high of $84.54.
According to TipRanks.com, Toti is a 3-star analyst with an average return of 4.8% and a 60.3% success rate. Toti covers the Financial sector, focusing on stocks such as National Retail Properties, Mid-America Apartment, and Community Healthcare.
Currently, the analyst consensus on NexPoint Residential is a Moderate Buy with an average price target of $87.67.
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NexPoint Residential’s market cap is currently $1.99B and has a P/E ratio of -102.84.
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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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