Wall Street brokerages forecast that NexPoint Residential Trust Inc (NYSE:NXRT) will report earnings of $0.69 per share for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for NexPoint Residential Trust’s earnings. NexPoint Residential Trust posted earnings of $0.53 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 30.2%. The business is scheduled to announce its next quarterly earnings results on Tuesday, August 4th.
On average, analysts expect that NexPoint Residential Trust will report full-year earnings of $2.11 per share for the current year, with EPS estimates ranging from $1.94 to $2.28. For the next year, analysts expect that the business will post earnings of $2.15 per share, with EPS estimates ranging from $1.99 to $2.30. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for NexPoint Residential Trust.
NexPoint Residential Trust (NYSE:NXRT) last announced its earnings results on Thursday, May 7th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.49. The business had revenue of $52.60 million during the quarter, compared to analysts’ expectations of $52.97 million. NexPoint Residential Trust had a net margin of 68.44% and a return on equity of 34.85%.
NXRT has been the subject of a number of recent analyst reports. ValuEngine cut shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research report on Thursday, April 30th. Zacks Investment Research cut shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research report on Friday, May 29th. SunTrust Banks lowered their price objective on shares of NexPoint Residential Trust from $39.00 to $30.00 and set a “hold” rating for the company in a research report on Thursday, April 2nd. Finally, Raymond James upgraded shares of NexPoint Residential Trust from an “outperform” rating to a “strong-buy” rating and set a $37.00 price objective for the company in a research report on Monday, May 18th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $40.75.
In other NexPoint Residential Trust news, President James D. Dondero purchased 94,500 shares of the stock in a transaction dated Friday, April 3rd. The stock was bought at an average price of $21.81 per share, for a total transaction of $2,061,045.00. Following the transaction, the president now directly owns 149,453 shares in the company, valued at $3,259,569.93. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 11.60% of the stock is owned by insiders.
Several large investors have recently modified their holdings of NXRT. Ameritas Investment Company LLC acquired a new stake in shares of NexPoint Residential Trust during the 1st quarter worth approximately $35,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in NexPoint Residential Trust by 44.6% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,550 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 478 shares during the last quarter. Acadian Asset Management LLC bought a new position in NexPoint Residential Trust during the 4th quarter worth approximately $40,000. Capital Analysts LLC boosted its stake in NexPoint Residential Trust by 112.9% during the 4th quarter. Capital Analysts LLC now owns 1,005 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 533 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in NexPoint Residential Trust by 324.7% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,771 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 1,354 shares during the last quarter. Institutional investors own 80.12% of the company’s stock.
Shares of NexPoint Residential Trust stock traded up $0.99 during mid-day trading on Thursday, reaching $35.35. 275,523 shares of the stock were exchanged, compared to its average volume of 304,820. The company has a market cap of $840.78 million, a price-to-earnings ratio of 6.52 and a beta of 1.05. The company has a current ratio of 4.61, a quick ratio of 4.61 and a debt-to-equity ratio of 3.49. The firm has a 50-day simple moving average of $33.28 and a 200 day simple moving average of $38.30. NexPoint Residential Trust has a fifty-two week low of $21.06 and a fifty-two week high of $52.87.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a dividend yield of 3.54%. The ex-dividend date is Friday, June 12th. NexPoint Residential Trust’s dividend payout ratio is 56.82%.
NexPoint Residential Trust Company Profile
NexPoint Residential Trust is a publicly traded REIT, with its shares listed on the New York Stock Exchange under the symbol "NXRT," primarily focused on acquiring, owning and operating well-located middle-income multifamily properties with "value-add" potential in large cities and suburban submarkets of large cities, primarily in the Southeastern and Southwestern United States.
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