Analysts expect NexPoint Residential Trust Inc (NYSE:NXRT) to post sales of $43.73 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for NexPoint Residential Trust’s earnings. The lowest sales estimate is $42.80 million and the highest is $44.54 million. NexPoint Residential Trust reported sales of $36.50 million during the same quarter last year, which would suggest a positive year over year growth rate of 19.8%. The firm is scheduled to announce its next quarterly earnings results before the market opens on Tuesday, October 29th.
On average, analysts expect that NexPoint Residential Trust will report full year sales of $172.02 million for the current year, with estimates ranging from $171.10 million to $173.03 million. For the next financial year, analysts forecast that the firm will report sales of $181.99 million, with estimates ranging from $176.09 million to $187.24 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover NexPoint Residential Trust.
NexPoint Residential Trust (NYSE:NXRT) last announced its quarterly earnings results on Tuesday, July 30th. The financial services provider reported ($0.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.54). The company had revenue of $43.07 million during the quarter, compared to analysts’ expectations of $43.05 million. NexPoint Residential Trust had a negative net margin of 10.21% and a negative return on equity of 6.07%.
Several equities analysts have commented on NXRT shares. Zacks Investment Research upgraded shares of NexPoint Residential Trust from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research note on Tuesday, September 17th. Raymond James increased their price objective on NexPoint Residential Trust to $51.00 and gave the company a “strong-buy” rating in a report on Monday, August 19th. Robert W. Baird began coverage on NexPoint Residential Trust in a report on Friday, September 20th. They issued an “outperform” rating and a $50.00 price objective for the company. Finally, Compass Point raised NexPoint Residential Trust from a “neutral” rating to a “buy” rating and set a $46.50 price objective for the company in a report on Wednesday, July 31st. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $47.42.
In other news, insider James D. Dondero acquired 500,000 shares of the firm’s stock in a transaction dated Tuesday, July 23rd. The stock was acquired at an average cost of $41.19 per share, with a total value of $20,595,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 21.49% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in shares of NexPoint Residential Trust by 12.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 248,144 shares of the financial services provider’s stock worth $8,697,000 after purchasing an additional 26,759 shares during the period. SG Americas Securities LLC acquired a new stake in shares of NexPoint Residential Trust during the first quarter worth $166,000. Rhumbline Advisers lifted its holdings in shares of NexPoint Residential Trust by 4.8% during the first quarter. Rhumbline Advisers now owns 28,789 shares of the financial services provider’s stock worth $1,104,000 after purchasing an additional 1,331 shares during the period. New York State Common Retirement Fund lifted its holdings in shares of NexPoint Residential Trust by 37.6% during the first quarter. New York State Common Retirement Fund now owns 160,566 shares of the financial services provider’s stock worth $6,156,000 after purchasing an additional 43,917 shares during the period. Finally, JMG Financial Group Ltd. acquired a new stake in shares of NexPoint Residential Trust during the first quarter worth $209,000. 72.09% of the stock is owned by institutional investors and hedge funds.
NexPoint Residential Trust stock traded down $0.34 during mid-day trading on Friday, hitting $46.76. The company had a trading volume of 90,900 shares, compared to its average volume of 90,916. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 24.87, a PEG ratio of 2.53 and a beta of 0.39. NexPoint Residential Trust has a 1 year low of $32.25 and a 1 year high of $47.97. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 3.60. The business has a fifty day moving average of $46.25 and a 200 day moving average of $41.30.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend is Thursday, September 12th. NexPoint Residential Trust’s payout ratio is currently 58.51%.
About NexPoint Residential Trust
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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