Analysts Anticipate NexPoint Residential Trust, Inc. (NYSE:NXRT) Will Post Quarterly Sales of $61.48 Million

Equities research analysts forecast that NexPoint Residential Trust, Inc. (NYSE:NXRTGet Rating) will post $61.48 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for NexPoint Residential Trust’s earnings. The lowest sales estimate is $60.60 million and the highest is $62.90 million. NexPoint Residential Trust reported sales of $51.80 million during the same quarter last year, which indicates a positive year over year growth rate of 18.7%. The business is expected to report its next earnings report before the market opens on Monday, January 1st.

According to Zacks, analysts expect that NexPoint Residential Trust will report full year sales of $253.00 million for the current financial year, with estimates ranging from $250.61 million to $257.30 million. For the next year, analysts anticipate that the firm will report sales of $273.77 million, with estimates ranging from $265.30 million to $286.70 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover NexPoint Residential Trust.

NexPoint Residential Trust (NYSE:NXRTGet Rating) last posted its earnings results on Tuesday, February 15th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $0.49. NexPoint Residential Trust had a net margin of 10.56% and a return on equity of 5.43%. During the same period in the previous year, the company posted $0.63 earnings per share.

NXRT has been the subject of a number of research analyst reports. StockNews.com initiated coverage on shares of NexPoint Residential Trust in a research report on Thursday, March 31st. They set a “hold” rating for the company. Truist Financial upped their target price on shares of NexPoint Residential Trust from $79.00 to $87.00 in a report on Tuesday, January 18th. Colliers Securities began coverage on shares of NexPoint Residential Trust in a report on Wednesday, January 19th. They set a “buy” rating and a $92.00 target price for the company. Raymond James upped their target price on shares of NexPoint Residential Trust from $67.00 to $95.00 and gave the stock an “outperform” rating in a report on Tuesday, February 22nd. Finally, Zacks Investment Research lowered shares of NexPoint Residential Trust from a “strong-buy” rating to a “hold” rating in a report on Saturday, April 9th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $90.50.

NYSE:NXRT traded down $1.17 during trading hours on Monday, reaching $85.88. 69,985 shares of the company were exchanged, compared to its average volume of 107,911. The company has a debt-to-equity ratio of 3.31, a quick ratio of 3.31 and a current ratio of 3.31. The stock has a 50-day moving average of $86.62. The firm has a market cap of $2.21 billion, a price-to-earnings ratio of 97.59, a PEG ratio of 3.48 and a beta of 1.01. NexPoint Residential Trust has a twelve month low of $47.91 and a twelve month high of $92.82.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Tuesday, March 15th were given a $0.38 dividend. The ex-dividend date was Monday, March 14th. This represents a $1.52 dividend on an annualized basis and a yield of 1.77%. NexPoint Residential Trust’s payout ratio is currently 172.73%.

In other news, CFO Brian Mitts sold 1,100 shares of the stock in a transaction dated Tuesday, March 29th. The shares were sold at an average price of $90.80, for a total transaction of $99,880.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 12.20% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. National Bank of Canada FI purchased a new position in NexPoint Residential Trust in the fourth quarter valued at approximately $25,000. Point72 Hong Kong Ltd purchased a new position in shares of NexPoint Residential Trust during the third quarter worth approximately $26,000. Huntington National Bank grew its position in shares of NexPoint Residential Trust by 28.4% during the fourth quarter. Huntington National Bank now owns 655 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 145 shares during the last quarter. Van ECK Associates Corp grew its position in shares of NexPoint Residential Trust by 15.6% during the third quarter. Van ECK Associates Corp now owns 1,038 shares of the financial services provider’s stock worth $64,000 after acquiring an additional 140 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of NexPoint Residential Trust during the third quarter worth approximately $183,000. 76.81% of the stock is currently owned by hedge funds and other institutional investors.

NexPoint Residential Trust Company Profile (Get Rating)

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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