Analysts Expect NexPoint Residential Trust, Inc. (NYSE:NXRT) to Post $0.87 Earnings Per Share

Analysts expect that NexPoint Residential Trust, Inc. (NYSE:NXRT – Get Rating) will announce earnings of $0.87 per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for NexPoint Residential Trust’s earnings. NexPoint Residential Trust reported earnings of $0.65 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 33.8%. The company is expected to issue its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that NexPoint Residential Trust will report full year earnings of $3.42 per share for the current fiscal year. For the next fiscal year, analysts forecast that the business will report earnings of $3.70 per share. Zacks’ EPS averages are an average based on a survey of research firms that follow NexPoint Residential Trust.

NexPoint Residential Trust (NYSE:NXRT – Get Rating) last issued its quarterly earnings data on Tuesday, February 15th. The financial services provider reported $0.26 earnings per share for the quarter, topping the consensus estimate of ($0.23) by $0.49. NexPoint Residential Trust had a net margin of 11.12% and a return on equity of 5.65%. During the same period in the previous year, the firm posted $0.63 EPS.

Several equities analysts have recently weighed in on NXRT shares. StockNews.com started coverage on shares of NexPoint Residential Trust in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. BTIG Research started coverage on shares of NexPoint Residential Trust in a research note on Monday, May 9th. They issued a “neutral” rating on the stock. Raymond James increased their price objective on shares of NexPoint Residential Trust from $67.00 to $95.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 22nd. Finally, Zacks Investment Research cut shares of NexPoint Residential Trust from a “strong-buy” rating to a “hold” rating in a research note on Saturday, April 9th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $90.50.

Shares of NYSE:NXRT traded down $0.13 during trading on Friday, hitting $70.99. The company’s stock had a trading volume of 159,148 shares, compared to its average volume of 116,902. The company has a 50-day moving average of $84.78 and a 200-day moving average of $81.71. NexPoint Residential Trust has a 12 month low of $49.81 and a 12 month high of $95.04. The company has a debt-to-equity ratio of 3.14, a current ratio of 6.09 and a quick ratio of 6.10. The firm has a market cap of $1.82 billion, a price-to-earnings ratio of 73.19, a P/E/G ratio of 2.89 and a beta of 0.96.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Wednesday, June 15th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.14%. The ex-dividend date is Tuesday, June 14th. NexPoint Residential Trust’s dividend payout ratio is 156.70%.

In related news, CFO Brian Mitts sold 1,100 shares of the stock in a transaction that occurred on Tuesday, March 29th. The shares were sold at an average price of $90.80, for a total value of $99,880.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 12.69% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in NXRT. First Trust Advisors LP lifted its stake in NexPoint Residential Trust by 991.4% in the 4th quarter. First Trust Advisors LP now owns 48,391 shares of the financial services provider’s stock worth $4,057,000 after purchasing an additional 43,957 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in NexPoint Residential Trust by 1.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 104,149 shares of the financial services provider’s stock worth $8,731,000 after purchasing an additional 1,780 shares in the last quarter. Victory Capital Management Inc. lifted its stake in NexPoint Residential Trust by 21.0% in the 4th quarter. Victory Capital Management Inc. now owns 29,253 shares of the financial services provider’s stock worth $2,452,000 after purchasing an additional 5,072 shares in the last quarter. Mutual of America Capital Management LLC lifted its stake in NexPoint Residential Trust by 42.6% in the 3rd quarter. Mutual of America Capital Management LLC now owns 66,945 shares of the financial services provider’s stock worth $4,143,000 after purchasing an additional 20,009 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC purchased a new stake in NexPoint Residential Trust in the 4th quarter worth $275,000. 77.47% 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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