NexPoint Residential Trust (NXRT) Scheduled to Post Earnings on Tuesday

NexPoint Residential Trust (NYSE:NXRT) will release its earnings data before the market opens on Tuesday, April 30th. Analysts expect NexPoint Residential Trust to post earnings of $0.71 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

NexPoint Residential Trust Price Performance

Shares of NexPoint Residential Trust stock opened at $32.71 on Tuesday. The firm has a market cap of $842.94 million, a PE ratio of 19.23, a price-to-earnings-growth ratio of 0.97 and a beta of 1.28. NexPoint Residential Trust has a 12-month low of $26.21 and a 12-month high of $49.87. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 3.16. The company’s fifty day simple moving average is $30.63 and its two-hundred day simple moving average is $31.28.

NexPoint Residential Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a $0.462 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 5.65%. The ex-dividend date of this dividend was Thursday, March 14th. NexPoint Residential Trust’s dividend payout ratio (DPR) is presently 110.12%.

Analyst Ratings Changes

A number of brokerages have issued reports on NXRT. Truist Financial cut their price target on shares of NexPoint Residential Trust from $37.00 to $35.00 and set a “hold” rating on the stock in a report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft began coverage on shares of NexPoint Residential Trust in a research report on Tuesday, January 30th. They issued a “buy” rating and a $38.00 target price for the company. Raymond James cut shares of NexPoint Residential Trust from a “market perform” rating to an “underperform” rating in a research report on Monday, March 18th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $40.00 target price on shares of NexPoint Residential Trust in a research report on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $37.25.

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.