Analysts Anticipate NexPoint Residential Trust, Inc. (NXRT) to Post $0.36 Earnings Per Share
Equities research analysts predict that NexPoint Residential Trust, Inc. (NYSE:NXRT) will post earnings per share of $0.36 for the current quarter, Zacks reports. Three analysts have provided estimates for NexPoint Residential Trust’s earnings, with estimates ranging from $0.35 to $0.37. NexPoint Residential Trust reported earnings per share of $0.01 in the same quarter last year, which suggests a positive year over year growth rate of 3,500%. The business is scheduled to announce its next quarterly earnings results on Tuesday, March 13th.
According to Zacks, analysts expect that NexPoint Residential Trust will report full year earnings of $1.18 per share for the current fiscal year, with EPS estimates ranging from $1.15 to $1.21. For the next year, analysts anticipate that the firm will report earnings of $1.63 per share, with EPS estimates ranging from $1.57 to $1.73. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that cover NexPoint Residential Trust.
A number of brokerages have weighed in on NXRT. BidaskClub lowered shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Janney Montgomery Scott assumed coverage on shares of NexPoint Residential Trust in a research report on Friday, September 8th. They issued a “neutral” rating on the stock. FBR & Co reissued a “buy” rating and issued a $27.00 price objective on shares of NexPoint Residential Trust in a research report on Thursday, October 26th. Finally, B. Riley boosted their price objective on shares of NexPoint Residential Trust from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $27.67.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date of this dividend is Thursday, December 14th. This is a positive change from NexPoint Residential Trust’s previous quarterly dividend of $0.22. NexPoint Residential Trust’s payout ratio is currently 32.71%.
NexPoint Residential Trust Company Profile
NexPoint Residential Trust, Inc is an externally managed real estate investment trust (REIT). The Company’s investment objectives are to maximize the cash flow and value of properties owned, acquire properties with cash flow growth potential, provide quarterly cash distributions and achieve long-term capital appreciation for its stockholders through targeted management and a value-add program.
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