NexPoint Residential Trust Inc (NASDAQ:NXRT) – Equities research analysts at DA Davidson cut their FY2017 EPS estimates for shares of NexPoint Residential Trust in a report released on Wednesday. DA Davidson analyst J. Lykins now forecasts that the company will post earnings of $1.16 per share for the year, down from their previous estimate of $1.18. DA Davidson also issued estimates for NexPoint Residential Trust’s Q2 2018 earnings at $0.40 EPS and Q3 2018 earnings at $0.42 EPS.

NexPoint Residential Trust (NASDAQ:NXRT) last announced its quarterly earnings results on Tuesday, August 1st. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). NexPoint Residential Trust had a net margin of 28.18% and a return on equity of 14.15%. The company had revenue of $35.23 million during the quarter, compared to analysts’ expectations of $35.95 million. During the same period last year, the firm earned $0.37 earnings per share. NexPoint Residential Trust’s revenue was up 4.7% on a year-over-year basis.

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Several other research analysts have also weighed in on NXRT. Zacks Investment Research raised shares of NexPoint Residential Trust from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Wednesday, July 5th. Canaccord Genuity set a $28.00 price objective on shares of NexPoint Residential Trust and gave the stock a “buy” rating in a report on Tuesday, August 1st. Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of NexPoint Residential Trust in a report on Wednesday, August 2nd. Janney Montgomery Scott initiated coverage on shares of NexPoint Residential Trust in a report on Friday, September 8th. They set a “neutral” rating for the company. Finally, BidaskClub raised shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a report on Tuesday, September 12th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $27.75.

Several hedge funds and other institutional investors have recently bought and sold shares of NXRT. Bank of New York Mellon Corp boosted its holdings in shares of NexPoint Residential Trust by 6.6% in the 1st quarter. Bank of New York Mellon Corp now owns 178,040 shares of the company’s stock valued at $4,302,000 after buying an additional 10,959 shares during the period. Ameriprise Financial Inc. lifted its position in NexPoint Residential Trust by 66.8% in the 1st quarter. Ameriprise Financial Inc. now owns 24,048 shares of the company’s stock valued at $581,000 after purchasing an additional 9,630 shares during the last quarter. Parametric Portfolio Associates LLC lifted its position in NexPoint Residential Trust by 6.9% in the 1st quarter. Parametric Portfolio Associates LLC now owns 28,050 shares of the company’s stock valued at $678,000 after purchasing an additional 1,807 shares during the last quarter. American International Group Inc. lifted its position in NexPoint Residential Trust by 7.1% in the 1st quarter. American International Group Inc. now owns 11,059 shares of the company’s stock valued at $267,000 after purchasing an additional 731 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its position in NexPoint Residential Trust by 17.6% in the 1st quarter. Alliancebernstein L.P. now owns 14,930 shares of the company’s stock valued at $361,000 after purchasing an additional 2,230 shares during the last quarter.

In other NexPoint Residential Trust news, insider James D. Dondero purchased 1,100 shares of the firm’s stock in a transaction dated Tuesday, October 10th. The stock was acquired at an average cost of $23.37 per share, with a total value of $25,707.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider James D. Dondero purchased 12,600 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was acquired at an average cost of $23.81 per share, with a total value of $300,006.00. Following the completion of the acquisition, the insider now directly owns 5,202 shares in the company, valued at approximately $123,859.62. The disclosure for this purchase can be found here. Insiders bought a total of 16,700 shares of company stock valued at $395,793 over the last ninety days.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a $0.25 dividend. The ex-dividend date is Thursday, December 14th. This is a positive change from NexPoint Residential Trust’s previous quarterly dividend of $0.22. This represents a $1.00 annualized dividend and a dividend yield of 4.21%.

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.

Earnings History and Estimates for NexPoint Residential Trust (NASDAQ:NXRT)

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