NexPoint Residential Trust, Inc. (NYSE:NXRT) – DA Davidson lifted their Q2 2018 earnings per share (EPS) estimates for NexPoint Residential Trust in a research report issued on Monday. DA Davidson analyst J. Lykins now expects that the financial services provider will post earnings per share of $0.41 for the quarter, up from their prior forecast of $0.40. DA Davidson also issued estimates for NexPoint Residential Trust’s Q3 2018 earnings at $0.43 EPS, Q4 2018 earnings at $0.45 EPS and FY2018 earnings at $1.68 EPS.

A number of other equities analysts also recently commented on the stock. ValuEngine downgraded shares of NexPoint Residential Trust from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research downgraded shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research note on Friday, November 3rd. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of NexPoint Residential Trust in a research note on Thursday, November 2nd. B. Riley reaffirmed a “buy” rating and set a $28.00 target price (up from $27.00) on shares of NexPoint Residential Trust in a research note on Thursday, November 2nd. Finally, FBR & Co reaffirmed a “buy” rating and set a $27.00 target price on shares of NexPoint Residential Trust in a research note on Thursday, October 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $27.75.

Shares of NexPoint Residential Trust (NXRT) traded down $0.25 during mid-day trading on Tuesday, reaching $27.54. 141,700 shares of the company’s stock were exchanged, compared to its average volume of 78,467. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 3.09. NexPoint Residential Trust has a one year low of $20.18 and a one year high of $29.28. The stock has a market capitalization of $585.24, a P/E ratio of 17.59, a PEG ratio of 4.79 and a beta of 0.93.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Susquehanna International Group LLP increased its position in shares of NexPoint Residential Trust by 58.7% during the third quarter. Susquehanna International Group LLP now owns 30,279 shares of the financial services provider’s stock valued at $719,000 after acquiring an additional 11,197 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of NexPoint Residential Trust by 36.2% during the third quarter. Public Employees Retirement System of Ohio now owns 26,317 shares of the financial services provider’s stock valued at $625,000 after acquiring an additional 6,988 shares during the last quarter. GSA Capital Partners LLP increased its position in shares of NexPoint Residential Trust by 23.0% during the third quarter. GSA Capital Partners LLP now owns 40,587 shares of the financial services provider’s stock valued at $963,000 after acquiring an additional 7,600 shares during the last quarter. California Public Employees Retirement System increased its position in shares of NexPoint Residential Trust by 11.4% during the third quarter. California Public Employees Retirement System now owns 34,210 shares of the financial services provider’s stock valued at $812,000 after acquiring an additional 3,510 shares during the last quarter. Finally, Boothbay Fund Management LLC acquired a new stake in shares of NexPoint Residential Trust during the third quarter valued at about $415,000. Institutional investors and hedge funds own 56.62% of the company’s stock.

In related news, insider James D. Dondero purchased 1,100 shares of the company’s stock in a transaction on Tuesday, October 10th. The stock was acquired at an average cost of $23.37 per share, for a total transaction of $25,707.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 19.00% of the stock is owned by company insiders.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, December 14th. This is a boost from NexPoint Residential Trust’s previous quarterly dividend of $0.22. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.63%. NexPoint Residential Trust’s dividend payout ratio (DPR) is currently 32.71%.

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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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