NexPoint Residential Trust Inc (NXRT) Expected to Post Quarterly Sales of $36.40 Million

Wall Street analysts expect NexPoint Residential Trust Inc (NYSE:NXRT) to post sales of $36.40 million for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for NexPoint Residential Trust’s earnings, with the lowest sales estimate coming in at $35.78 million and the highest estimate coming in at $37.17 million. NexPoint Residential Trust posted sales of $32.60 million during the same quarter last year, which suggests a positive year over year growth rate of 11.7%. The business is scheduled to issue its next earnings report on Tuesday, March 13th.

On average, analysts expect that NexPoint Residential Trust will report full-year sales of $36.40 million for the current financial year, with estimates ranging from $145.38 million to $146.49 million. For the next fiscal year, analysts anticipate that the firm will post sales of $149.49 million per share, with estimates ranging from $141.63 million to $156.54 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow NexPoint Residential Trust.

NexPoint Residential Trust (NYSE:NXRT) last issued its quarterly earnings results on Tuesday, October 31st. The financial services provider reported $2.51 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $2.14. NexPoint Residential Trust had a return on equity of 24.54% and a net margin of 40.80%.

A number of research analysts have recently commented on the company. ValuEngine cut NexPoint Residential Trust from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research cut NexPoint Residential Trust from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. BidaskClub raised NexPoint Residential Trust from a “sell” rating to a “hold” rating in a report on Friday, October 13th. Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of NexPoint Residential Trust in a report on Thursday, November 2nd. Finally, B. Riley reissued a “buy” rating and set a $28.00 price objective (up previously from $27.00) on shares of NexPoint Residential Trust in a report on Thursday, November 2nd. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. NexPoint Residential Trust presently has a consensus rating of “Buy” and a consensus price target of $28.50.

NexPoint Residential Trust (NYSE:NXRT) opened at $26.51 on Thursday. NexPoint Residential Trust has a 1 year low of $22.28 and a 1 year high of $29.40. The company has a debt-to-equity ratio of 3.09, a quick ratio of 1.72 and a current ratio of 1.72. The company has a market capitalization of $558.28 and a price-to-earnings ratio of 9.82.

In other NexPoint Residential Trust news, insider James D. Dondero purchased 10,000 shares of the stock in a transaction on Monday, December 18th. The shares were purchased at an average price of $28.50 per share, with a total value of $285,000.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider James D. Dondero purchased 1,000 shares of the stock in a transaction on Friday, January 12th. The stock was acquired at an average cost of $26.87 per share, for a total transaction of $26,870.00. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 86,553 shares of company stock worth $2,360,392. Insiders own 19.00% of the company’s stock.

Several institutional investors have recently made changes to their positions in NXRT. The Manufacturers Life Insurance Company increased its position in shares of NexPoint Residential Trust by 2.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,817 shares of the financial services provider’s stock valued at $369,000 after purchasing an additional 385 shares during the last quarter. Boothbay Fund Management LLC bought a new position in shares of NexPoint Residential Trust during the 3rd quarter valued at about $415,000. Alliancebernstein L.P. increased its position in shares of NexPoint Residential Trust by 15.1% during the 2nd quarter. Alliancebernstein L.P. now owns 17,190 shares of the financial services provider’s stock valued at $428,000 after purchasing an additional 2,260 shares during the last quarter. First Trust Advisors LP bought a new position in shares of NexPoint Residential Trust during the 3rd quarter valued at about $478,000. Finally, New York State Common Retirement Fund increased its position in shares of NexPoint Residential Trust by 30.2% during the 2nd quarter. New York State Common Retirement Fund now owns 22,968 shares of the financial services provider’s stock valued at $572,000 after purchasing an additional 5,323 shares during the last quarter. Hedge funds and other institutional investors own 56.15% of the company’s stock.

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About NexPoint Residential Trust

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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