Brokerages expect that NexPoint Residential Trust Inc (NYSE:NXRT) will announce $38.84 million in sales for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for NexPoint Residential Trust’s earnings. The highest sales estimate is $39.81 million and the lowest is $37.61 million. NexPoint Residential Trust posted sales of $34.91 million in the same quarter last year, which would indicate a positive year over year growth rate of 11.3%. The firm is scheduled to report its next earnings report on Tuesday, February 12th.
On average, analysts expect that NexPoint Residential Trust will report full-year sales of $146.05 million for the current fiscal year, with estimates ranging from $144.81 million to $147.02 million. For the next fiscal year, analysts anticipate that the business will report sales of $159.67 million, with estimates ranging from $153.47 million to $163.51 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover NexPoint Residential Trust.
NexPoint Residential Trust (NYSE:NXRT) last posted its quarterly earnings data on Tuesday, October 30th. The financial services provider reported ($0.25) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.69). NexPoint Residential Trust had a negative net margin of 0.82% and a negative return on equity of 0.49%. The business had revenue of $36.50 million during the quarter, compared to analysts’ expectations of $36.04 million.
Several research firms have recently commented on NXRT. B. Riley raised their price objective on shares of NexPoint Residential Trust from $30.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, August 1st. Zacks Investment Research raised shares of NexPoint Residential Trust from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research note on Saturday, November 3rd. ValuEngine raised shares of NexPoint Residential Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, July 31st. Finally, Boenning Scattergood cut shares of NexPoint Residential Trust from an “outperform” rating to a “hold” rating in a report on Tuesday, October 30th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. NexPoint Residential Trust presently has a consensus rating of “Buy” and an average target price of $35.50.
NYSE NXRT opened at $33.99 on Friday. The company has a quick ratio of 2.77, a current ratio of 0.98 and a debt-to-equity ratio of 3.83. NexPoint Residential Trust has a one year low of $23.03 and a one year high of $38.17. The company has a market capitalization of $671.96 million, a PE ratio of 29.05, a price-to-earnings-growth ratio of 1.75 and a beta of 0.59.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Monday, December 17th will be issued a $0.275 dividend. This is a boost from NexPoint Residential Trust’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, December 14th. This represents a $1.10 annualized dividend and a yield of 3.24%. NexPoint Residential Trust’s dividend payout ratio (DPR) is 85.47%.
Large investors have recently modified their holdings of the stock. Harvest Fund Management Co. Ltd acquired a new stake in NexPoint Residential Trust in the third quarter valued at approximately $121,000. Ladenburg Thalmann Financial Services Inc. raised its holdings in NexPoint Residential Trust by 68.6% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,778 shares of the financial services provider’s stock valued at $118,000 after acquiring an additional 1,944 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in NexPoint Residential Trust in the third quarter valued at approximately $174,000. Commonwealth Equity Services LLC acquired a new stake in NexPoint Residential Trust in the second quarter valued at approximately $214,000. Finally, OMERS ADMINISTRATION Corp acquired a new stake in NexPoint Residential Trust in the second quarter valued at approximately $233,000. 61.27% of the stock is currently owned by hedge funds and other institutional investors.
NexPoint Residential Trust Company Profile
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.
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