NexPoint Residential Trust (NYSE:NXRT) updated its FY19 earnings guidance on Wednesday. The company provided earnings per share guidance of $1.92 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.88.
Several brokerages recently commented on NXRT. Zacks Investment Research cut NexPoint Residential Trust from a buy rating to a hold rating in a research report on Thursday, August 1st. Boenning Scattergood reissued a hold rating on shares of NexPoint Residential Trust in a report on Wednesday, May 1st. LADENBURG THALM/SH SH boosted their price objective on NexPoint Residential Trust from $41.50 to $44.00 and gave the stock a buy rating in a report on Friday, May 31st. Raymond James raised NexPoint Residential Trust from an outperform rating to a strong-buy rating and boosted their price objective for the stock from $41.00 to $44.00 in a report on Friday, May 3rd. Finally, Compass Point raised NexPoint Residential Trust from a neutral rating to a buy rating and set a $46.50 price objective for the company in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $43.08.
NXRT opened at $45.87 on Wednesday. The company has a debt-to-equity ratio of 3.60, a quick ratio of 2.12 and a current ratio of 2.12. NexPoint Residential Trust has a fifty-two week low of $31.40 and a fifty-two week high of $46.68. The company’s fifty day moving average price is $42.77. The stock has a market cap of $1.10 billion, a PE ratio of 24.40, a price-to-earnings-growth ratio of 2.41 and a beta of 0.41.
NexPoint Residential Trust (NYSE:NXRT) last released its earnings results on Tuesday, July 30th. The financial services provider reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.54). NexPoint Residential Trust had a negative net margin of 10.21% and a negative return on equity of 6.07%. The firm had revenue of $43.07 million for the quarter, compared to analysts’ expectations of $43.05 million. On average, equities research analysts anticipate that NexPoint Residential Trust will post 2 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 2.40%. The ex-dividend date is Thursday, September 12th. NexPoint Residential Trust’s payout ratio is 58.51%.
In other news, insider James D. Dondero acquired 500,000 shares of NexPoint Residential Trust stock in a transaction that occurred on Tuesday, July 23rd. The shares were purchased at an average cost of $41.19 per share, for a total transaction of $20,595,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 21.49% of the company’s stock.
About NexPoint Residential Trust
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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