NexPoint Residential Trust (NYSE:NXRT) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.60-1.70 for the period, compared to the Thomson Reuters consensus estimate of $1.68.
Several brokerages have commented on NXRT. Zacks Investment Research upgraded NexPoint Residential Trust from a hold rating to a buy rating and set a $30.00 price target on the stock in a report on Saturday, January 6th. FBR & Co began coverage on NexPoint Residential Trust in a report on Thursday, October 26th. They set a buy rating and a $27.00 price target on the stock. B. Riley reiterated a buy rating and set a $28.00 price target (up previously from $27.00) on shares of NexPoint Residential Trust in a report on Wednesday, November 1st. Ladenburg Thalmann Financial Services reiterated a buy rating on shares of NexPoint Residential Trust in a report on Thursday, November 2nd. Finally, ValuEngine downgraded NexPoint Residential Trust from a buy rating to a hold rating in a report on Friday, December 1st. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $28.50.
NexPoint Residential Trust (NXRT) opened at $24.46 on Tuesday. NexPoint Residential Trust has a twelve month low of $22.28 and a twelve month high of $29.40. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 3.09. The company has a market capitalization of $518.48, a P/E ratio of 9.09, a price-to-earnings-growth ratio of 2.93 and a beta of 0.72.
NexPoint Residential Trust (NYSE:NXRT) last announced its quarterly earnings results on Tuesday, February 13th. The financial services provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.37 by $0.03. NexPoint Residential Trust had a return on equity of 24.54% and a net margin of 40.80%. The company had revenue of $34.90 million for the quarter, compared to the consensus estimate of $36.28 million. During the same quarter last year, the company posted $0.39 earnings per share. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. equities research analysts forecast that NexPoint Residential Trust will post 1.16 EPS for the current year.
In other NexPoint Residential Trust news, insider James D. Dondero acquired 24,788 shares of NexPoint Residential Trust stock in a transaction dated Monday, January 22nd. The stock was bought at an average cost of $27.23 per share, with a total value of $674,977.24. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James D. Dondero acquired 1,000 shares of NexPoint Residential Trust stock in a transaction dated Friday, January 12th. The stock was acquired at an average cost of $26.87 per share, with a total value of $26,870.00. The disclosure for this purchase can be found here. Insiders bought 86,553 shares of company stock valued at $2,360,392 over the last three months. 19.00% of the stock is owned by company insiders.
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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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