Wall Street brokerages forecast that NexPoint Residential Trust Inc (NYSE:NXRT) will post earnings of $0.40 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for NexPoint Residential Trust’s earnings, with estimates ranging from $0.38 to $0.41. NexPoint Residential Trust posted earnings per share of $0.43 in the same quarter last year, which would suggest a negative year over year growth rate of 7%. The firm is scheduled to issue its next earnings results on Tuesday, May 1st.
According to Zacks, analysts expect that NexPoint Residential Trust will report full-year earnings of $1.70 per share for the current fiscal year, with EPS estimates ranging from $1.65 to $1.79. For the next year, analysts anticipate that the business will post earnings of $1.93 per share, with EPS estimates ranging from $1.80 to $2.11. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that that provide coverage for NexPoint Residential Trust.
NexPoint Residential Trust (NYSE:NXRT) last issued its earnings results on Tuesday, February 13th. The financial services provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.02. The business had revenue of $34.90 million for the quarter, compared to analyst estimates of $36.28 million. NexPoint Residential Trust had a return on equity of 23.02% and a net margin of 37.00%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the company posted $0.39 EPS.
Several brokerages recently weighed in on NXRT. ValuEngine lowered NexPoint Residential Trust from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research lowered NexPoint Residential Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of NexPoint Residential Trust in a research report on Thursday, November 2nd. B. Riley reiterated a “buy” rating and issued a $28.00 price target (up from $27.00) on shares of NexPoint Residential Trust in a report on Thursday, November 2nd. Finally, FBR & Co reiterated a “buy” rating and issued a $27.00 price target on shares of NexPoint Residential Trust in a report on Thursday, October 26th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $27.50.
NexPoint Residential Trust (NYSE:NXRT) opened at $23.83 on Friday. The company has a debt-to-equity ratio of 3.28, a current ratio of 1.74 and a quick ratio of 1.74. The firm has a market capitalization of $498.78, a price-to-earnings ratio of 9.61 and a beta of 0.72. NexPoint Residential Trust has a 52-week low of $22.28 and a 52-week high of $29.40.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Tuesday, March 20th will be issued a $0.25 dividend. The ex-dividend date is Monday, March 19th. This represents a $1.00 annualized dividend and a yield of 4.20%. NexPoint Residential Trust’s dividend payout ratio is currently 40.32%.
In related news, insider James D. Dondero purchased 10,000 shares of the stock in a transaction that occurred on Monday, December 18th. The stock was purchased at an average cost of $28.50 per share, for a total transaction of $285,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider James D. Dondero purchased 18,000 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was bought at an average price of $26.65 per share, with a total value of $479,700.00. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 86,553 shares of company stock valued at $2,360,392. 19.00% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the company. Susquehanna International Group LLP grew its stake 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 in the last quarter. First Trust Advisors LP acquired a new stake in shares of NexPoint Residential Trust during the third quarter valued at about $478,000. Boothbay Fund Management LLC acquired a new stake in shares of NexPoint Residential Trust during the third quarter valued at about $415,000. GSA Capital Partners LLP grew its stake 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 in the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of NexPoint Residential Trust by 14.3% during the third quarter. Wells Fargo & Company MN now owns 60,845 shares of the financial services provider’s stock valued at $1,444,000 after acquiring an additional 7,592 shares in the last quarter. Institutional investors own 56.27% 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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