Boenning Scattergood Weighs in on NexPoint Residential Trust Inc’s FY2018 Earnings (NXRT)

NexPoint Residential Trust Inc (NYSE:NXRT) – Equities researchers at Boenning Scattergood upped their FY2018 EPS estimates for NexPoint Residential Trust in a research report issued on Tuesday, October 30th. Boenning Scattergood analyst M. Ross now anticipates that the financial services provider will post earnings per share of $1.73 for the year, up from their previous forecast of $1.71. Boenning Scattergood has a “Hold” rating on the stock. Boenning Scattergood also issued estimates for NexPoint Residential Trust’s Q4 2018 earnings at $0.47 EPS, Q1 2019 earnings at $0.47 EPS, Q2 2019 earnings at $0.51 EPS, Q4 2019 earnings at $0.56 EPS and FY2019 earnings at $2.06 EPS.

A number of other equities analysts have also recently issued reports on NXRT. Zacks Investment Research cut NexPoint Residential Trust from a “buy” rating to a “hold” rating in a report on Wednesday, August 1st. ValuEngine upgraded NexPoint Residential Trust from a “hold” rating to a “buy” rating in a report on Tuesday, July 31st. Finally, B. Riley upped their price objective on NexPoint Residential Trust from $30.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, August 1st. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $33.75.

NexPoint Residential Trust stock opened at $33.63 on Friday. NexPoint Residential Trust has a 52 week low of $23.03 and a 52 week high of $38.17. The company has a debt-to-equity ratio of 3.24, a current ratio of 2.77 and a quick ratio of 2.77. The stock has a market cap of $748.15 million, a P/E ratio of 28.74, a price-to-earnings-growth ratio of 1.94 and a beta of 0.81.

NexPoint Residential Trust (NYSE:NXRT) last posted its earnings results 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 return on equity of 0.48% and a negative net margin of 0.82%. The business had revenue of $36.50 million for the quarter, compared to analysts’ expectations of $36.04 million.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Stockholders 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. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend is Friday, December 14th. NexPoint Residential Trust’s dividend payout ratio is presently 85.47%.

Several institutional investors and hedge funds have recently bought and sold shares of NXRT. Highland Capital Management LP lifted its stake in shares of NexPoint Residential Trust by 6.4% in the 2nd quarter. Highland Capital Management LP now owns 2,453,418 shares of the financial services provider’s stock valued at $71,994,000 after acquiring an additional 148,144 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of NexPoint Residential Trust by 7.3% in the 2nd quarter. Renaissance Technologies LLC now owns 1,078,000 shares of the financial services provider’s stock valued at $30,669,000 after acquiring an additional 73,500 shares during the last quarter. Millennium Management LLC lifted its stake in shares of NexPoint Residential Trust by 5.5% in the 2nd quarter. Millennium Management LLC now owns 672,457 shares of the financial services provider’s stock valued at $19,131,000 after acquiring an additional 34,841 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of NexPoint Residential Trust by 90.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 366,196 shares of the financial services provider’s stock valued at $10,419,000 after acquiring an additional 173,662 shares during the last quarter. Finally, Boston Partners lifted its stake in shares of NexPoint Residential Trust by 29.6% in the 2nd quarter. Boston Partners now owns 298,490 shares of the financial services provider’s stock valued at $8,492,000 after acquiring an additional 68,090 shares during the last quarter. Hedge funds and other institutional investors own 61.28% 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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Earnings History and Estimates for NexPoint Residential Trust (NYSE:NXRT)

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