NexPoint Residential Trust Inc (NYSE:NXRT) – Analysts at DA Davidson raised their FY2018 earnings per share (EPS) estimates for NexPoint Residential Trust in a research note issued to investors on Wednesday, October 31st. DA Davidson analyst J. Lykins now forecasts that the financial services provider will post earnings per share of $1.68 for the year, up from their prior estimate of $1.64.
Several other research firms have also recently issued reports on NXRT. B. Riley boosted their target price on NexPoint Residential Trust from $30.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, August 1st. Boenning Scattergood cut NexPoint Residential Trust from an “outperform” rating to a “hold” rating in a research note on Tuesday. ValuEngine raised NexPoint Residential Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, July 31st. Finally, Zacks Investment Research raised NexPoint Residential Trust from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research note on Thursday, August 2nd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $33.75.
NXRT opened at $33.41 on Friday. The company has a debt-to-equity ratio of 3.24, a quick ratio of 2.77 and a current ratio of 2.77. NexPoint Residential Trust has a 52-week low of $23.03 and a 52-week high of $38.17. The company has a market cap of $748.15 million, a PE ratio of 28.56, a price-to-earnings-growth ratio of 1.94 and a beta of 0.81.
NexPoint Residential Trust (NYSE:NXRT) last announced its quarterly earnings results on Tuesday, October 30th. The financial services provider reported ($0.25) EPS for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.69). The company had revenue of $36.50 million during the quarter, compared to analysts’ expectations of $36.04 million. NexPoint Residential Trust had a negative return on equity of 0.48% and a negative net margin of 0.82%.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Monday, December 17th will be paid a dividend of $0.275 per share. The ex-dividend date is Friday, December 14th. This is a boost from NexPoint Residential Trust’s previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a dividend yield of 3.29%. NexPoint Residential Trust’s payout ratio is 85.47%.
Institutional investors and hedge funds have recently bought and sold shares of the company. Harvest Fund Management Co. Ltd purchased a new position in shares of NexPoint Residential Trust during the third quarter valued at approximately $121,000. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of NexPoint Residential Trust by 68.6% during 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 buying an additional 1,944 shares during the period. State of Alaska Department of Revenue bought a new stake in shares of NexPoint Residential Trust during the third quarter valued at approximately $174,000. Commonwealth Equity Services LLC bought a new stake in shares of NexPoint Residential Trust during the second quarter valued at approximately $214,000. Finally, OMERS ADMINISTRATION Corp bought a new stake in shares of NexPoint Residential Trust during the second quarter valued at approximately $233,000. 61.28% 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.
Featured Story: How to Calculate Compound Annual Growth Rate (CAGR)
Receive News & Ratings for NexPoint Residential Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NexPoint Residential Trust and related companies with MarketBeat.com's FREE daily email newsletter.