NexPoint Residential Trust Inc (NXRT) Expected to Post Earnings of $0.49 Per Share

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Brokerages forecast that NexPoint Residential Trust Inc (NYSE:NXRT) will announce earnings of $0.49 per share for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for NexPoint Residential Trust’s earnings, with the lowest EPS estimate coming in at $0.46 and the highest estimate coming in at $0.53. NexPoint Residential Trust reported earnings per share of $0.45 in the same quarter last year, which suggests a positive year over year growth rate of 8.9%. The firm is scheduled to announce its next quarterly earnings results before the market opens on Tuesday, April 30th.

According to Zacks, analysts expect that NexPoint Residential Trust will report full year earnings of $2.05 per share for the current financial year, with EPS estimates ranging from $1.95 to $2.17. For the next year, analysts forecast that the firm will post earnings of $2.30 per share, with EPS estimates ranging from $2.15 to $2.42. Zacks’ EPS averages are an average based on a survey of research analysts that cover NexPoint Residential Trust.

NexPoint Residential Trust (NYSE:NXRT) last released its quarterly earnings data on Tuesday, February 19th. The financial services provider reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.67). The company had revenue of $39.39 million for the quarter, compared to analysts’ expectations of $38.75 million. NexPoint Residential Trust had a negative net margin of 1.09% and a negative return on equity of 0.63%.

A number of equities analysts recently commented on NXRT shares. Raymond James started coverage on NexPoint Residential Trust in a report on Wednesday, February 6th. They set an “outperform” rating and a $41.00 target price for the company. Zacks Investment Research downgraded NexPoint Residential Trust from a “hold” rating to a “sell” rating in a report on Wednesday, January 9th. Boenning Scattergood reiterated a “hold” rating on shares of NexPoint Residential Trust in a report on Wednesday, February 20th. Finally, B. Riley increased their price objective on NexPoint Residential Trust from $37.00 to $41.00 and gave the stock a “buy” rating in a report on Wednesday, February 20th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. NexPoint Residential Trust currently has an average rating of “Buy” and an average price target of $38.20.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Nordea Investment Management AB raised its holdings in NexPoint Residential Trust by 0.9% in the fourth quarter. Nordea Investment Management AB now owns 33,600 shares of the financial services provider’s stock worth $1,177,000 after purchasing an additional 300 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of NexPoint Residential Trust by 108.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,072 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 557 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in shares of NexPoint Residential Trust by 18.3% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 3,885 shares of the financial services provider’s stock valued at $135,000 after acquiring an additional 600 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of NexPoint Residential Trust by 8.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 8,023 shares of the financial services provider’s stock valued at $281,000 after acquiring an additional 616 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in shares of NexPoint Residential Trust by 28.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 3,200 shares of the financial services provider’s stock valued at $112,000 after acquiring an additional 700 shares in the last quarter. Institutional investors and hedge funds own 66.15% of the company’s stock.

NYSE:NXRT opened at $35.81 on Thursday. The company has a market cap of $866.53 million, a PE ratio of 19.05, a P/E/G ratio of 2.18 and a beta of 0.56. NexPoint Residential Trust has a fifty-two week low of $25.20 and a fifty-two week high of $40.23. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 2.83.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.275 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.10 dividend on an annualized basis and a yield of 3.07%. NexPoint Residential Trust’s dividend payout ratio (DPR) is 58.51%.

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.

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Earnings History and Estimates for NexPoint Residential Trust (NYSE:NXRT)

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