Brokerages forecast that NexPoint Residential Trst (NYSE:NXRT) will post sales of $36.12 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for NexPoint Residential Trst’s earnings, with the lowest sales estimate coming in at $35.34 million and the highest estimate coming in at $36.89 million. NexPoint Residential Trst reported sales of $36.99 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 2.4%. The firm is scheduled to report its next earnings results on Tuesday, May 1st.
According to Zacks, analysts expect that NexPoint Residential Trst will report full year sales of $36.12 million for the current financial year, with estimates ranging from $144.00 million to $147.91 million. For the next fiscal year, analysts forecast that the company will report sales of $152.44 million per share, with estimates ranging from $151.12 million to $153.77 million. Zacks’ sales averages are an average based on a survey of analysts that follow NexPoint Residential Trst.
NexPoint Residential Trst (NYSE:NXRT) last issued its quarterly earnings results on Tuesday, February 13th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.02. NexPoint Residential Trst had a net margin of 37.00% and a return on equity of 23.02%. The firm had revenue of $34.90 million for the quarter, compared to analyst estimates of $36.28 million. During the same period in the previous year, the business earned $0.39 EPS. The company’s revenue was up 7.1% compared to the same quarter last year.
Several research analysts have recently weighed in on NXRT shares. ValuEngine upgraded shares of NexPoint Residential Trst from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Zacks Investment Research lowered shares of NexPoint Residential Trst from a “buy” rating to a “hold” rating in a research note on Saturday, February 17th. Finally, TheStreet upgraded shares of NexPoint Residential Trst from a “d-” rating to a “c” rating in a research note on Monday, March 19th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $27.50.
NXRT stock traded up $0.14 during midday trading on Tuesday, hitting $26.13. The company’s stock had a trading volume of 16,310 shares, compared to its average volume of 78,608. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 3.28. NexPoint Residential Trst has a twelve month low of $22.84 and a twelve month high of $29.40. The firm has a market capitalization of $547.13, a P/E ratio of 22.21 and a beta of 0.80.
The business also recently announced a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Tuesday, March 20th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.83%. The ex-dividend date of this dividend was Monday, March 19th. NexPoint Residential Trst’s payout ratio is 85.47%.
In related news, insider James D. Dondero bought 24,788 shares of NexPoint Residential Trst stock in a transaction that occurred on Monday, January 22nd. The stock was acquired at an average price of $27.23 per share, with a total value of $674,977.24. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider James D. Dondero bought 18,700 shares of NexPoint Residential Trst stock in a transaction that occurred on Wednesday, January 17th. The shares were bought at an average cost of $26.98 per share, with a total value of $504,526.00. The disclosure for this purchase can be found here. Insiders own 19.00% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Susquehanna International Group LLP boosted its holdings in shares of NexPoint Residential Trst by 58.7% during the 3rd quarter. Susquehanna International Group LLP now owns 30,279 shares of the financial services provider’s stock worth $719,000 after buying an additional 11,197 shares during the period. GSA Capital Partners LLP boosted its holdings in NexPoint Residential Trst by 23.0% in the 3rd quarter. GSA Capital Partners LLP now owns 40,587 shares of the financial services provider’s stock valued at $963,000 after purchasing an additional 7,600 shares during the period. Boothbay Fund Management LLC bought a new stake in NexPoint Residential Trst in the 3rd quarter valued at about $415,000. Wells Fargo & Company MN boosted its holdings in NexPoint Residential Trst by 14.3% in the 3rd quarter. Wells Fargo & Company MN now owns 60,845 shares of the financial services provider’s stock valued at $1,444,000 after purchasing an additional 7,592 shares during the period. Finally, Swiss National Bank boosted its holdings in NexPoint Residential Trst by 15.8% in the 4th quarter. Swiss National Bank now owns 32,309 shares of the financial services provider’s stock valued at $903,000 after purchasing an additional 4,400 shares during the period. 59.70% of the stock is owned by institutional investors and hedge funds.
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NexPoint Residential Trst 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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