NexPoint Residential Trst (NXRT) Receives Coverage Optimism Score of 0.03

Media stories about NexPoint Residential Trst (NYSE:NXRT) have trended somewhat positive on Monday, Accern Sentiment reports. The research group scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. NexPoint Residential Trst earned a coverage optimism score of 0.03 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 45.6920523283792 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the news headlines that may have effected Accern Sentiment’s scoring:

A number of research firms have recently weighed in on NXRT. Zacks Investment Research downgraded NexPoint Residential Trst from a “buy” rating to a “hold” rating in a research note on Saturday, February 17th. TheStreet raised NexPoint Residential Trst from a “d-” rating to a “c” rating in a research note on Monday, March 19th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $27.50.

Shares of NXRT traded up $0.02 during midday trading on Monday, reaching $24.86. 30,076 shares of the stock were exchanged, compared to its average volume of 76,451. NexPoint Residential Trst has a 12-month low of $22.84 and a 12-month high of $29.40. 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 company has a market capitalization of $519.92, a PE ratio of 21.21 and a beta of 0.79.

NexPoint Residential Trst (NYSE:NXRT) last posted its quarterly earnings results on Tuesday, February 13th. The financial services provider reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.02. NexPoint Residential Trst had a return on equity of 23.02% and a net margin of 37.00%. The company had revenue of $34.90 million during the quarter, compared to the consensus estimate of $36.28 million. During the same period last year, the business earned $0.39 EPS. The business’s quarterly revenue was up 7.1% on a year-over-year basis. equities research analysts expect that NexPoint Residential Trst will post 1.66 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Tuesday, March 20th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.02%. 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 acquired 24,788 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The shares were acquired at an average cost of $27.23 per share, with a total value of $674,977.24. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider James D. Dondero acquired 1,000 shares of the business’s stock in a transaction that occurred on Friday, January 12th. The stock was bought at an average cost of $26.87 per share, for a total transaction of $26,870.00. The disclosure for this purchase can be found here. Insiders purchased a total of 58,553 shares of company stock worth $1,595,692 over the last three months. 19.00% of the stock is owned by company insiders.

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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.

Insider Buying and Selling by Quarter for NexPoint Residential Trst (NYSE:NXRT)

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