NexPoint Residential Trust Inc (NXRT) Expected to Post Quarterly Sales of $41.83 Million

Analysts predict that NexPoint Residential Trust Inc (NYSE:NXRT) will announce $41.83 million in sales for the current fiscal quarter, Zacks reports. Four analysts have made estimates for NexPoint Residential Trust’s earnings. The highest sales estimate is $42.70 million and the lowest is $40.96 million. NexPoint Residential Trust posted sales of $35.06 million in the same quarter last year, which would indicate a positive year over year growth rate of 19.3%. The firm is scheduled to announce its next earnings report before the market opens on Tuesday, April 30th.

According to Zacks, analysts expect that NexPoint Residential Trust will report full year sales of $172.89 million for the current fiscal year, with estimates ranging from $168.87 million to $177.20 million. For the next financial year, analysts expect that the firm will report sales of $177.57 million, with estimates ranging from $175.13 million to $178.97 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover NexPoint Residential Trust.

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

Several research analysts recently weighed in on NXRT shares. Boenning Scattergood restated a “hold” rating on shares of NexPoint Residential Trust in a research report on Wednesday, February 20th. B. Riley upped their price objective on shares of NexPoint Residential Trust from $37.00 to $41.00 and gave the stock a “buy” rating in a research report on Wednesday, February 20th. Zacks Investment Research upgraded shares of NexPoint Residential Trust from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research report on Friday, February 8th. Finally, Raymond James assumed coverage on NexPoint Residential Trust in a research note on Wednesday, February 6th. They issued an “outperform” rating and a $41.00 target price for the company. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $38.20.

NXRT stock opened at $35.85 on Friday. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 2.83. The company has a market capitalization of $866.53 million, a P/E ratio of 19.07, a P/E/G ratio of 2.18 and a beta of 0.56. NexPoint Residential Trust has a 1-year low of $25.20 and a 1-year high of $40.23.

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

Institutional investors and hedge funds have recently modified their holdings of the business. IFP Advisors Inc purchased a new stake in shares of NexPoint Residential Trust during the fourth quarter valued at approximately $28,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake 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 purchasing an additional 557 shares during the period. Winslow Evans & Crocker Inc. purchased a new stake in shares of NexPoint Residential Trust during the fourth quarter valued at approximately $54,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of NexPoint Residential Trust during the fourth quarter valued at approximately $62,000. Finally, Advisor Group Inc. boosted its stake in shares of NexPoint Residential Trust by 941.5% during the fourth quarter. Advisor Group Inc. now owns 2,156 shares of the financial services provider’s stock valued at $76,000 after purchasing an additional 1,949 shares during the period. 66.15% of the stock is owned by institutional investors and hedge funds.

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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