NexPoint Residential Trust, Inc. (NXRT) Expected to Announce Earnings of $0.37 Per Share
Brokerages predict that NexPoint Residential Trust, Inc. (NYSE:NXRT) will post $0.37 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for NexPoint Residential Trust’s earnings. The lowest EPS estimate is $0.37 and the highest is $0.38. NexPoint Residential Trust reported earnings per share of $0.01 during the same quarter last year, which would suggest a positive year-over-year growth rate of 3,600%. The business is scheduled to announce its next quarterly earnings results on Tuesday, March 13th.
On average, analysts expect that NexPoint Residential Trust will report full-year earnings of $1.17 per share for the current financial year, with EPS estimates ranging from $1.15 to $1.21. For the next year, analysts expect that the business will report earnings of $1.66 per share, with EPS estimates ranging from $1.57 to $1.73. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that follow NexPoint Residential Trust.
A number of equities research analysts recently weighed in on NXRT shares. BidaskClub cut NexPoint Residential Trust from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Janney Montgomery Scott started coverage on NexPoint Residential Trust in a report on Friday, September 8th. They issued a “neutral” rating on the stock. FBR & Co restated a “buy” rating and issued a $27.00 price target on shares of NexPoint Residential Trust in a report on Thursday, October 26th. Finally, B. Riley restated a “buy” rating and issued a $28.00 price target (up previously from $27.00) on shares of NexPoint Residential Trust in a report on Wednesday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. NexPoint Residential Trust currently has an average rating of “Buy” and an average price target of $27.67.
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Shares of NexPoint Residential Trust (NXRT) traded down $0.03 during trading on Thursday, reaching $26.71. 60,325 shares of the company’s stock traded hands, compared to its average volume of 65,508. The company has a debt-to-equity ratio of 3.09, a current ratio of 1.72 and a quick ratio of 0.73. NexPoint Residential Trust has a 1 year low of $16.67 and a 1 year high of $26.88. The company has a market capitalization of $562.49, a PE ratio of 16.91, a price-to-earnings-growth ratio of 4.63 and a beta of 0.81.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a $0.25 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.74%. This is a boost from NexPoint Residential Trust’s previous quarterly dividend of $0.22. NexPoint Residential Trust’s dividend payout ratio is currently 32.71%.
About NexPoint Residential Trust
NexPoint Residential Trust, Inc is an externally managed real estate investment trust (REIT). The Company’s investment objectives are to maximize the cash flow and value of properties owned, acquire properties with cash flow growth potential, provide quarterly cash distributions and achieve long-term capital appreciation for its stockholders through targeted management and a value-add program.
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