Somewhat Positive Press Coverage Somewhat Unlikely to Affect NexPoint Residential Trust (NXRT) Share Price
News headlines about NexPoint Residential Trust (NYSE:NXRT) have been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. NexPoint Residential Trust earned a media sentiment score of 0.04 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 48.05949802748 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of NexPoint Residential Trust (NYSE NXRT) traded up $0.03 during trading on Friday, reaching $24.45. The company had a trading volume of 62,500 shares, compared to its average volume of 84,501. NexPoint Residential Trust has a one year low of $22.28 and a one year high of $29.40. The company has a market cap of $515.53 and a PE ratio of 9.86. 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 Trust (NYSE:NXRT) last announced its earnings results on Tuesday, February 13th. The financial services provider reported $0.40 EPS for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.02. NexPoint Residential Trust had a return on equity of 23.02% and a net margin of 37.00%. The company had revenue of $34.90 million for the quarter, compared to analysts’ expectations of $36.28 million. During the same period last year, the firm earned $0.39 EPS. NexPoint Residential Trust’s revenue for the quarter was up 7.1% compared to the same quarter last year. equities research analysts anticipate that NexPoint Residential Trust will post 1.66 EPS for the current fiscal year.
A number of brokerages recently commented on NXRT. Zacks Investment Research cut NexPoint Residential Trust from a “buy” rating to a “hold” rating in a report on Saturday, February 17th. ValuEngine cut NexPoint Residential Trust from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. NexPoint Residential Trust has an average rating of “Buy” and a consensus price target of $27.50.
In other NexPoint Residential Trust news, insider James D. Dondero purchased 10,000 shares of the firm’s stock in a transaction on Monday, December 18th. The shares were acquired at an average cost of $28.50 per share, with a total value of $285,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James D. Dondero purchased 14,065 shares of the firm’s stock in a transaction on Tuesday, January 9th. The shares were acquired at an average cost of $27.68 per share, for a total transaction of $389,319.20. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 86,553 shares of company stock worth $2,360,392. Insiders own 19.00% of the company’s stock.
NexPoint Residential Trust Company Profile
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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