NexPoint Residential Trust (NXRT) Releases FY 2019 Earnings Guidance
NexPoint Residential Trust (NYSE:NXRT) updated its FY 2019 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.87-1.87 for the period.
A number of research analysts have weighed in on the stock. Zacks Investment Research raised shares of NexPoint Residential Trust from a hold rating to a buy rating and set a $42.00 price objective for the company in a report on Friday, February 8th. Raymond James assumed coverage on shares of NexPoint Residential Trust in a report on Wednesday, February 6th. They issued an outperform rating and a $41.00 price objective for the company. Boenning Scattergood reaffirmed a hold rating on shares of NexPoint Residential Trust in a report on Thursday, November 15th. ValuEngine raised shares of NexPoint Residential Trust from a hold rating to a buy rating in a report on Monday, November 12th. Finally, B. Riley lifted their price objective on shares of NexPoint Residential Trust from $34.00 to $37.00 and gave the company a buy rating in a report on Monday, November 5th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of Buy and an average target price of $37.40.
NXRT opened at $37.91 on Wednesday. NexPoint Residential Trust has a fifty-two week low of $23.38 and a fifty-two week high of $38.70. The company has a debt-to-equity ratio of 3.83, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market capitalization of $901.68 million, a price-to-earnings ratio of 32.40, a PEG ratio of 1.64 and a beta of 0.59.
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NexPoint Residential Trust 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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