Zacks: Brokerages Expect NexPoint Residential Trust, Inc. (NYSE:NXRT) to Post $0.68 EPS

Wall Street brokerages predict that NexPoint Residential Trust, Inc. (NYSE:NXRT) will announce earnings of $0.68 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for NexPoint Residential Trust’s earnings. NexPoint Residential Trust posted earnings per share of $0.60 during the same quarter last year, which indicates a positive year-over-year growth rate of 13.3%. The company is expected to report its next earnings report on Tuesday, October 26th.

According to Zacks, analysts expect that NexPoint Residential Trust will report full-year earnings of $2.64 per share for the current year. For the next financial year, analysts anticipate that the firm will post earnings of $3.02 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover NexPoint Residential Trust.

A number of equities analysts have commented on the company. Truist lifted their price target on NexPoint Residential Trust from $57.00 to $64.00 and gave the stock a “hold” rating in a research note on Wednesday, August 25th. They noted that the move was a valuation call. Raymond James lifted their price target on NexPoint Residential Trust from $56.00 to $67.00 and gave the stock an “outperform” rating in a research note on Monday, July 19th. Truist Securities boosted their target price on NexPoint Residential Trust from $57.00 to $64.00 and gave the company a “hold” rating in a research note on Wednesday, August 25th. B. Riley reissued a “neutral” rating on shares of NexPoint Residential Trust in a research note on Tuesday, September 28th. Finally, Zacks Investment Research raised NexPoint Residential Trust from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research note on Thursday, October 7th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, NexPoint Residential Trust currently has an average rating of “Hold” and an average price target of $66.50.

Shares of NexPoint Residential Trust stock opened at $65.24 on Monday. The company has a debt-to-equity ratio of 3.63, a current ratio of 2.62 and a quick ratio of 2.62. The business’s 50 day simple moving average is $62.53 and its two-hundred day simple moving average is $56.41. The stock has a market capitalization of $1.64 billion, a P/E ratio of 106.95 and a beta of 1.01. NexPoint Residential Trust has a one year low of $39.13 and a one year high of $67.32.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 30th. Investors of record on Wednesday, September 15th were paid a $0.341 dividend. The ex-dividend date of this dividend was Tuesday, September 14th. This represents a $1.36 annualized dividend and a yield of 2.09%. NexPoint Residential Trust’s payout ratio is 55.47%.

In related news, insider Brian Mitts sold 5,600 shares of the company’s stock in a transaction on Tuesday, September 28th. The stock was sold at an average price of $62.16, for a total value of $348,096.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 12.20% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System boosted its holdings in NexPoint Residential Trust by 6.9% in the third quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the financial services provider’s stock worth $674,000 after acquiring an additional 700 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in NexPoint Residential Trust by 12.3% in the third quarter. State of Alaska Department of Revenue now owns 28,006 shares of the financial services provider’s stock worth $1,732,000 after acquiring an additional 3,062 shares in the last quarter. Parametric Portfolio Associates LLC boosted its holdings in NexPoint Residential Trust by 2.8% in the second quarter. Parametric Portfolio Associates LLC now owns 99,566 shares of the financial services provider’s stock worth $5,474,000 after acquiring an additional 2,713 shares in the last quarter. Morgan Stanley lifted its holdings in shares of NexPoint Residential Trust by 2.4% during the second quarter. Morgan Stanley now owns 165,427 shares of the financial services provider’s stock valued at $9,096,000 after purchasing an additional 3,933 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of NexPoint Residential Trust by 13.8% during the second quarter. Wells Fargo & Company MN now owns 80,859 shares of the financial services provider’s stock valued at $4,447,000 after purchasing an additional 9,788 shares in the last quarter. 76.11% of the stock is currently owned by institutional investors and hedge funds.

NexPoint Residential Trust Company Profile

NexPoint Residential Trust, Inc engages in the acquisition, management, and disposition of multifamily assets. It also focuses on providing lifestyle amenities and upgraded living spaces to low and moderate income renters in the Southeastern United States and Texas. The company was founded on September 19, 2014 and is headquartered in Dallas, TX.

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Earnings History and Estimates for NexPoint Residential Trust (NYSE:NXRT)

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