Residential propety

Zacks: Brokerages expect NexPoint Residential Trust, Inc. (NYSE: NXRT) to post quarterly sales of $64.37 million


Analysts expect NexPoint Residential Trust, Inc. (NYSE:NXRT – Get Rating) to report sales of $64.37 million for the current quarter, according to Zacks. Four analysts have made earnings estimates for NexPoint Residential Trust, with the highest sales estimate of $65.25 million and the lowest estimate of $63.30 million. NexPoint Residential Trust recorded sales of $52.56 million in the same quarter last year, suggesting a positive growth rate of 22.5% year over year. The company is expected to release its next quarterly results on Monday, January 1.

According to Zacks, analysts expect NexPoint Residential Trust to report annual sales of $255.49 million for the current fiscal year, with estimates ranging from $252.50 to $259.40 million. For the next fiscal year, analysts expect the company to post sales of $275.67 million, with estimates ranging from $268.00 million to $285.72 million. Zacks sales calculations are an average based on a survey of analysts who follow NexPoint Residential Trust.

Several brokerages have commented on NXRT. StockNews.com began covering NexPoint Residential Trust shares in a research note on Thursday, March 31. They issued a “holding” rating on the stock. Raymond James raised his price target on NexPoint Residential Trust shares from $67.00 to $95.00 and gave the stock an “outperform” rating in a Tuesday, Feb. 22 research note. Zacks Investment Research upgraded shares of NexPoint Residential Trust from a “strong buy” rating to a “hold” rating in a Saturday, April 9 research note. Finally, BTIG Research launched a hedge on the shares of NexPoint Residential Trust in a Monday, May 9 report. They issued a “neutral” rating on the title. Five investment analysts gave the stock a hold rating and two gave the stock a buy rating. According to MarketBeat, NexPoint Residential Trust has a consensus rating of “Hold” and an average target price of $90.50.

Shares of NXRT opened at $70.99 on Friday. The stock has a market capitalization of $1.82 billion, a P/E ratio of 73.19, a PEG ratio of 2.84 and a beta of 0.96. NexPoint Residential Trust has a 52-week low of $49.81 and a 52-week high of $95.04. The company has a quick ratio of 6.10, a current ratio of 6.09 and a leverage ratio of 3.14. The company’s fifty-day simple moving average is $84.78 and its two-hundred-day simple moving average is $81.78.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 30. Shareholders of record on Wednesday, June 15 will receive a dividend of $0.38. The ex-dividend date is Tuesday, June 14. This represents a dividend of $1.52 on an annualized basis and a dividend yield of 2.14%. NexPoint Residential Trust’s dividend payout ratio (DPR) is currently 156.70%.

Separately, CFO Brian Mitts sold 1,100 shares of the company in a trade dated Tuesday, March 29. The shares were sold at an average price of $90.80, for a total transaction of $99,880.00. The sale was disclosed in a filing with the SEC, accessible via this hyperlink. Insiders own 12.69% of the shares of the company.

A number of large investors have recently changed their holdings in NXRT. Lido Advisors LLC bought a new position in NexPoint Residential Trust in Q1 worth approximately $389,000. Meiji Yasuda Asset Management Co Ltd. bought a new position in NexPoint Residential Trust in Q1 worth approximately $353,000. State Street Corp increased its stake in NexPoint Residential Trust by 10.7% in Q1. State Street Corp now owns 1,364,076 shares of the financial services provider worth $123,190,000 after acquiring an additional 131,447 shares last quarter. Engineers Gate Manager LP increased its stake in NexPoint Residential Trust by 12.6% in Q1. Engineers Gate Manager LP now owns 2,759 shares of the financial services provider worth $249,000 after acquiring 309 additional shares in the last quarter. Finally, Hsbc Holdings PLC increased its stake in NexPoint Residential Trust by 62.6% in the 1st quarter. Hsbc Holdings PLC now owns 12,309 shares of the financial services provider worth $1,128,000 after acquiring 4,737 additional shares last quarter. Institutional investors hold 77.47% of the company’s shares.

NexPoint Residential Trust Company Profile (Get an assessment)

NexPoint Residential Trust is a publicly traded REIT, whose shares trade on the New York Stock Exchange under the symbol “NXRT”, primarily focused on the acquisition, ownership and operation of well-located middle-income multifamily properties with potential for “added value” in large cities and large city suburban submarkets, primarily in the Southeast and Southwest United States.

See also

Get a Free Copy of Zacks’ Research Report on NexPoint Residential Trust (NXRT)

For more information on Zacks Investment Research’s research offerings, visit Zacks.com

Earnings history and estimates for NexPoint Residential Trust (NYSE: NXRT)



Get news and reviews for NexPoint Residential Trust Daily – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for NexPoint Residential Trust and related companies with MarketBeat.com’s FREE daily email newsletter.