NexPoint Residential Trust Inc (NASDAQ:NXRT) - DA Davidson reduced their Q3 2017 earnings estimates for NexPoint Residential Trust in a research note issued on Wednesday. DA Davidson analyst J. Lykins now expects that the company will earn $0.37 per share for the quarter, down from their previous forecast of $0.41. DA Davidson also issued estimates for NexPoint Residential Trust’s Q1 2018 earnings at $0.39 EPS, Q2 2018 earnings at $0.39 EPS, Q3 2018 earnings at $0.39 EPS, Q4 2018 earnings at $0.44 EPS and FY2018 earnings at $1.61 EPS.
A number of other analysts have also recently commented on NXRT. Canaccord Genuity reaffirmed a “buy” rating and set a $28.00 price target (up previously from $26.00) on shares of NexPoint Residential Trust in a research report on Tuesday, May 2nd. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of NexPoint Residential Trust in a research report on Wednesday, May 3rd. Finally, Zacks Investment Research raised NexPoint Residential Trust from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research report on Wednesday, July 5th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $25.75.
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NexPoint Residential Trust (NASDAQ NXRT) opened at 24.19 on Thursday. NexPoint Residential Trust has a 12-month low of $16.67 and a 12-month high of $26.10. The firm has a 50-day moving average price of $25.17 and a 200-day moving average price of $24.39. The company has a market cap of $509.03 million and a P/E ratio of 45.99.
NexPoint Residential Trust (NASDAQ:NXRT) last posted its earnings results on Tuesday, August 1st. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by $0.02. NexPoint Residential Trust had a negative net margin of 8.93% and a negative return on equity of 6.36%. The firm had revenue of $35.23 million during the quarter, compared to the consensus estimate of $35.95 million. During the same period in the prior year, the company posted $0.37 EPS. The firm’s revenue was up 4.7% compared to the same quarter last year.
Several institutional investors have recently modified their holdings of NXRT. Lyon Street Capital LLC bought a new position in shares of NexPoint Residential Trust during the first quarter valued at about $4,855,000. Renaissance Technologies LLC boosted its position in shares of NexPoint Residential Trust by 30.6% in the first quarter. Renaissance Technologies LLC now owns 651,100 shares of the company’s stock valued at $15,731,000 after buying an additional 152,600 shares during the period. Vanguard Group Inc. boosted its position in shares of NexPoint Residential Trust by 7.1% in the first quarter. Vanguard Group Inc. now owns 2,015,961 shares of the company’s stock valued at $48,706,000 after buying an additional 134,077 shares during the period. Principal Financial Group Inc. boosted its position in shares of NexPoint Residential Trust by 77.7% in the first quarter. Principal Financial Group Inc. now owns 207,616 shares of the company’s stock valued at $5,016,000 after buying an additional 90,773 shares during the period. Finally, Wellington Management Group LLP bought a new position in shares of NexPoint Residential Trust during the first quarter valued at about $1,492,000.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a $0.22 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.88 annualized dividend and a dividend yield of 3.64%.
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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