NexPoint Residential Trust Inc (NYSE:NXRT) Expected to Post Quarterly Sales of $43.88 Million
Wall Street analysts expect that NexPoint Residential Trust Inc (NYSE:NXRT) will announce $43.88 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for NexPoint Residential Trust’s earnings. The highest sales estimate is $44.54 million and the lowest is $42.80 million. NexPoint Residential Trust reported sales of $36.50 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 20.2%. The firm is scheduled to report its next quarterly earnings report on Tuesday, October 29th.
On average, analysts expect that NexPoint Residential Trust will report full-year sales of $172.37 million for the current fiscal year, with estimates ranging from $171.10 million to $173.60 million. For the next financial year, analysts forecast that the business will post sales of $182.97 million, with estimates ranging from $176.09 million to $187.24 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow NexPoint Residential Trust.
NexPoint Residential Trust (NYSE:NXRT) last announced its quarterly earnings data on Tuesday, July 30th. The financial services provider reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.54). NexPoint Residential Trust had a negative net margin of 10.21% and a negative return on equity of 6.07%. The business had revenue of $43.07 million for the quarter, compared to analysts’ expectations of $43.05 million.
NYSE NXRT traded up $0.82 during trading hours on Monday, hitting $44.84. 174,200 shares of the company’s stock traded hands, compared to its average volume of 81,771. NexPoint Residential Trust has a 52-week low of $31.40 and a 52-week high of $46.68. The company has a market capitalization of $1.06 billion, a PE ratio of 23.85, a PEG ratio of 2.34 and a beta of 0.41. The company has a debt-to-equity ratio of 3.60, a current ratio of 2.12 and a quick ratio of 2.12. The firm’s 50-day moving average is $43.03 and its 200-day moving average is $39.44.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a $0.275 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.10 annualized dividend and a dividend yield of 2.45%. NexPoint Residential Trust’s dividend payout ratio (DPR) is 58.51%.
In other news, insider James D. Dondero purchased 500,000 shares of the company’s stock in a transaction dated Tuesday, July 23rd. The stock was acquired at an average price of $41.19 per share, with a total value of $20,595,000.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 21.49% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. MUFG Americas Holdings Corp purchased a new position in shares of NexPoint Residential Trust during the 2nd quarter worth approximately $50,000. Quantamental Technologies LLC boosted its position in shares of NexPoint Residential Trust by 318.1% during the 1st quarter. Quantamental Technologies LLC now owns 1,643 shares of the financial services provider’s stock worth $63,000 after purchasing an additional 1,250 shares during the period. Steward Partners Investment Advisory LLC purchased a new position in shares of NexPoint Residential Trust during the 2nd quarter worth approximately $82,000. Advisor Group Inc. boosted its position in shares of NexPoint Residential Trust by 941.5% during the 4th quarter. Advisor Group Inc. now owns 2,156 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 1,949 shares during the period. Finally, Aperio Group LLC purchased a new position in shares of NexPoint Residential Trust during the 2nd quarter worth approximately $91,000. 67.83% of the stock is owned by institutional investors and hedge funds.
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.
Featured Story: Marijuana Stocks
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for NexPoint Residential Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NexPoint Residential Trust and related companies with MarketBeat.com's FREE daily email newsletter.