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.

Several analysts recently issued reports on the stock. Compass Point raised shares of NexPoint Residential Trust from a “neutral” rating to a “buy” rating and set a $46.50 price objective for the company in a research note on Wednesday, July 31st. Raymond James raised shares of NexPoint Residential Trust from an “outperform” rating to a “strong-buy” rating and upped their price objective for the company from $41.00 to $44.00 in a research note on Friday, May 3rd. LADENBURG THALM/SH SH upped their price objective on shares of NexPoint Residential Trust from $41.50 to $44.00 and gave the company a “buy” rating in a research note on Friday, May 31st. Zacks Investment Research cut shares of NexPoint Residential Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of NexPoint Residential Trust in a research note on Wednesday, May 1st. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $43.08.

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

Get a free copy of the Zacks research report on NexPoint Residential Trust (NXRT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

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.