$0.60 EPS Expected for NexPoint Residential Trust Inc (NYSE:NXRT) This Quarter
Wall Street brokerages predict that NexPoint Residential Trust Inc (NYSE:NXRT) will report earnings per share (EPS) of $0.60 for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for NexPoint Residential Trust’s earnings. NexPoint Residential Trust reported earnings per share of $0.47 during the same quarter last year, which indicates a positive year over year growth rate of 27.7%. The business is expected to issue its next earnings results on Tuesday, February 18th.
According to Zacks, analysts expect that NexPoint Residential Trust will report full year earnings of $2.20 per share for the current financial year, with EPS estimates ranging from $2.19 to $2.20. For the next financial year, analysts expect that the company will report earnings of $2.59 per share, with EPS estimates ranging from $2.53 to $2.64. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for NexPoint Residential Trust.
NexPoint Residential Trust (NYSE:NXRT) last released its earnings results on Tuesday, October 29th. The financial services provider reported $4.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $4.34. NexPoint Residential Trust had a return on equity of 33.96% and a net margin of 63.01%. The business had revenue of $46.83 million for the quarter, compared to the consensus estimate of $43.78 million.
Shares of NYSE:NXRT traded up $0.26 on Monday, hitting $48.52. 163,221 shares of the company traded hands, compared to its average volume of 101,631. NexPoint Residential Trust has a 52 week low of $33.10 and a 52 week high of $50.67. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 2.76. The stock has a 50 day simple moving average of $47.98 and a 200-day simple moving average of $44.87. The company has a market cap of $1.21 billion, a PE ratio of 25.81, a PEG ratio of 1.70 and a beta of 0.37.
Several large investors have recently made changes to their positions in NXRT. First Trust Advisors LP boosted its position in shares of NexPoint Residential Trust by 1.7% during the first quarter. First Trust Advisors LP now owns 42,037 shares of the financial services provider’s stock valued at $1,612,000 after buying an additional 695 shares during the last quarter. Amundi Pioneer Asset Management Inc. raised its position in NexPoint Residential Trust by 7.1% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 47,816 shares of the financial services provider’s stock worth $1,833,000 after buying an additional 3,181 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in NexPoint Residential Trust by 13.2% during the 2nd quarter. Nisa Investment Advisors LLC now owns 7,814 shares of the financial services provider’s stock valued at $323,000 after acquiring an additional 914 shares during the period. Rothschild & Co. Asset Management US Inc. lifted its stake in NexPoint Residential Trust by 148.0% during the 2nd quarter. Rothschild & Co. Asset Management US Inc. now owns 315,211 shares of the financial services provider’s stock valued at $13,050,000 after acquiring an additional 188,121 shares during the period. Finally, Steward Partners Investment Advisory LLC purchased a new stake in shares of NexPoint Residential Trust during the 2nd quarter valued at about $82,000. 72.12% of the stock is currently owned by hedge funds and other institutional investors.
About NexPoint Residential Trust
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.
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