Analysts expect that NexPoint Residential Trust Inc (NYSE:NXRT) will report $36.04 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for NexPoint Residential Trust’s earnings. The lowest sales estimate is $35.32 million and the highest is $36.55 million. NexPoint Residential Trust reported sales of $37.10 million during the same quarter last year, which indicates a negative year over year growth rate of 2.9%. The company is expected to issue its next quarterly earnings report on Tuesday, October 30th.
On average, analysts expect that NexPoint Residential Trust will report full-year sales of $143.12 million for the current fiscal year, with estimates ranging from $141.97 million to $144.21 million. For the next year, analysts anticipate that the company will report sales of $150.21 million, with estimates ranging from $148.48 million to $151.75 million. Zacks’ sales calculations are an average based on a survey of research firms that that provide coverage for NexPoint Residential Trust.
NexPoint Residential Trust (NYSE:NXRT) last announced its quarterly earnings results on Tuesday, July 31st. The financial services provider reported ($0.08) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.49). NexPoint Residential Trust had a net margin of 40.64% and a return on equity of 23.89%. The company had revenue of $35.66 million during the quarter, compared to analyst estimates of $35.53 million.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. OMERS ADMINISTRATION Corp acquired a new position in NexPoint Residential Trust in the 2nd quarter valued at $233,000. Highland Capital Management LP raised its stake in NexPoint Residential Trust by 4.1% in the 1st quarter. Highland Capital Management LP now owns 2,305,274 shares of the financial services provider’s stock valued at $57,263,000 after purchasing an additional 89,799 shares during the last quarter. GSA Capital Partners LLP raised its stake in NexPoint Residential Trust by 48.0% in the 1st quarter. GSA Capital Partners LLP now owns 83,535 shares of the financial services provider’s stock valued at $2,075,000 after purchasing an additional 27,095 shares during the last quarter. Prudential Financial Inc. raised its stake in NexPoint Residential Trust by 32.3% in the 1st quarter. Prudential Financial Inc. now owns 73,730 shares of the financial services provider’s stock valued at $1,832,000 after purchasing an additional 18,000 shares during the last quarter. Finally, Lyon Street Capital LLC raised its stake in NexPoint Residential Trust by 5.7% in the 1st quarter. Lyon Street Capital LLC now owns 273,479 shares of the financial services provider’s stock valued at $6,793,000 after purchasing an additional 14,857 shares during the last quarter. 61.99% of the stock is owned by hedge funds and other institutional investors.
NYSE:NXRT traded down $0.03 during trading hours on Friday, reaching $32.51. The company had a trading volume of 37,693 shares, compared to its average volume of 76,259. NexPoint Residential Trust has a 1-year low of $23.03 and a 1-year high of $34.39. The company has a market capitalization of $688.81 million, a PE ratio of 27.79, a PEG ratio of 1.79 and a beta of 0.81. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 3.24.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Friday, September 14th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.08%. The ex-dividend date was Thursday, September 13th. NexPoint Residential Trust’s dividend payout ratio is currently 85.47%.
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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