News articles about NexPoint Residential Trust (NYSE:NXRT) have been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. NexPoint Residential Trust earned a news sentiment score of 0.07 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 47.2532846532249 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
- NexPoint Residential Trust Inc (NXRT) Expected to Announce Quarterly Sales of $35.65 Million (americanbankingnews.com)
- NexPoint Residential Trust (NXRT) Downgraded to “Hold” at Zacks Investment Research (americanbankingnews.com)
- Q1 2019 Earnings Forecast for NexPoint Residential Trust Inc Issued By B. Riley (NXRT) (americanbankingnews.com)
- $0.40 Earnings Per Share Expected for NexPoint Residential Trust Inc (NXRT) This Quarter (americanbankingnews.com)
- DA Davidson Weighs in on NexPoint Residential Trust Inc’s Q3 2018 Earnings (NXRT) (americanbankingnews.com)
A number of brokerages have issued reports on NXRT. ValuEngine downgraded shares of NexPoint Residential Trust from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research downgraded shares of NexPoint Residential Trust from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of NexPoint Residential Trust in a report on Thursday, November 2nd. B. Riley reiterated a “buy” rating and issued a $28.00 price target (up from $27.00) on shares of NexPoint Residential Trust in a report on Thursday, November 2nd. Finally, FBR & Co reiterated a “buy” rating and issued a $27.00 price target on shares of NexPoint Residential Trust in a report on Thursday, October 26th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $27.50.
NexPoint Residential Trust (NYSE:NXRT) last posted its earnings results on Tuesday, February 13th. The financial services provider reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. NexPoint Residential Trust had a net margin of 37.00% and a return on equity of 23.02%. The firm had revenue of $34.90 million for the quarter, compared to the consensus estimate of $36.28 million. During the same period in the previous year, the firm posted $0.39 EPS. The business’s quarterly revenue was up 7.1% on a year-over-year basis. equities analysts anticipate that NexPoint Residential Trust will post 1.67 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Tuesday, March 20th will be issued a $0.25 dividend. The ex-dividend date is Monday, March 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.23%. NexPoint Residential Trust’s dividend payout ratio (DPR) is presently 40.32%.
In other NexPoint Residential Trust news, insider James D. Dondero bought 24,788 shares of NexPoint Residential Trust stock in a transaction dated Monday, January 22nd. The shares were purchased at an average cost of $27.23 per share, for a total transaction of $674,977.24. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider James D. Dondero bought 18,700 shares of NexPoint Residential Trust stock in a transaction dated Wednesday, January 17th. The stock was acquired at an average price of $26.98 per share, for a total transaction of $504,526.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 86,553 shares of company stock worth $2,360,392. Insiders own 19.00% of the company’s stock.
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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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