NexPoint Residential Trust (NYSE:NXRT) Releases FY19 Earnings Guidance

NexPoint Residential Trust (NYSE:NXRT) updated its FY19 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.92 for the period, compared to the Thomson Reuters consensus estimate of $1.88.

Several brokerages have weighed in on NXRT. Raymond James raised shares of NexPoint Residential Trust from an outperform rating to a strong-buy rating and upped their price objective for the stock 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 stock a buy rating in a research note on Friday, May 31st. Compass Point raised shares of NexPoint Residential Trust from a neutral rating to a buy rating and set a $46.50 price objective on the stock in a research note on Wednesday, July 31st. Boenning Scattergood reaffirmed a hold rating on shares of NexPoint Residential Trust in a research note on Wednesday, May 1st. Finally, Zacks Investment Research lowered shares of NexPoint Residential Trust from a buy rating to a hold rating in a research report on Thursday, August 1st. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $43.08.

Shares of NXRT stock opened at $44.02 on Friday. NexPoint Residential Trust has a 1 year low of $31.40 and a 1 year high of $46.68. The firm’s 50 day moving average is $42.93 and its 200-day moving average is $39.42. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 23.41, a PEG ratio of 2.39 and a beta of 0.41. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 3.60.

NexPoint Residential Trust (NYSE:NXRT) last announced its earnings results on Tuesday, July 30th. The financial services provider reported ($0.08) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.54). NexPoint Residential Trust had a negative return on equity of 6.07% and a negative net margin of 10.21%. The company had revenue of $43.07 million for the quarter, compared to analyst estimates of $43.05 million. On average, equities research analysts forecast that NexPoint Residential Trust will post 1.98 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.50%. NexPoint Residential Trust’s payout ratio is 58.51%.

In related news, insider James D. Dondero bought 500,000 shares of NexPoint Residential Trust stock in a transaction dated Tuesday, July 23rd. The shares were bought at an average cost of $41.19 per share, for a total transaction of $20,595,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 21.49% of the stock is currently owned by corporate insiders.

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.

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

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