$38.84 Million in Sales Expected for NexPoint Residential Trust Inc (NXRT) This Quarter
Wall Street analysts expect that NexPoint Residential Trust Inc (NYSE:NXRT) will post $38.84 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for NexPoint Residential Trust’s earnings. The lowest sales estimate is $37.61 million and the highest is $39.81 million. NexPoint Residential Trust posted sales of $34.91 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 11.3%. The company is scheduled to report its next quarterly earnings report on Tuesday, February 12th.
On average, analysts expect that NexPoint Residential Trust will report full-year sales of $146.05 million for the current year, with estimates ranging from $144.81 million to $147.02 million. For the next year, analysts forecast that the firm will report sales of $160.26 million, with estimates ranging from $155.82 million to $163.51 million. Zacks’ sales averages are an average based on a survey of research firms that cover NexPoint Residential Trust.
NexPoint Residential Trust (NYSE:NXRT) last released its earnings results on Tuesday, October 30th. The financial services provider reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.69). NexPoint Residential Trust had a negative net margin of 0.82% and a negative return on equity of 0.49%. The firm had revenue of $36.50 million during the quarter, compared to analyst estimates of $36.04 million.
In other NexPoint Residential Trust news, insider James D. Dondero purchased 207,972 shares of the stock in a transaction on Friday, November 16th. The shares were bought at an average cost of $33.00 per share, with a total value of $6,863,076.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 19.00% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the business. Russell Investments Group Ltd. boosted its stake in shares of NexPoint Residential Trust by 90.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 366,196 shares of the financial services provider’s stock worth $10,419,000 after acquiring an additional 173,662 shares in the last quarter. Highland Capital Management LP boosted its stake in shares of NexPoint Residential Trust by 6.4% during the 2nd quarter. Highland Capital Management LP now owns 2,453,418 shares of the financial services provider’s stock worth $71,994,000 after acquiring an additional 148,144 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of NexPoint Residential Trust by 10.4% during the 3rd quarter. Renaissance Technologies LLC now owns 1,190,200 shares of the financial services provider’s stock worth $39,515,000 after acquiring an additional 112,200 shares in the last quarter. Boston Partners boosted its stake in shares of NexPoint Residential Trust by 29.6% during the 2nd quarter. Boston Partners now owns 298,490 shares of the financial services provider’s stock worth $8,492,000 after acquiring an additional 68,090 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in shares of NexPoint Residential Trust by 5.1% during the 3rd quarter. BlackRock Inc. now owns 1,310,155 shares of the financial services provider’s stock worth $43,496,000 after acquiring an additional 63,114 shares in the last quarter. 54.54% of the stock is currently owned by institutional investors.
Shares of NYSE NXRT traded up $0.31 during mid-day trading on Monday, hitting $37.30. The stock had a trading volume of 125,600 shares, compared to its average volume of 85,724. The company has a debt-to-equity ratio of 3.83, a current ratio of 0.98 and a quick ratio of 0.98. NexPoint Residential Trust has a twelve month low of $23.03 and a twelve month high of $38.17. The company has a market cap of $869.25 million, a price-to-earnings ratio of 31.88, a PEG ratio of 2.02 and a beta of 0.59.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Monday, December 17th will be issued a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 2.95%. This is a positive change from NexPoint Residential Trust’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, December 14th. NexPoint Residential Trust’s dividend payout ratio is presently 85.47%.
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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