Equities research analysts expect NexPoint Residential Trust Inc (NYSE:NXRT) to announce sales of $41.83 million for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for NexPoint Residential Trust’s earnings. The highest sales estimate is $42.70 million and the lowest is $40.96 million. NexPoint Residential Trust posted sales of $35.06 million in the same quarter last year, which suggests a positive year-over-year growth rate of 19.3%. The firm is scheduled to announce its next earnings results before the market opens on Tuesday, April 30th.

According to Zacks, analysts expect that NexPoint Residential Trust will report full year sales of $172.89 million for the current fiscal year, with estimates ranging from $168.87 million to $177.20 million. For the next financial year, analysts forecast that the firm will post sales of $177.57 million, with estimates ranging from $175.13 million to $178.97 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for NexPoint Residential Trust.

NexPoint Residential Trust (NYSE:NXRT) last announced its quarterly earnings results on Tuesday, February 19th. The financial services provider reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.67). NexPoint Residential Trust had a negative net margin of 1.09% and a negative return on equity of 0.63%. The company had revenue of $39.39 million during the quarter, compared to analysts’ expectations of $38.75 million.

A number of research analysts have commented on NXRT shares. B. Riley lifted their price objective on shares of NexPoint Residential Trust from $37.00 to $41.00 and gave the company a “buy” rating in a research note on Wednesday, February 20th. Zacks Investment Research upgraded shares of NexPoint Residential Trust from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research note on Friday, February 8th. Boenning Scattergood restated a “hold” rating on shares of NexPoint Residential Trust in a research note on Wednesday, February 20th. Finally, Raymond James started coverage on shares of NexPoint Residential Trust in a research note on Wednesday, February 6th. They issued an “outperform” rating and a $41.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $38.20.

NXRT traded up $0.58 on Friday, reaching $35.70. The company had a trading volume of 1,299 shares, compared to its average volume of 86,350. NexPoint Residential Trust has a 1 year low of $25.20 and a 1 year high of $40.23. The stock has a market cap of $847.60 million, a PE ratio of 18.99, a price-to-earnings-growth ratio of 2.13 and a beta of 0.56. The company has a debt-to-equity ratio of 2.83, a current ratio of 2.19 and a quick ratio of 2.19.

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a dividend of $0.275 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.08%. NexPoint Residential Trust’s dividend payout ratio (DPR) is 58.51%.

Several institutional investors have recently modified their holdings of NXRT. IFP Advisors Inc acquired a new position in NexPoint Residential Trust during the fourth quarter worth about $28,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in NexPoint Residential Trust by 108.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,072 shares of the financial services provider’s stock worth $38,000 after buying an additional 557 shares during the period. Winslow Evans & Crocker Inc. acquired a new position in NexPoint Residential Trust during the fourth quarter worth about $54,000. Oppenheimer Asset Management Inc. purchased a new position in NexPoint Residential Trust during the fourth quarter worth approximately $62,000. Finally, Advisor Group Inc. raised its stake in NexPoint Residential Trust by 941.5% during the fourth quarter. Advisor Group Inc. now owns 2,156 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 1,949 shares during the period. Institutional investors and hedge funds own 66.15% of the company’s stock.

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

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