NexPoint Residential Trust (NYSE:NXRT) Releases Earnings Results, Misses Estimates By $0.04 EPS

NexPoint Residential Trust (NYSE:NXRT) announced its quarterly earnings data on Tuesday. The financial services provider reported ($0.45) earnings per share for the quarter, missing the consensus estimate of ($0.41) by ($0.04), FiscalAI reports. The business had revenue of $64.47 million for the quarter, compared to the consensus estimate of $64.72 million. NexPoint Residential Trust had a negative return on equity of 11.75% and a negative net margin of 13.22%.

NexPoint Residential Trust Price Performance

Shares of NYSE NXRT traded down $1.47 during mid-day trading on Tuesday, hitting $16.57. 552,148 shares of the stock traded hands, compared to its average volume of 330,420. The company has a market cap of $423.49 million, a PE ratio of -12.47, a price-to-earnings-growth ratio of 0.31 and a beta of 1.18. NexPoint Residential Trust has a twelve month low of $16.23 and a twelve month high of $32.36. The company has a debt-to-equity ratio of 6.41, a current ratio of 1.92 and a quick ratio of 1.92. The firm has a 50 day simple moving average of $20.65 and a two-hundred day simple moving average of $25.87.

NexPoint Residential Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be issued a dividend of $0.53 per share. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $2.12 annualized dividend and a dividend yield of 12.8%. NexPoint Residential Trust’s dividend payout ratio (DPR) is -159.40%.

Insider Transactions at NexPoint Residential Trust

In other news, insider Matt Mcgraner bought 5,500 shares of the stock in a transaction on Monday, October 5th. The stock was acquired at an average price of $18.42 per share, with a total value of $101,310.00. Following the acquisition, the insider directly owned 361,605 shares in the company, valued at approximately $6,660,764.10. This trade represents a 1.54% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 16.63% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on NXRT shares. Deutsche Bank Aktiengesellschaft set a $23.00 target price on NexPoint Residential Trust in a research note on Wednesday, September 9th. Citigroup restated a “market perform” rating on shares of NexPoint Residential Trust in a research note on Thursday, August 20th. Citizens Jmp restated a “market perform” rating on shares of NexPoint Residential Trust in a research note on Thursday, August 20th. Zacks Research lowered shares of NexPoint Residential Trust from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 13th. Finally, Weiss Ratings upgraded shares of NexPoint Residential Trust from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, October 27th. Three equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $20.50.

NexPoint Residential Trust Company Profile

NexPoint Residential Trust, Inc (NYSE: NXRT) is a publicly traded real estate investment trust focused on acquiring, owning, operating and selectively renovating multifamily apartment communities. The company generally targets value-add properties, seeking to improve their operating performance and resident appeal through renovations, property management initiatives and other capital improvements.

NexPoint Residential Trust’s portfolio is concentrated primarily in the Southeastern and Southwestern United States.