NexPoint Residential Trust, Inc. (NXRT) Expected to Announce Quarterly Sales of $36.48 Million
Wall Street brokerages predict that NexPoint Residential Trust, Inc. (NYSE:NXRT) will post $36.48 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for NexPoint Residential Trust’s earnings. The highest sales estimate is $37.17 million and the lowest is $35.78 million. NexPoint Residential Trust reported sales of $32.60 million in the same quarter last year, which indicates a positive year-over-year growth rate of 11.9%. The firm is expected to issue its next earnings results on Tuesday, March 13th.
On average, analysts expect that NexPoint Residential Trust will report full year sales of $36.48 million for the current financial year, with estimates ranging from $145.38 million to $146.49 million. For the next financial year, analysts expect that the company will post sales of $149.08 million per share, with estimates ranging from $141.63 million to $156.54 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover NexPoint Residential Trust.
Several analysts recently weighed in on NXRT shares. B. Riley increased their price target on NexPoint Residential Trust from $27.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday. FBR & Co reiterated a “buy” rating and issued a $27.00 target price on shares of NexPoint Residential Trust in a research note on Thursday, October 26th. Janney Montgomery Scott started coverage on NexPoint Residential Trust in a research note on Friday, September 8th. They set a “neutral” rating on the stock. Finally, BidaskClub lowered NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $27.67.
NexPoint Residential Trust (NYSE NXRT) opened at $26.71 on Friday. The stock has a market capitalization of $563.13 million, a PE ratio of 16.92, a PEG ratio of 4.63 and a beta of 0.81. The company has a quick ratio of 0.73, a current ratio of 1.72 and a debt-to-equity ratio of 3.09.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.74%. The ex-dividend date is Thursday, December 14th. This is an increase from NexPoint Residential Trust’s previous quarterly dividend of $0.22. NexPoint Residential Trust’s dividend payout ratio (DPR) is currently 32.71%.
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NexPoint Residential Trust Company Profile
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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