Brokerages predict that NexPoint Residential Trust Inc (NYSE:NXRT) will announce sales of $43.31 million for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for NexPoint Residential Trust’s earnings, with estimates ranging from $42.50 million to $44.33 million. NexPoint Residential Trust reported sales of $35.66 million in the same quarter last year, which would suggest a positive year over year growth rate of 21.5%. The business is scheduled to issue its next earnings results on Tuesday, July 30th.

According to Zacks, analysts expect that NexPoint Residential Trust will report full-year sales of $172.45 million for the current financial year, with estimates ranging from $169.85 million to $175.79 million. For the next fiscal year, analysts expect that the company will post sales of $180.37 million, with estimates ranging from $171.87 million to $185.32 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover NexPoint Residential Trust.

NexPoint Residential Trust (NYSE:NXRT) last released its earnings results on Tuesday, April 30th. The financial services provider reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.63). NexPoint Residential Trust had a negative return on equity of 6.13% and a negative net margin of 10.49%. The firm had revenue of $41.50 million for the quarter, compared to the consensus estimate of $41.83 million.

A number of equities research analysts have commented on NXRT shares. Zacks Investment Research upgraded shares of NexPoint Residential Trust from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research note on Friday, February 8th. B. Riley raised their target price on shares of NexPoint Residential Trust from $37.00 to $41.00 and gave the stock a “buy” rating in a research note on Wednesday, February 20th. Boenning Scattergood restated a “hold” rating on shares of NexPoint Residential Trust in a research note on Wednesday, February 20th. Raymond James started coverage on shares of NexPoint Residential Trust in a research note on Wednesday, February 6th. They set an “outperform” rating and a $41.00 target price on the stock. Finally, LADENBURG THALM/SH SH lifted their price objective on shares of NexPoint Residential Trust from $41.50 to $44.00 and gave the company a “buy” rating in a research report on Friday. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. NexPoint Residential Trust presently has an average rating of “Buy” and a consensus price target of $40.00.

NYSE NXRT opened at $40.23 on Tuesday. NexPoint Residential Trust has a 12 month low of $26.77 and a 12 month high of $41.91. The company has a market cap of $947.49 million, a price-to-earnings ratio of 21.40, a PEG ratio of 2.17 and a beta of 0.42. The company has a current ratio of 2.88, a quick ratio of 2.88 and a debt-to-equity ratio of 3.45.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 2.73%. The ex-dividend date is Thursday, June 13th. NexPoint Residential Trust’s payout ratio is currently 58.51%.

Several institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its position in shares of NexPoint Residential Trust by 5.9% during the first quarter. Wellington Management Group LLP now owns 1,880,263 shares of the financial services provider’s stock valued at $72,090,000 after buying an additional 104,607 shares during the last quarter. BlackRock Inc. raised its position in shares of NexPoint Residential Trust by 3.9% during the first quarter. BlackRock Inc. now owns 1,477,672 shares of the financial services provider’s stock valued at $56,655,000 after buying an additional 55,904 shares during the last quarter. Boston Partners raised its position in shares of NexPoint Residential Trust by 32.2% during the fourth quarter. Boston Partners now owns 372,510 shares of the financial services provider’s stock valued at $13,056,000 after buying an additional 90,770 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of NexPoint Residential Trust by 13.7% during the third quarter. JPMorgan Chase & Co. now owns 290,614 shares of the financial services provider’s stock valued at $9,648,000 after buying an additional 34,931 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of NexPoint Residential Trust by 34.7% during the first quarter. Goldman Sachs Group Inc. now owns 277,029 shares of the financial services provider’s stock valued at $10,621,000 after buying an additional 71,356 shares during the last quarter. Hedge funds and other institutional investors own 67.21% 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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