DA Davidson Equities Analysts Lower Earnings Estimates for NexPoint Residential Trust Inc (NYSE:NXRT)

NexPoint Residential Trust Inc (NYSE:NXRT) – Analysts at DA Davidson reduced their Q2 2019 earnings estimates for NexPoint Residential Trust in a research note issued to investors on Wednesday, May 1st, according to Zacks Investment Research. DA Davidson analyst J. Lykins now forecasts that the financial services provider will post earnings of $0.43 per share for the quarter, down from their previous estimate of $0.44. DA Davidson also issued estimates for NexPoint Residential Trust’s Q4 2019 earnings at $0.46 EPS, FY2019 earnings at $1.82 EPS, Q1 2020 earnings at $0.48 EPS, Q2 2020 earnings at $0.50 EPS, Q3 2020 earnings at $0.51 EPS, Q4 2020 earnings at $0.52 EPS and FY2020 earnings at $2.00 EPS.

A number of other research firms also recently issued reports on NXRT. Zacks Investment Research upgraded shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, April 30th. Boenning Scattergood restated a “hold” rating on shares of NexPoint Residential Trust in a research report on Wednesday, February 20th. Raymond James upgraded shares of NexPoint Residential Trust from an “outperform” rating to a “strong-buy” rating and boosted their target price for the company from $41.00 to $44.00 in a research report on Friday, May 3rd. Finally, B. Riley boosted their target price on shares of NexPoint Residential Trust from $37.00 to $41.00 and gave the company a “buy” rating in a research report on Wednesday, February 20th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $39.20.

NYSE NXRT traded up $0.04 on Monday, reaching $39.99. 49,100 shares of the company’s stock traded hands, compared to its average volume of 86,067. The company has a market capitalization of $944.42 million, a PE ratio of 21.27, a P/E/G ratio of 2.16 and a beta of 0.52. NexPoint Residential Trust has a fifty-two week low of $26.77 and a fifty-two week high of $41.91. The company has a debt-to-equity ratio of 3.45, a current ratio of 2.88 and a quick ratio of 2.88.

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

Hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in shares of NexPoint Residential Trust by 2.8% during the third quarter. Dimensional Fund Advisors LP now owns 221,385 shares of the financial services provider’s stock worth $7,350,000 after purchasing an additional 6,109 shares in the last quarter. Citigroup Inc. increased its stake in shares of NexPoint Residential Trust by 24.8% during the fourth quarter. Citigroup Inc. now owns 5,620 shares of the financial services provider’s stock worth $198,000 after purchasing an additional 1,117 shares in the last quarter. First Trust Advisors LP increased its stake in shares of NexPoint Residential Trust by 32.8% during the fourth quarter. First Trust Advisors LP now owns 41,342 shares of the financial services provider’s stock worth $1,449,000 after purchasing an additional 10,211 shares in the last quarter. JPMorgan Chase & Co. increased its stake 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 worth $9,648,000 after purchasing an additional 34,931 shares in the last quarter. Finally, Raymond James & Associates increased its stake in shares of NexPoint Residential Trust by 6.0% during the fourth quarter. Raymond James & Associates now owns 13,029 shares of the financial services provider’s stock worth $457,000 after purchasing an additional 733 shares in the last quarter. 67.21% of the stock is owned by institutional investors and hedge funds.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a $0.275 dividend. The ex-dividend date is Thursday, June 13th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.75%. NexPoint Residential Trust’s dividend payout ratio (DPR) is currently 58.51%.

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

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