NexPoint Residential Trust Inc (NYSE:NXRT) – Analysts at Boenning Scattergood lifted their Q3 2019 earnings per share estimates for NexPoint Residential Trust in a research report issued to clients and investors on Wednesday, May 1st, according to Zacks Investment Research. Boenning Scattergood analyst M. Ross now forecasts that the financial services provider will post earnings of $0.53 per share for the quarter, up from their prior estimate of $0.52. Boenning Scattergood currently has a “Hold” rating on the stock. Boenning Scattergood also issued estimates for NexPoint Residential Trust’s FY2019 earnings at $1.95 EPS.
NexPoint Residential Trust (NYSE:NXRT) last issued its quarterly earnings results on Tuesday, April 30th. The financial services provider reported ($0.19) EPS for the quarter, missing the consensus estimate of $0.44 by ($0.63). NexPoint Residential Trust had a negative net margin of 10.49% and a negative return on equity of 6.13%. The company had revenue of $41.50 million for the quarter, compared to analyst estimates of $41.83 million.
Shares of NXRT traded up $0.04 during mid-day trading on Monday, reaching $39.99. The company’s stock had a trading volume of 49,100 shares, compared to its average volume of 86,067. NexPoint Residential Trust has a 1-year low of $26.77 and a 1-year high of $41.91. The stock has a market cap of $944.42 million, a price-to-earnings ratio of 21.27, a PEG ratio of 2.16 and a beta of 0.52. The company has a quick ratio of 2.88, a current ratio of 2.88 and a debt-to-equity ratio of 3.45.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a dividend of $0.275 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.10 annualized dividend and a yield of 2.75%. NexPoint Residential Trust’s payout ratio is currently 58.51%.
A number of large investors have recently added to or reduced their stakes in NXRT. Nuveen Asset Management LLC acquired a new stake in NexPoint Residential Trust during the 4th quarter worth approximately $8,232,000. Rothschild & Co. Asset Management US Inc. acquired a new stake in NexPoint Residential Trust during the 1st quarter worth approximately $4,873,000. BlackRock Inc. lifted its holdings in NexPoint Residential Trust by 8.5% during the 4th quarter. BlackRock Inc. now owns 1,421,768 shares of the financial services provider’s stock worth $49,833,000 after purchasing an additional 111,613 shares during the last quarter. Wellington Management Group LLP lifted its holdings in NexPoint Residential Trust by 5.9% during the 1st quarter. Wellington Management Group LLP now owns 1,880,263 shares of the financial services provider’s stock worth $72,090,000 after purchasing an additional 104,607 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in NexPoint Residential Trust by 469.3% during the 4th quarter. New York State Common Retirement Fund now owns 116,649 shares of the financial services provider’s stock worth $4,089,000 after purchasing an additional 96,158 shares during the last quarter. 67.21% of the stock is owned by institutional investors and hedge funds.
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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