Brokerages expect NexPoint Residential Trust Inc (NYSE:NXRT) to announce earnings per share (EPS) of $0.51 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for NexPoint Residential Trust’s earnings, with estimates ranging from $0.48 to $0.52. NexPoint Residential Trust posted earnings of $0.48 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 6.3%. The firm is expected to report its next quarterly earnings report on Tuesday, July 30th.

On average, analysts expect that NexPoint Residential Trust will report full year earnings of $2.10 per share for the current financial year, with EPS estimates ranging from $2.01 to $2.16. For the next fiscal year, analysts anticipate that the company will report earnings of $2.24 per share, with EPS estimates ranging from $2.18 to $2.30. Zacks’ earnings per share averages are an average based on a survey of research firms that follow NexPoint Residential Trust.

NexPoint Residential Trust (NYSE:NXRT) last posted its quarterly earnings results on Tuesday, April 30th. The financial services provider reported ($0.19) earnings per share for the quarter, missing the Zacks’ consensus estimate 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 business had revenue of $41.50 million for the quarter, compared to analyst estimates of $41.83 million.

A number of research firms have weighed in on NXRT. Zacks Investment Research upgraded shares of NexPoint Residential Trust from a “sell” rating to a “buy” rating and set a $44.00 price target on the stock in a research note on Tuesday, May 7th. Raymond James upgraded shares of NexPoint Residential Trust from an “outperform” rating to a “strong-buy” rating and lifted their price target for the stock from $41.00 to $44.00 in a research note on Friday, May 3rd. Boenning Scattergood reiterated a “hold” rating on shares of NexPoint Residential Trust in a research note on Wednesday, May 1st. Finally, B. Riley lifted their price target 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. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. NexPoint Residential Trust currently has a consensus rating of “Buy” and an average target price of $39.20.

Several large investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company boosted its stake in shares of NexPoint Residential Trust by 105.4% in the 1st quarter. The Manufacturers Life Insurance Company now owns 12,386 shares of the financial services provider’s stock valued at $475,000 after purchasing an additional 6,355 shares in the last quarter. Citigroup Inc. boosted its stake in shares of NexPoint Residential Trust by 5.7% in the 1st quarter. Citigroup Inc. now owns 5,941 shares of the financial services provider’s stock valued at $228,000 after purchasing an additional 321 shares in the last quarter. OppenheimerFunds Inc. boosted its stake in shares of NexPoint Residential Trust by 19.4% in the 1st quarter. OppenheimerFunds Inc. now owns 13,434 shares of the financial services provider’s stock valued at $515,000 after purchasing an additional 2,185 shares in the last quarter. JMG Financial Group Ltd. acquired a new stake in shares of NexPoint Residential Trust in the 1st quarter valued at $209,000. Finally, Principal Financial Group Inc. boosted its stake in shares of NexPoint Residential Trust by 1.9% in the 1st quarter. Principal Financial Group Inc. now owns 33,757 shares of the financial services provider’s stock valued at $1,294,000 after purchasing an additional 628 shares in the last quarter. Institutional investors own 65.16% of the company’s stock.

NXRT opened at $41.07 on Friday. NexPoint Residential Trust has a fifty-two week low of $26.60 and a fifty-two week high of $41.91. The company has a debt-to-equity ratio of 3.45, a quick ratio of 2.88 and a current ratio of 2.88. The firm has a market cap of $971.02 million, a price-to-earnings ratio of 21.85, a price-to-earnings-growth ratio of 2.24 and a beta of 0.52.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a $0.275 dividend. The ex-dividend date is Thursday, June 13th. This represents a $1.10 annualized dividend and a dividend yield of 2.68%. NexPoint Residential Trust’s dividend payout ratio is presently 58.51%.

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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