NexPoint Residential Trust Inc (NYSE:NXRT) – Equities research analysts at Jefferies Financial Group reduced their FY2019 earnings per share (EPS) estimates for shares of NexPoint Residential Trust in a research report issued on Wednesday, April 10th, Zacks Investment Research reports. Jefferies Financial Group analyst O. Okusanya now forecasts that the financial services provider will post earnings of $1.74 per share for the year, down from their previous forecast of $1.75.
NexPoint Residential Trust (NYSE:NXRT) last released its quarterly earnings results on Tuesday, April 30th. The financial services provider reported ($0.19) earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.63). The firm 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%.
NYSE NXRT traded up $1.41 during trading on Friday, hitting $38.93. 94,271 shares of the stock traded hands, compared to its average volume of 86,606. The stock has a market capitalization of $920.42 million, a PE ratio of 20.71, a P/E/G ratio of 2.18 and a beta of 0.52. NexPoint Residential Trust has a 12-month low of $26.60 and a 12-month high of $40.23. The company has a debt-to-equity ratio of 3.45, a current ratio of 2.88 and a quick ratio of 2.19.
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 paid a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Thursday, June 13th. NexPoint Residential Trust’s payout ratio is 58.51%.
Several large investors have recently bought and sold shares of NXRT. BlackRock Inc. lifted its stake in shares of 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 acquiring an additional 111,613 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of NexPoint Residential Trust by 10.4% during the 3rd quarter. Renaissance Technologies LLC now owns 1,190,200 shares of the financial services provider’s stock worth $39,515,000 after acquiring an additional 112,200 shares during the last quarter. Boston Partners lifted its stake in shares of NexPoint Residential Trust by 32.2% during the 4th quarter. Boston Partners now owns 372,510 shares of the financial services provider’s stock worth $13,056,000 after acquiring an additional 90,770 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of NexPoint Residential Trust by 13.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 290,614 shares of the financial services provider’s stock worth $9,648,000 after acquiring an additional 34,931 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of NexPoint Residential Trust by 11.6% during the 4th quarter. Northern Trust Corp now owns 248,753 shares of the financial services provider’s stock worth $8,719,000 after acquiring an additional 25,800 shares during the last quarter. 66.25% of the stock is owned by institutional investors and hedge funds.
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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