NexPoint Residential Trust Inc (NASDAQ:NXRT) released its earnings results on Thursday. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.36 by $0.04. The firm earned $33.10 million during the quarter, compared to analyst estimates of $33.16 million. During the same period last year, the business posted $0.34 EPS. The company’s revenue was up 7.6% on a year-over-year basis. NexPoint Residential Trust updated its FY16 guidance to $1.38-1.47 EPS.

NexPoint Residential Trust (NASDAQ:NXRT) opened at 18.49 on Thursday. The stock has a 50 day moving average price of $18.82 and a 200-day moving average price of $17.95. NexPoint Residential Trust has a 12-month low of $10.35 and a 12-month high of $21.47.

Several analysts recently weighed in on the company. DA Davidson restated a “buy” rating and issued a $23.00 price objective on shares of NexPoint Residential Trust in a report on Friday, August 26th. Compass Point assumed coverage on NexPoint Residential Trust in a report on Friday, September 23rd. They issued a “buy” rating and a $24.00 price objective for the company. Finally, Zacks Investment Research upgraded NexPoint Residential Trust from a “sell” rating to a “hold” rating in a report on Tuesday, October 25th.

In other NexPoint Residential Trust news, Director Edward N. Constantino purchased 4,815 shares of the business’s stock in a transaction that occurred on Monday, August 22nd. The shares were acquired at an average price of $20.77 per share, for a total transaction of $100,007.55. Following the completion of the purchase, the director now owns 12,175 shares in the company, valued at approximately $252,874.75. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider James D. Dondero purchased 7,600 shares of the business’s stock in a transaction that occurred on Friday, September 9th. The stock was acquired at an average price of $19.74 per share, for a total transaction of $150,024.00. Following the purchase, the insider now owns 5,051 shares of the company’s stock, valued at approximately $99,706.74. The disclosure for this purchase can be found here.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System boosted its position in NexPoint Residential Trust by 1.1% in the third quarter. California State Teachers Retirement System now owns 38,064 shares of the company’s stock valued at $748,000 after buying an additional 400 shares during the period. BlackRock Advisors LLC raised its position in NexPoint Residential Trust by 14.8% in the third quarter. BlackRock Advisors LLC now owns 10,414 shares of the company’s stock valued at $205,000 after buying an additional 1,342 shares during the period. BlackRock Inc. raised its position in NexPoint Residential Trust by 28.5% in the third quarter. BlackRock Inc. now owns 6,606 shares of the company’s stock valued at $129,000 after buying an additional 1,464 shares during the period. Bank of New York Mellon Corp raised its position in NexPoint Residential Trust by 1.3% in the third quarter. Bank of New York Mellon Corp now owns 151,725 shares of the company’s stock valued at $2,983,000 after buying an additional 1,971 shares during the period. Finally, Northern Trust Corp raised its position in NexPoint Residential Trust by 1.1% in the third quarter. Northern Trust Corp now owns 182,034 shares of the company’s stock valued at $3,579,000 after buying an additional 2,057 shares during the period.

About NexPoint Residential Trust

NexPoint Residential Trust, Inc is an externally managed real estate investment trust (REIT). The Company is focused on multifamily investments primarily located in the Southeastern and Southwestern United States. All of the Company’s business operations are conducted through NexPoint Residential Trust Operating Partnership, L.P.

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