NexPoint Residential Trust Inc (NASDAQ:NXRT) issued an update on its FY16 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.38-1.47 for the period, compared to the Thomson Reuters consensus estimate of $1.43.

Shares of NexPoint Residential Trust Inc (NASDAQ:NXRT) opened at 18.49 on Thursday. The stock’s 50 day moving average is $18.82 and its 200-day moving average is $17.95. NexPoint Residential Trust Inc has a one year low of $10.35 and a one year high of $21.47.

NexPoint Residential Trust (NASDAQ:NXRT) last announced its earnings results on Thursday, November 10th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by $0.04. The business had revenue of $33.10 million for the quarter, compared to analyst estimates of $33.16 million. During the same period in the previous year, the firm posted $0.34 EPS. NexPoint Residential Trust’s revenue was up 7.6% compared to the same quarter last year. On average, analysts predict that NexPoint Residential Trust Inc will post $1.44 earnings per share for the current year.

Several brokerages have issued reports on NXRT. DA Davidson reiterated a buy rating and set a $23.00 target price on shares of NexPoint Residential Trust in a research report on Friday, August 26th. Compass Point began coverage on shares of NexPoint Residential Trust in a research report on Friday, September 23rd. They set a buy rating and a $24.00 target price for the company. Finally, Zacks Investment Research upgraded shares of NexPoint Residential Trust from a sell rating to a hold rating in a research report on Tuesday, October 25th.

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

Large investors have recently made changes to their positions in the company. Northern Trust Corp raised its stake in shares of NexPoint Residential Trust by 1.1% in the third quarter. Northern Trust Corp now owns 182,034 shares of the company’s stock worth $3,579,000 after buying an additional 2,057 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of 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 worth $748,000 after buying an additional 400 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of NexPoint Residential Trust by 2.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 400,813 shares of the company’s stock worth $7,880,000 after buying an additional 9,512 shares during the last quarter. TIAA CREF Investment Management LLC raised its stake in shares of NexPoint Residential Trust by 27.7% in the third quarter. TIAA CREF Investment Management LLC now owns 141,571 shares of the company’s stock worth $2,783,000 after buying an additional 30,727 shares during the last quarter. Finally, Teachers Advisors LLC increased its position in shares of NexPoint Residential Trust by 26.1% in the third quarter. Teachers Advisors LLC now owns 35,416 shares of the company’s stock valued at $696,000 after buying an additional 7,335 shares during the last quarter.

NexPoint Residential Trust Company Profile

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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