NexPoint Residential Trust Inc (NASDAQ:NXRT) – DA Davidson issued their Q1 2017 earnings estimates for NexPoint Residential Trust in a research report issued to clients and investors on Friday. DA Davidson analyst J. Lykins expects that the firm will earn $0.39 per share for the quarter. DA Davidson has a “Buy” rating and a $23.00 price target on the stock. DA Davidson also issued estimates for NexPoint Residential Trust’s Q2 2017 earnings at $0.39 EPS, Q3 2017 earnings at $0.41 EPS, Q4 2017 earnings at $0.42 EPS, FY2017 earnings at $1.62 EPS and FY2018 earnings at $1.81 EPS.

NexPoint Residential Trust (NASDAQ:NXRT) last issued its quarterly earnings data on Thursday, November 10th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.04. The company had revenue of $33.10 million for the quarter, compared to analysts’ expectations of $33.16 million. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.34 EPS.

Earnings History and Estimates for NexPoint Residential Trust (NASDAQ:NXRT)

Other research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a report on Wednesday, October 12th. Compass Point assumed coverage on shares of NexPoint Residential Trust in a report on Friday, September 23rd. They issued a “buy” rating and a $24.00 target price for the company.

NexPoint Residential Trust (NASDAQ:NXRT) opened at 19.16 on Monday. The stock has a 50 day moving average of $18.77 and a 200 day moving average of $18.00. NexPoint Residential Trust has a 12-month low of $10.35 and a 12-month high of $21.47.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Nomura Asset Management Co. Ltd. raised its position in shares of NexPoint Residential Trust by 3.2% in the third quarter. Nomura Asset Management Co. Ltd. now owns 12,380 shares of the company’s stock worth $243,000 after buying an additional 380 shares during the period. California State Teachers Retirement System raised its position 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 period. BlackRock Advisors LLC raised its position in shares of NexPoint Residential Trust by 14.8% in the third quarter. BlackRock Advisors LLC now owns 10,414 shares of the company’s stock worth $205,000 after buying an additional 1,342 shares during the period. BlackRock Inc. raised its position in shares of NexPoint Residential Trust by 28.5% in the third quarter. BlackRock Inc. now owns 6,606 shares of the company’s stock worth $129,000 after buying an additional 1,464 shares during the period. Finally, Capital Investment Advisors LLC raised its position in shares of NexPoint Residential Trust by 4.1% in the third quarter. Capital Investment Advisors LLC now owns 39,036 shares of the company’s stock worth $767,000 after buying an additional 1,542 shares during the period.

In other NexPoint Residential Trust news, insider James D. Dondero acquired 7,600 shares of the company’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 acquisition, the insider now directly owns 5,051 shares in the company, valued at $99,706.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Edward N. Constantino acquired 4,815 shares of the company’s stock in a transaction that occurred on 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 acquisition, the director now owns 12,175 shares in the company, valued at $252,874.75. The disclosure for this purchase can be found here.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Thursday, December 15th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, December 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.59%. This is a boost from NexPoint Residential Trust’s previous quarterly dividend of $0.21.

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.

5 Day Chart for NASDAQ:NXRT

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