Brokerages expect that NexPoint Residential Trust, Inc. (NYSE:NXRT) will post $36.40 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for NexPoint Residential Trust’s earnings. The highest sales estimate is $37.17 million and the lowest is $35.78 million. NexPoint Residential Trust posted sales of $32.60 million during the same quarter last year, which suggests a positive year over year growth rate of 11.7%. The company is expected to issue its next earnings results on Tuesday, March 13th.

According to Zacks, analysts expect that NexPoint Residential Trust will report full-year sales of $36.40 million for the current fiscal year, with estimates ranging from $145.38 million to $146.49 million. For the next year, analysts anticipate that the firm will report sales of $149.49 million per share, with estimates ranging from $141.63 million to $156.54 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover NexPoint Residential Trust.

A number of research firms recently commented on NXRT. BidaskClub upgraded shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, September 12th. B. Riley raised their target price on shares of NexPoint Residential Trust from $27.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. Ladenburg Thalmann Financial Services restated a “buy” rating on shares of NexPoint Residential Trust in a report on Thursday, November 2nd. FBR & Co started coverage on shares of NexPoint Residential Trust in a report on Thursday, October 26th. They set a “buy” rating and a $27.00 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 report on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $27.75.

In related news, insider James D. Dondero acquired 1,100 shares of the firm’s stock in a transaction that occurred on Tuesday, October 10th. The shares were bought at an average cost of $23.37 per share, for a total transaction of $25,707.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 19.00% of the company’s stock.

Several institutional investors have recently made changes to their positions in NXRT. Numeric Investors LLC increased its holdings in shares of NexPoint Residential Trust by 61.0% during the second quarter. Numeric Investors LLC now owns 547,597 shares of the financial services provider’s stock valued at $13,630,000 after acquiring an additional 207,460 shares in the last quarter. Boston Partners increased its holdings in shares of NexPoint Residential Trust by 89.0% during the third quarter. Boston Partners now owns 275,200 shares of the financial services provider’s stock valued at $6,530,000 after acquiring an additional 129,600 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of NexPoint Residential Trust by 19.8% during the second quarter. Renaissance Technologies LLC now owns 780,100 shares of the financial services provider’s stock valued at $19,417,000 after acquiring an additional 129,000 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of NexPoint Residential Trust by 109.3% during the third quarter. Russell Investments Group Ltd. now owns 220,919 shares of the financial services provider’s stock valued at $5,242,000 after acquiring an additional 115,368 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of NexPoint Residential Trust by 44.7% during the second quarter. Principal Financial Group Inc. now owns 300,434 shares of the financial services provider’s stock valued at $7,478,000 after acquiring an additional 92,818 shares in the last quarter. Institutional investors own 56.62% of the company’s stock.

Shares of NexPoint Residential Trust (NYSE NXRT) opened at $27.54 on Tuesday. NexPoint Residential Trust has a 12 month low of $20.18 and a 12 month high of $29.28. The firm has a market cap of $585.24, a PE ratio of 17.59, a P/E/G ratio of 4.79 and a beta of 0.93. The company has a debt-to-equity ratio of 3.09, a quick ratio of 1.72 and a current ratio of 1.72.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a $0.25 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.00 annualized dividend and a dividend yield of 3.63%. This is a positive change from NexPoint Residential Trust’s previous quarterly dividend of $0.22. NexPoint Residential Trust’s payout ratio is currently 32.71%.

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About NexPoint Residential Trust

NexPoint Residential Trust, Inc is an externally managed real estate investment trust (REIT). The Company’s investment objectives are to maximize the cash flow and value of properties owned, acquire properties with cash flow growth potential, provide quarterly cash distributions and achieve long-term capital appreciation for its stockholders through targeted management and a value-add program.

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