NexPoint Residential Trust Inc Forecasted to Earn Q1 2018 Earnings of $0.40 Per Share (NXRT)
NexPoint Residential Trust Inc (NYSE:NXRT) – Stock analysts at DA Davidson raised their Q1 2018 earnings estimates for shares of NexPoint Residential Trust in a report issued on Wednesday. DA Davidson analyst J. Lykins now anticipates that the financial services provider will post earnings of $0.40 per share for the quarter, up from their previous forecast of $0.39.
NXRT has been the subject of several other reports. B. Riley raised their target price on NexPoint Residential Trust from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. Zacks Investment Research downgraded NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research note on Friday, November 3rd. Ladenburg Thalmann Financial Services restated a “buy” rating on shares of NexPoint Residential Trust in a research note on Thursday, November 2nd. ValuEngine downgraded NexPoint Residential Trust from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, FBR & Co initiated coverage on NexPoint Residential Trust in a research note on Thursday, October 26th. They set a “buy” rating and a $27.00 target price for the company. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $27.50.
NexPoint Residential Trust (NYSE:NXRT) last announced its earnings results on Tuesday, February 13th. The financial services provider reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.02. The company had revenue of $34.90 million during the quarter, compared to the consensus estimate of $36.28 million. NexPoint Residential Trust had a return on equity of 23.28% and a net margin of 37.00%. The company’s revenue was up 7.1% on a year-over-year basis. During the same period last year, the firm earned $0.39 earnings per share.
Large investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC lifted its holdings in NexPoint Residential Trust by 448.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,270 shares of the financial services provider’s stock worth $147,000 after acquiring an additional 4,309 shares during the last quarter. Forsta AP Fonden bought a new position in NexPoint Residential Trust in the fourth quarter worth about $204,000. Jane Street Group LLC bought a new position in NexPoint Residential Trust in the fourth quarter worth about $215,000. Two Sigma Advisers LP bought a new position in NexPoint Residential Trust in the fourth quarter worth about $252,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in NexPoint Residential Trust by 2.7% in the second quarter. The Manufacturers Life Insurance Company now owns 14,817 shares of the financial services provider’s stock worth $369,000 after acquiring an additional 385 shares during the last quarter. Institutional investors and hedge funds own 55.65% of the company’s stock.
In other news, insider James D. Dondero purchased 24,788 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The stock was acquired at an average cost of $27.23 per share, for a total transaction of $674,977.24. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider James D. Dondero purchased 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The stock was purchased at an average price of $28.50 per share, with a total value of $285,000.00. The disclosure for this purchase can be found here. Insiders purchased 86,553 shares of company stock valued at $2,360,392 over the last quarter. Insiders own 19.00% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Tuesday, March 20th will be paid a $0.25 dividend. The ex-dividend date is Monday, March 19th. This represents a $1.00 dividend on an annualized basis and a yield of 4.27%. NexPoint Residential Trust’s dividend payout ratio (DPR) is 40.32%.
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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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