NexPoint Residential Trust (NXRT) Set to Announce Earnings on Tuesday

NexPoint Residential Trust (NYSE:NXRT) will announce its earnings results before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.71 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

NexPoint Residential Trust Stock Performance

Shares of NYSE NXRT opened at $33.27 on Monday. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.59 and a quick ratio of 1.59. The stock’s fifty day moving average price is $30.88 and its two-hundred day moving average price is $31.33. NexPoint Residential Trust has a one year low of $26.21 and a one year high of $49.87. The firm has a market cap of $857.37 million, a price-to-earnings ratio of 19.80, a P/E/G ratio of 1.01 and a beta of 1.28.

NexPoint Residential Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a dividend of $0.462 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.85 annualized dividend and a dividend yield of 5.55%. NexPoint Residential Trust’s dividend payout ratio is currently 110.12%.

Analysts Set New Price Targets

NXRT has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft initiated coverage on NexPoint Residential Trust in a research note on Tuesday, January 30th. They issued a “buy” rating and a $38.00 price objective for the company. JMP Securities reiterated a “market outperform” rating and set a $40.00 price target on shares of NexPoint Residential Trust in a report on Wednesday, March 6th. Truist Financial lowered their target price on NexPoint Residential Trust from $37.00 to $35.00 and set a “hold” rating on the stock in a research note on Tuesday, April 9th. Finally, Raymond James lowered NexPoint Residential Trust from a “market perform” rating to an “underperform” rating in a research note on Monday, March 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $37.25.

NexPoint Residential Trust Company Profile

NexPoint Residential Trust is a publicly traded REIT, with its shares listed on the New York Stock Exchange under the symbol "NXRT," primarily focused on acquiring, owning and operating well-located middle-income multifamily properties with "value-add" potential in large cities and suburban submarkets of large cities, primarily in the Southeastern and Southwestern United States.