NexPoint Residential Trust (NXRT) to Release Quarterly Earnings on Tuesday

NexPoint Residential Trust (NYSE:NXRT) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.66 per share for the quarter. NexPoint Residential Trust has set its FY 2024 guidance at 2.720-2.720 EPS.Parties that wish to listen to the company’s conference call can do so using this link.

NexPoint Residential Trust (NYSE:NXRT) last posted its earnings results on Tuesday, July 30th. The financial services provider reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.29). The business had revenue of $64.24 million for the quarter, compared to analyst estimates of $64.99 million. NexPoint Residential Trust had a return on equity of 17.69% and a net margin of 32.93%. During the same period in the previous year, the firm posted $0.88 earnings per share. On average, analysts expect NexPoint Residential Trust to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

NexPoint Residential Trust Stock Down 1.7 %

NXRT stock opened at $43.19 on Friday. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 2.96. The firm has a market capitalization of $1.10 billion, a PE ratio of 12.78, a PEG ratio of 1.32 and a beta of 1.37. NexPoint Residential Trust has a 1-year low of $26.21 and a 1-year high of $48.37. The business’s 50 day simple moving average is $44.72 and its 200 day simple moving average is $40.32.

NexPoint Residential Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were issued a dividend of $0.462 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 4.28%. The ex-dividend date was Friday, September 13th. NexPoint Residential Trust’s payout ratio is presently 54.73%.

Wall Street Analysts Forecast Growth

NXRT has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on NexPoint Residential Trust from $38.00 to $44.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. JMP Securities upped their price objective on NexPoint Residential Trust from $40.00 to $50.00 and gave the company a “market outperform” rating in a report on Friday, August 2nd. Compass Point upped their price objective on NexPoint Residential Trust from $45.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Truist Financial upped their price objective on NexPoint Residential Trust from $37.00 to $46.00 and gave the company a “hold” rating in a report on Tuesday, August 27th. Finally, Raymond James raised NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 price objective on the stock in a report on Monday, October 21st. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, NexPoint Residential Trust currently has an average rating of “Hold” and a consensus price target of $46.83.

About NexPoint Residential Trust

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.