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

NexPoint Residential Trust (NYSE:NXRT) will issue 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 register for the company’s conference call can do so using this link.

NexPoint Residential Trust (NYSE:NXRT) last announced 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). NexPoint Residential Trust had a return on equity of 17.69% and a net margin of 32.93%. The company had revenue of $64.24 million during the quarter, compared to analyst estimates of $64.99 million. During the same period in the previous year, the company 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 Performance

NXRT opened at $43.19 on Friday. The business’s 50-day moving average price is $44.72 and its two-hundred day moving average price is $40.32. NexPoint Residential Trust has a 1 year low of $26.21 and a 1 year high of $48.37. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 12.78, a P/E/G ratio of 1.32 and a beta of 1.37. The company has a debt-to-equity ratio of 2.96, a current ratio of 2.00 and a quick ratio of 2.00.

NexPoint Residential Trust Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a $0.462 dividend. This represents a $1.85 annualized dividend and a dividend yield of 4.28%. The ex-dividend date was Friday, September 13th. NexPoint Residential Trust’s dividend payout ratio is 54.73%.

Analysts Set New Price Targets

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

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.