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

NexPoint Residential Trust (NYSE:NXRT) will be announcing its earnings results 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.Individual that wish to listen to the company’s earnings 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 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.29). NexPoint Residential Trust had a net margin of 32.93% and a return on equity of 17.69%. The company had revenue of $64.24 million for the quarter, compared to analyst estimates of $64.99 million. During the same quarter last year, the company posted $0.88 EPS. 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

NYSE NXRT opened at $44.07 on Tuesday. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 2.96. NexPoint Residential Trust has a fifty-two week low of $26.21 and a fifty-two week high of $48.37. The business has a fifty day moving average of $44.76 and a 200-day moving average of $40.06. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 15.57, a price-to-earnings-growth ratio of 1.30 and a beta of 1.37.

NexPoint Residential Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a dividend of $0.462 per share. This represents a $1.85 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date was Friday, September 13th. NexPoint Residential Trust’s dividend payout ratio is presently 65.37%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on NXRT shares. Raymond James raised shares of NexPoint Residential Trust from a “market perform” rating to an “outperform” rating and set a $50.00 price target on the stock in a research note on Monday. Truist Financial raised their target price on shares of NexPoint Residential Trust from $37.00 to $46.00 and gave the stock a “hold” rating in a research report on Tuesday, August 27th. Compass Point boosted their price target on NexPoint Residential Trust from $45.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. JMP Securities raised their price objective on NexPoint Residential Trust from $40.00 to $50.00 and gave the stock a “market outperform” rating in a report on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft upped 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. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average 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.