NexPoint Residential Trust (NXRT) to Release Earnings on Tuesday

NexPoint Residential Trust (NYSE:NXRT) will be posting its quarterly earnings results before the market opens on Tuesday, April 30th. Analysts expect NexPoint Residential Trust to post earnings of $0.71 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

NexPoint Residential Trust Stock Performance

NXRT opened at $33.27 on Friday. The company has a market capitalization of $857.37 million, a price-to-earnings ratio of 19.80, a price-to-earnings-growth ratio of 0.99 and a beta of 1.28. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.59 and a quick ratio of 1.59. NexPoint Residential Trust has a 1-year low of $26.21 and a 1-year high of $49.87. The business has a 50 day moving average price of $30.88 and a two-hundred day moving average price of $31.33.

NexPoint Residential Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a $0.462 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.85 dividend on an annualized basis and a yield of 5.55%. NexPoint Residential Trust’s dividend payout ratio (DPR) is 110.12%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Raymond James downgraded NexPoint Residential Trust from a “market perform” rating to an “underperform” rating in a research report on Monday, March 18th. Deutsche Bank Aktiengesellschaft began coverage on NexPoint Residential Trust in a research report on Tuesday, January 30th. They set a “buy” rating and a $38.00 price objective for the company. Truist Financial cut their price objective on NexPoint Residential Trust from $37.00 to $35.00 and set a “hold” rating for the company in a research report on Tuesday, April 9th. Finally, JMP Securities reiterated a “market outperform” rating and set a $40.00 price objective on shares of NexPoint Residential Trust in a research report on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price 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.