Brokerages forecast that NexPoint Residential Trust, Inc. (NYSE:NXRT) will post $37.01 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for NexPoint Residential Trust’s earnings, with the lowest sales estimate coming in at $36.66 million and the highest estimate coming in at $37.37 million. NexPoint Residential Trust posted sales of $33.10 million in the same quarter last year, which suggests a positive year over year growth rate of 11.8%. The business is scheduled to issue its next earnings report before the market opens on Tuesday, October 31st.
On average, analysts expect that NexPoint Residential Trust will report full-year sales of $37.01 million for the current year, with estimates ranging from $143.22 million to $145.38 million. For the next year, analysts forecast that the business will report sales of $143.28 million per share, with estimates ranging from $141.63 million to $144.92 million. Zacks’ sales calculations are an average based on a survey of analysts that cover NexPoint Residential Trust.
A number of brokerages have weighed in on NXRT. Janney Montgomery Scott began coverage on NexPoint Residential Trust in a research note on Friday, September 8th. They issued a “neutral” rating on the stock. BidaskClub lowered NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research note on Friday, July 28th.
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Shares of NexPoint Residential Trust (NYSE:NXRT) traded down 2.07% on Monday, hitting $24.18. The company had a trading volume of 50,129 shares. The firm has a market capitalization of $508.82 million, a price-to-earnings ratio of 45.97 and a beta of 0.83. The company has a 50 day moving average price of $23.70 and a 200 day moving average price of $24.46. NexPoint Residential Trust has a 1-year low of $16.67 and a 1-year high of $26.10.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were paid a $0.22 dividend. This is a positive change from NexPoint Residential Trust’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend was Thursday, September 14th. NexPoint Residential Trust’s dividend payout ratio is currently 172.55%.
NexPoint Residential Trust Company Profile
NexPoint Residential Trust, Inc is an externally managed real estate investment trust (REIT). The Company’s investment objectives are to maximize the cash flow and value of properties owned, acquire properties with cash flow growth potential, provide quarterly cash distributions and achieve long-term capital appreciation for its stockholders through targeted management and a value-add program.
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