NexPoint Residential Trust Inc (NASDAQ:NXRT) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided EPS guidance of $1.15-1.20 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.19. The company issued revenue guidance of $143.5-145 million, compared to the consensus revenue estimate of $144.81 million.
NexPoint Residential Trust Inc (NASDAQ:NXRT) traded up 3.96% during mid-day trading on Wednesday, reaching $24.69. 27,935 shares of the company were exchanged. The firm has a market capitalization of $519.55 million and a P/E ratio of 46.94. The stock has a 50-day moving average of $23.70 and a 200 day moving average of $24.40. NexPoint Residential Trust Inc has a 1-year low of $16.67 and a 1-year high of $26.10.
NexPoint Residential Trust (NASDAQ:NXRT) last announced its quarterly earnings results on Tuesday, August 1st. The company reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.02). The business had revenue of $35.23 million during the quarter, compared to analyst estimates of $35.95 million. NexPoint Residential Trust had a net margin of 28.18% and a return on equity of 14.15%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the company earned $0.37 earnings per share. Equities research analysts forecast that NexPoint Residential Trust Inc will post ($0.10) earnings per share for the current year.
A number of equities analysts recently issued reports on the company. B. Riley FBR, Inc. upped their price target on NexPoint Residential Trust from $27.00 to $28.00 and gave the company a buy rating in a report on Wednesday. FBR & Co assumed coverage on NexPoint Residential Trust in a report on Thursday, October 26th. They issued a buy rating and a $27.00 price target for the company. BidaskClub raised NexPoint Residential Trust from a sell rating to a hold rating in a report on Friday, October 13th. Zacks Investment Research raised NexPoint Residential Trust from a sell rating to a hold rating in a report on Wednesday, October 11th. Finally, Janney Montgomery Scott assumed coverage on NexPoint Residential Trust in a report on Friday, September 8th. They issued a neutral rating for the company. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $27.75.
In other news, insider James D. Dondero acquired 1,100 shares of the firm’s stock in a transaction dated Tuesday, October 10th. The stock was acquired at an average cost of $23.37 per share, with a total value of $25,707.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James D. Dondero acquired 41,900 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The stock was purchased at an average cost of $24.28 per share, with a total value of $1,017,332.00. Following the completion of the acquisition, the insider now directly owns 5,202 shares of the company’s stock, valued at approximately $126,304.56. The disclosure for this purchase can be found here. Insiders bought 58,600 shares of company stock valued at $1,413,125 over the last three months.
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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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