B. Riley Comments on NexPoint Residential Trust Inc’s FY2017 Earnings (NXRT)

NexPoint Residential Trust Inc (NASDAQ:NXRT) – Stock analysts at B. Riley issued their FY2017 earnings per share estimates for shares of NexPoint Residential Trust in a research report issued on Wednesday. B. Riley analyst C. Kucera forecasts that the company will earn $1.15 per share for the year. B. Riley currently has a “Buy” rating and a $28.00 target price on the stock. B. Riley also issued estimates for NexPoint Residential Trust’s Q4 2017 earnings at $0.37 EPS, Q1 2018 earnings at $0.41 EPS, Q2 2018 earnings at $0.42 EPS, Q3 2018 earnings at $0.43 EPS, Q4 2018 earnings at $0.44 EPS and FY2018 earnings at $1.69 EPS.

Several other equities analysts also recently weighed in on NXRT. Zacks Investment Research downgraded shares of NexPoint Residential Trust from a “hold” rating to a “strong sell” rating in a research note on Friday, August 4th. Ladenburg Thalmann Financial Services restated a “buy” rating on shares of NexPoint Residential Trust in a research report on Thursday. FBR & Co assumed coverage on shares of NexPoint Residential Trust in a research report on Thursday, October 26th. They issued a “buy” rating and a $27.00 price objective for the company. BidaskClub lowered shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research report on Friday, October 6th. Finally, Canaccord Genuity set a $28.00 price objective on shares of NexPoint Residential Trust and gave the company a “buy” rating in a research report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. NexPoint Residential Trust has an average rating of “Hold” and an average price target of $27.75.

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NexPoint Residential Trust (NXRT) opened at $26.71 on Monday. NexPoint Residential Trust has a 12 month low of $16.67 and a 12 month high of $26.88.

A number of institutional investors have recently made changes to their positions in NXRT. Chicago Equity Partners LLC bought a new stake in NexPoint Residential Trust during the second quarter valued at approximately $209,000. Great West Life Assurance Co. Can lifted its position in NexPoint Residential Trust by 0.3% during the second quarter. Great West Life Assurance Co. Can now owns 10,225 shares of the company’s stock valued at $254,000 after purchasing an additional 29 shares during the last quarter. American International Group Inc. lifted its position in NexPoint Residential Trust by 7.1% during the first quarter. American International Group Inc. now owns 11,059 shares of the company’s stock valued at $267,000 after purchasing an additional 731 shares during the last quarter. Alliancebernstein L.P. lifted its position in NexPoint Residential Trust by 17.6% during the first quarter. Alliancebernstein L.P. now owns 14,930 shares of the company’s stock valued at $361,000 after purchasing an additional 2,230 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in NexPoint Residential Trust by 2.7% during the second quarter. The Manufacturers Life Insurance Company now owns 14,817 shares of the company’s stock valued at $369,000 after purchasing an additional 385 shares during the last quarter.

In related news, insider James D. Dondero bought 1,100 shares of the company’s stock in a transaction on Tuesday, October 10th. The stock was acquired at an average cost of $23.37 per share, for a total transaction of $25,707.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James D. Dondero bought 2,000 shares of the company’s stock in a transaction on Friday, August 11th. The shares were bought at an average price of $23.30 per share, with a total value of $46,600.00. Following the completion of the transaction, the insider now owns 30,725 shares of the company’s stock, valued at $715,892.50. The disclosure for this purchase can be found here. Insiders bought 4,100 shares of company stock valued at $95,787 over the last 90 days.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a $0.25 dividend. This is a positive change from NexPoint Residential Trust’s previous quarterly dividend of $0.22. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date of this dividend is Thursday, December 14th.

About NexPoint Residential Trust

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.

Earnings History and Estimates for NexPoint Residential Trust (NASDAQ:NXRT)

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