DA Davidson Research Analysts Lift Earnings Estimates for NexPoint Residential Trust Inc (NXRT)

NexPoint Residential Trust Inc (NASDAQ:NXRT) – Research analysts at DA Davidson increased their Q4 2017 earnings per share (EPS) estimates for shares of NexPoint Residential Trust in a research report issued to clients and investors on Wednesday. DA Davidson analyst J. Lykins now forecasts that the company will post earnings of $0.38 per share for the quarter, up from their prior estimate of $0.35. DA Davidson also issued estimates for NexPoint Residential Trust’s FY2018 earnings at $1.64 EPS.

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NXRT has been the subject of several other research reports. B. Riley raised their price target on shares of NexPoint Residential Trust from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, November 1st. Zacks Investment Research lowered shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a report on Friday. Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of NexPoint Residential Trust in a research note on Thursday. BidaskClub lowered shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research note on Friday, October 6th. Finally, Janney Montgomery Scott started coverage on shares of NexPoint Residential Trust in a research note on Friday, September 8th. They issued a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $27.75.

Shares of NexPoint Residential Trust (NASDAQ:NXRT) opened at $26.71 on Monday. NexPoint Residential Trust has a one year low of $16.67 and a one year high of $26.88.

Several hedge funds have recently added to or reduced their stakes in NXRT. Chicago Equity Partners LLC bought a new position in shares of NexPoint Residential Trust during the 2nd quarter valued at about $209,000. Great West Life Assurance Co. Can lifted its position in shares of NexPoint Residential Trust by 0.3% in the second quarter. Great West Life Assurance Co. Can now owns 10,225 shares of the company’s stock worth $254,000 after purchasing an additional 29 shares in the last quarter. American International Group Inc. raised 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 acquiring an additional 731 shares in the last quarter. Alliancebernstein L.P. raised 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 acquiring an additional 2,230 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised 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 acquiring an additional 385 shares in the last quarter.

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

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

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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