NexPoint Residential Trust (NXRT) Expected to Announce Earnings on Tuesday

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) is expected to issue its Q1 2025 quarterly earnings data before the market opens on Tuesday, April 29th. Analysts expect the company to announce earnings of $0.78 per share and revenue of $63.29 million for the quarter.

NexPoint Residential Trust Trading Down 0.3 %

NexPoint Residential Trust stock traded down $0.12 during midday trading on Friday, reaching $36.50. 88,182 shares of the stock traded hands, compared to its average volume of 131,550. The firm has a market cap of $931.99 million, a PE ratio of 20.86, a price-to-earnings-growth ratio of 2.34 and a beta of 1.18. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 3.25. The company has a 50-day simple moving average of $38.19 and a two-hundred day simple moving average of $41.09. NexPoint Residential Trust has a 12-month low of $30.98 and a 12-month high of $48.37.

NexPoint Residential Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $0.51 per share. The ex-dividend date was Friday, March 14th. This represents a $2.04 annualized dividend and a dividend yield of 5.59%. NexPoint Residential Trust's dividend payout ratio is presently -20,400.00%.

Insider Transactions at NexPoint Residential Trust

In related news, insider Paul Richards acquired 5,814 shares of NexPoint Residential Trust stock in a transaction dated Monday, April 7th. The stock was acquired at an average price of $33.24 per share, for a total transaction of $193,257.36. Following the transaction, the insider now owns 18,493 shares of the company's stock, valued at $614,707.32. This represents a 45.86 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 15.36% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Raymond James cut their target price on shares of NexPoint Residential Trust from $50.00 to $44.00 and set an "outperform" rating on the stock in a research note on Thursday, March 20th. Jefferies Financial Group upped their price objective on NexPoint Residential Trust from $41.00 to $43.00 and gave the stock a "hold" rating in a research report on Monday, March 10th. Truist Financial lifted their target price on NexPoint Residential Trust from $41.00 to $42.00 and gave the company a "hold" rating in a report on Monday, March 10th. Finally, StockNews.com downgraded NexPoint Residential Trust from a "hold" rating to a "sell" rating in a report on Saturday, March 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $46.33.

About NexPoint Residential Trust

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.