NexPoint Residential Trust (NXRT) Scheduled to Post Earnings on Tuesday

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) is scheduled to be releasing its quarterly earnings data before the market opens on Tuesday, October 29th. Analysts expect NexPoint Residential Trust to post earnings of $0.66 per share for the quarter. NexPoint Residential Trust has set its FY 2024 guidance at 2.720-2.720 EPS.Investors that wish to listen to the company's conference call can do so using this link.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last posted its earnings results on Tuesday, July 30th. The financial services provider reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates of $0.69 by ($0.29). NexPoint Residential Trust had a return on equity of 17.69% and a net margin of 32.93%. The business had revenue of $64.24 million for the quarter, compared to analyst estimates of $64.99 million. During the same period in the previous year, the firm posted $0.88 earnings per share. On average, analysts expect NexPoint Residential Trust to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

NexPoint Residential Trust Stock Performance

NexPoint Residential Trust stock traded up $0.06 during mid-day trading on Tuesday, hitting $44.11. 55,811 shares of the company's stock traded hands, compared to its average volume of 141,588. The company has a debt-to-equity ratio of 2.96, a current ratio of 2.00 and a quick ratio of 2.00. The firm has a 50 day simple moving average of $44.76 and a two-hundred day simple moving average of $40.06. NexPoint Residential Trust has a fifty-two week low of $26.21 and a fifty-two week high of $48.37. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 15.57, a P/E/G ratio of 1.30 and a beta of 1.37.

NexPoint Residential Trust Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a dividend of $0.462 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date was Friday, September 13th. NexPoint Residential Trust's dividend payout ratio is presently 65.37%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. JMP Securities increased their price target on shares of NexPoint Residential Trust from $40.00 to $50.00 and gave the company a "market outperform" rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft increased their target price on NexPoint Residential Trust from $38.00 to $44.00 and gave the stock a "hold" rating in a research note on Tuesday, September 10th. Truist Financial boosted their price target on NexPoint Residential Trust from $37.00 to $46.00 and gave the company a "hold" rating in a research note on Tuesday, August 27th. Compass Point increased their price objective on NexPoint Residential Trust from $45.00 to $55.00 and gave the stock a "buy" rating in a research report on Wednesday, July 31st. Finally, Raymond James raised shares of NexPoint Residential Trust from a "market perform" rating to an "outperform" rating and set a $50.00 target price for the company in a research report on Monday. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $46.83.

NexPoint Residential Trust Company Profile

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.