News coverage about NexPoint Residential Trust (NASDAQ:NXRT) has trended somewhat positive recently, according to Accern. The research group ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. NexPoint Residential Trust earned a daily sentiment score of 0.04 on Accern’s scale. Accern also gave media headlines about the company an impact score of 45.9692074459113 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
A number of research analysts recently issued reports on the company. Zacks Investment Research upgraded NexPoint Residential Trust from a “sell” rating to a “hold” rating in a research report on Wednesday. BidaskClub lowered NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research report on Friday, October 6th. Ladenburg Thalmann Financial Services restated a “buy” rating on shares of NexPoint Residential Trust in a research report on Wednesday, August 2nd. Canaccord Genuity set a $28.00 price objective on NexPoint Residential Trust and gave the company a “buy” rating in a research report on Tuesday, August 1st. Finally, Janney Montgomery Scott assumed coverage on NexPoint Residential Trust in a research report on Friday, September 8th. They set a “neutral” rating for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $28.00.
NexPoint Residential Trust (NASDAQ:NXRT) traded up 0.59% on Thursday, reaching $23.94. The company had a trading volume of 61,819 shares. The company has a 50-day moving average of $23.59 and a 200 day moving average of $23.59. NexPoint Residential Trust has a one year low of $16.67 and a one year high of $26.10. The stock has a market cap of $503.77 million and a price-to-earnings ratio of 45.51.
NexPoint Residential Trust (NASDAQ:NXRT) last issued its 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). NexPoint Residential Trust had a return on equity of 14.15% and a net margin of 28.18%. The company had revenue of $35.23 million during the quarter, compared to analyst estimates of $35.95 million. During the same period in the previous year, the company posted $0.37 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. On average, equities research analysts predict that NexPoint Residential Trust will post ($0.10) EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were issued a $0.22 dividend. The ex-dividend date was Thursday, September 14th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.68%.
In other NexPoint Residential Trust news, insider James D. Dondero purchased 12,600 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was purchased at an average cost of $23.81 per share, with a total value of $300,006.00. Following the acquisition, the insider now directly owns 5,202 shares of the company’s stock, valued at approximately $123,859.62. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, insider James D. Dondero purchased 2,000 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The shares were acquired at an average cost of $23.30 per share, with a total value of $46,600.00. Following the completion of the acquisition, 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 a total of 57,500 shares of company stock valued at $1,387,418 over the last ninety days.
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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.
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