Somewhat Negative News Coverage Somewhat Unlikely to Affect NexPoint Residential Trst (NXRT) Stock Price

Media coverage about NexPoint Residential Trst (NYSE:NXRT) has trended somewhat negative this week, according to Accern Sentiment. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. NexPoint Residential Trst earned a coverage optimism score of -0.01 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 45.2036659465089 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the news stories that may have effected Accern’s scoring:

Shares of NYSE NXRT traded down $0.20 during trading hours on Friday, hitting $25.90. The stock had a trading volume of 51,503 shares, compared to its average volume of 79,924. The stock has a market cap of $542.11, a price-to-earnings ratio of 22.14 and a beta of 0.80. NexPoint Residential Trst has a 52 week low of $22.84 and a 52 week high of $29.40. The company has a debt-to-equity ratio of 3.28, a quick ratio of 1.74 and a current ratio of 1.74.

NexPoint Residential Trst (NYSE:NXRT) last announced its quarterly earnings results on Tuesday, February 13th. The financial services provider reported $0.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.02. The business had revenue of $34.90 million during the quarter, compared to analysts’ expectations of $36.28 million. NexPoint Residential Trst had a return on equity of 23.02% and a net margin of 37.00%. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.39 EPS. analysts predict that NexPoint Residential Trst will post 1.66 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Tuesday, March 20th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 19th. This represents a $1.00 annualized dividend and a dividend yield of 3.86%. NexPoint Residential Trst’s payout ratio is 85.47%.

A number of equities analysts have recently weighed in on NXRT shares. Zacks Investment Research upgraded NexPoint Residential Trst from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Friday, January 12th. ValuEngine upgraded NexPoint Residential Trst from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Finally, TheStreet upgraded NexPoint Residential Trst from a “d-” rating to a “c” rating in a report on Monday, March 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. NexPoint Residential Trst presently has a consensus rating of “Buy” and a consensus price target of $27.50.

In other news, insider James D. Dondero purchased 24,788 shares of the stock in a transaction that occurred on Monday, January 22nd. The stock was acquired at an average price of $27.23 per share, with a total value of $674,977.24. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 19.00% of the company’s stock.

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NexPoint Residential Trst 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.

Insider Buying and Selling by Quarter for NexPoint Residential Trst (NYSE:NXRT)

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