NexPoint Residential Trust (NYSE:NXRT) Releases Quarterly Earnings Results, Beats Expectations By $0.06 EPS

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) posted its quarterly earnings results on Tuesday. The financial services provider reported $0.84 earnings per share for the quarter, topping analysts' consensus estimates of $0.78 by $0.06, Zacks reports. The firm had revenue of $63.22 million for the quarter, compared to analyst estimates of $63.29 million. NexPoint Residential Trust had a net margin of 17.54% and a return on equity of 9.54%. NexPoint Residential Trust updated its FY 2025 guidance to 2.750-2.750 EPS.

NexPoint Residential Trust Price Performance

Shares of NYSE NXRT traded up $0.92 during trading on Friday, hitting $38.62. 5,102 shares of the company were exchanged, compared to its average volume of 131,625. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.79 and a quick ratio of 1.79. NexPoint Residential Trust has a 1 year low of $30.98 and a 1 year high of $48.37. The company has a market cap of $986.12 million, a price-to-earnings ratio of 22.07, a PEG ratio of 2.34 and a beta of 1.18. The firm's fifty day moving average price is $37.98 and its 200 day moving average price is $40.91.

NexPoint Residential Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 5.28%. The ex-dividend date is Monday, June 16th. NexPoint Residential Trust's dividend payout ratio is presently -20,400.00%.

Analyst Upgrades and Downgrades

A number of research firms have commented on NXRT. StockNews.com cut shares of NexPoint Residential Trust from a "hold" rating to a "sell" rating in a research report on Saturday, March 1st. Jefferies Financial Group increased their price objective on shares of 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 boosted their price objective 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, Raymond James dropped their target price on NexPoint Residential Trust from $50.00 to $44.00 and set an "outperform" rating for the company in a research report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $46.33.

Insider Transactions at NexPoint Residential Trust

In other NexPoint Residential Trust news, insider Paul Richards bought 5,814 shares of the company's stock in a transaction on Monday, April 7th. The stock was purchased at an average cost of $33.24 per share, for a total transaction of $193,257.36. Following the acquisition, the insider now owns 18,493 shares of the company's stock, valued at $614,707.32. The trade was a 45.86 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 15.36% of the company's stock.

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.