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.
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Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
Phone972-628-4100
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$146.60 million
Profitability
Miscellaneous
Employees2
Next Earnings Date10/29/2019 (Estimated)
OptionableOptionable
NexPoint Residential Trust (NYSE:NXRT) Frequently Asked Questions
What is NexPoint Residential Trust's stock symbol?
NexPoint Residential Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "NXRT."
How often does NexPoint Residential Trust pay dividends? What is the dividend yield for NexPoint Residential Trust?
NexPoint Residential Trust declared a quarterly dividend on Tuesday, July 30th. Shareholders of record on Friday, September 13th will be given a dividend of $0.275 per share on Monday, September 30th. This represents a $1.10 annualized dividend and a yield of 2.37%. The ex-dividend date is Thursday, September 12th. View NexPoint Residential Trust's Dividend History.
How were NexPoint Residential Trust's earnings last quarter?
NexPoint Residential Trust Inc (NYSE:NXRT) announced its quarterly earnings data on Tuesday, July, 30th. The financial services provider reported ($0.08) EPS for the quarter, missing the Zacks' consensus estimate of $0.46 by $0.54. The financial services provider earned $43.07 million during the quarter, compared to the consensus estimate of $43.05 million. NexPoint Residential Trust had a negative return on equity of 6.07% and a negative net margin of 10.21%. View NexPoint Residential Trust's Earnings History.
When is NexPoint Residential Trust's next earnings date?
What guidance has NexPoint Residential Trust issued on next quarter's earnings?
NexPoint Residential Trust issued an update on its FY19 earnings guidance on Wednesday, August, 14th. The company provided earnings per share guidance of $1.92 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.88.
What price target have analysts set for NXRT?
5 brokerages have issued 12-month target prices for NexPoint Residential Trust's stock. Their predictions range from $35.00 to $51.00. On average, they expect NexPoint Residential Trust's stock price to reach $43.50 in the next year. This suggests that the stock has a possible downside of 6.3%. View Analyst Price Targets for NexPoint Residential Trust.
What is the consensus analysts' recommendation for NexPoint Residential Trust?
5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NexPoint Residential Trust in the last year. There are currently 1 hold rating, 3 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for NexPoint Residential Trust.
What are Wall Street analysts saying about NexPoint Residential Trust stock?
Here are some recent quotes from research analysts about NexPoint Residential Trust stock:
- 1. According to Zacks Investment Research, "NexPoint Residential Trust, Inc. is engaged in acquiring, owning, operating and selectively developing multifamily properties. It operates primarily in the Southeastern United States and Texas. NexPoint Residential Trust, Inc. is based in Dallas, United States. " (8/1/2019)
- 2. Boenning Scattergood analysts commented, "We believe that the market awards a premium valuation to REITs that can consistently grow NAV, and we think NAV will rise from our estimate of $31.85 at year-end 2018 to $37.00 at year- end 2019, based on annualized 4Q property net operating income in each year. REITs that trade at a premium valuation are in a better position to create value for shareholders because they can issue equity to accretively buy assets. We maintain our Neutral rating solely on valuation; we believe the best time to buy the stock is on price weakness. We find the clear and long runway for continued NAV accretion through capital recycling and value-add renovation to be fundamentally appealing and would view any pullback as an opportunity for share accumulation." (5/1/2019)
Has NexPoint Residential Trust been receiving favorable news coverage?
Headlines about NXRT stock have trended positive recently, InfoTrie reports. The research firm identifies negative and positive press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. NexPoint Residential Trust earned a media sentiment score of 2.5 on InfoTrie's scale. They also gave press coverage about the financial services provider a news buzz of 6.0 out of 10, meaning that recent press coverage is somewhat likely to have an impact on the company's share price in the next few days. View News Stories for NexPoint Residential Trust.
Who are some of NexPoint Residential Trust's key competitors?
Some companies that are related to NexPoint Residential Trust include Healthcare Realty Trust (HR), Ryman Hospitality Properties (RHP), CoreSite Realty (COR), Equity Commonwealth (EQC), Macerich (MAC), Sabra Health Care REIT (SBRA), Hospitality Properties Trust (HPT), Outfront Media (OUT), Stag Industrial (STAG), CHIMERA INVT CO/SH NEW (CIM), Two Harbors Investment (TWO), National Health Investors (NHI), Apple Hospitality REIT (APLE), Rayonier (RYN) and Weingarten Realty Investors (WRI).
What other stocks do shareholders of NexPoint Residential Trust own?
Who are NexPoint Residential Trust's key executives?
NexPoint Residential Trust's management team includes the folowing people:
- Mr. James David Dondero CFA, CPA, Chairman, Pres & Principal Exec. Officer (Age 56)
- Mr. Brian Dale Mitts CPA, Exec. VP of Fin., Treasurer, CFO, Sec. & Director (Age 49)
- Mr. Matthew McGraner J.D., Chief Investment Officer & Exec. VP (Age 35)
- Mr. Matthew X. Goetz, Sr. VP of Investments & Asset Management (Age 33)
- Jackie Graham, Investor Relations Mang.
Who are NexPoint Residential Trust's major shareholders?
NexPoint Residential Trust's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.91%), BlackRock Inc. (6.41%), Renaissance Technologies LLC (5.15%), Russell Investments Group Ltd. (1.43%), Rothschild & Co. Asset Management US Inc. (1.33%) and Penn Capital Management Co. Inc. (1.10%). View Institutional Ownership Trends for NexPoint Residential Trust.
Which institutional investors are selling NexPoint Residential Trust stock?
NXRT stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Jacobs Levy Equity Management Inc., Renaissance Technologies LLC, Public Employees Retirement System of Ohio, Bank of New York Mellon Corp, JPMorgan Chase & Co., Teachers Insurance & Annuity Association of America and Wedge Capital Management L L P NC. View Insider Buying and Selling for NexPoint Residential Trust.
Which institutional investors are buying NexPoint Residential Trust stock?
NXRT stock was purchased by a variety of institutional investors in the last quarter, including Penn Capital Management Co. Inc., Rothschild & Co. Asset Management US Inc., Vanguard Group Inc., Nuveen Asset Management LLC, Wells Fargo & Company MN, Citadel Advisors LLC, Cadence Capital Management LLC and BlackRock Inc.. View Insider Buying and Selling for NexPoint Residential Trust.
How do I buy shares of NexPoint Residential Trust?
Shares of NXRT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is NexPoint Residential Trust's stock price today?
One share of NXRT stock can currently be purchased for approximately $46.42.
How big of a company is NexPoint Residential Trust?
NexPoint Residential Trust has a market capitalization of $1.11 billion and generates $146.60 million in revenue each year. The financial services provider earns $-1,600,000.00 in net income (profit) each year or $1.88 on an earnings per share basis. NexPoint Residential Trust employs 2 workers across the globe.View Additional Information About NexPoint Residential Trust.
What is NexPoint Residential Trust's official website?
How can I contact NexPoint Residential Trust?
NexPoint Residential Trust's mailing address is 300 CRESCENT COURT SUITE 700, DALLAS TX, 75201. The financial services provider can be reached via phone at 972-628-4100 or via email at [email protected]
MarketBeat Community Rating for NexPoint Residential Trust (NYSE NXRT)
MarketBeat's community ratings are surveys of what our community members think about NexPoint Residential Trust and other stocks. Vote "Outperform" if you believe NXRT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe NXRT will underperform the S&P 500 over the long term. You may vote once every thirty days.
