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. NXRT is externally advised by NexPoint Real Estate Advisors, L.P., an affiliate of Highland Capital Management, L.P., a leading global alternative asset manager and an SEC-registered investment adviser.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
Current SymbolNYSE:NXRT
Previous SymbolNASDAQ:NXRT
CUSIPN/A
Phone972-628-4100
Debt
Debt-to-Equity Ratio3.83
Current Ratio0.98
Quick Ratio0.98
Price-To-Earnings
Trailing P/E Ratio30.15
Forward P/E Ratio20.87
P/E Growth1.94
Sales & Book Value
Annual Sales$144.24 million
Price / Sales5.75
Cash Flow$4.9537 per share
Price / Cash Flow7.12
Book Value$11.37 per share
Price / Book3.10
Profitability
EPS (Most Recent Fiscal Year)$1.17
Net Income$53.37 million
Net Margins-0.82%
Return on Equity-0.49%
Return on Assets-0.11%
Miscellaneous
Employees2
Outstanding Shares23,500,000
Market Cap$834 million
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 Monday, October 29th. Stockholders of record on Monday, December 17th will be paid a dividend of $0.275 per share on Monday, December 31st. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date of this dividend is Friday, December 14th. This is a positive change from NexPoint Residential Trust's previous quarterly dividend of $0.25. 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 results on Tuesday, October, 30th. The financial services provider reported ($0.25) earnings per share for the quarter, missing analysts' consensus estimates of $0.44 by $0.69. The financial services provider had revenue of $36.50 million for the quarter, compared to the consensus estimate of $36.04 million. NexPoint Residential Trust had a negative return on equity of 0.49% and a negative net margin of 0.82%. 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 updated its FY 2018 earnings guidance on Tuesday, October, 30th. The company provided earnings per share (EPS) guidance of $1.67 for the period.
What price target have analysts set for NXRT?
3 brokers have issued 12 month price objectives for NexPoint Residential Trust's stock. Their predictions range from $32.00 to $37.00. On average, they anticipate NexPoint Residential Trust's share price to reach $34.6667 in the next year. This suggests that the stock has a possible downside of 1.7%. View Analyst Price Targets for NexPoint Residential Trust.
What is the consensus analysts' recommendation for NexPoint Residential Trust?
3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NexPoint Residential Trust in the last year. There are currently 1 hold rating and 2 buy ratings 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. " (11/21/2018)
- 2. Boenning Scattergood analysts commented, "We are initiating coverage of NexPoint Residential Trust (NXRT) with an Outperform rating and a price target of $35.00, even though the stock trades at a premium to the peer group and near its 52-week high. What we like about this company is that it has delivered steady growth in NAV, resulting in a high total return to shareholders. It has strong same store sales driven by its value-add renovation program that brings lifestyle amenities to workforce housing. NXRT is externally managed, but fees to the manager are capped and there is no incentive fee. We think the manager’s high level of ownership (>22%) helps align interests of shareholders and manager." (9/17/2018)
Has NexPoint Residential Trust been receiving favorable news coverage?
News headlines about NXRT stock have been trending somewhat positive this week, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. NexPoint Residential Trust earned a news sentiment score of 1.0 on InfoTrie's scale. They also gave news stories about the financial services provider a news buzz of 9.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the immediate future.
Who are some of NexPoint Residential Trust's key competitors?
Some companies that are related to NexPoint Residential Trust include RLJ Lodging Trust (RLJ), Paramount Group (PGRE), Uniti Group (UNIT), Physicians Realty Trust (DOC), MFA FINL INC/SH (MFA), Taubman Centers (TCO), Senior Housing Properties Trust (SNH), Rexford Industrial Realty (REXR), Colony Capital (CLNY), Stag Industrial (STAG), Keppel REIT (KREVF), The GEO Group (GEO), Outfront Media (OUT), Empire State Realty Trust (ESRT) and Retail Properties of America (RPAI).
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 55)
- Mr. Brian Dale Mitts CPA, EVP of Fin., Treasurer, CFO & Director (Age 48)
- Mr. Matthew McGraner J.D., Chief Investment Officer and Exec. VP (Age 34)
- Mr. Scott Byron Ellington, Gen. Counsel and Sec. (Age 46)
- Mr. Matthew X. Goetz, Sr. VP of Investments and Asset Management (Age 32)
Who are NexPoint Residential Trust's major shareholders?
NexPoint Residential Trust's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Highland Capital Management LP (9.91%), Vanguard Group Inc (7.62%), Vanguard Group Inc. (7.62%), BlackRock Inc. (6.30%), Renaissance Technologies LLC (5.72%) and Russell Investments Group Ltd. (1.72%). View Institutional Ownership Trends for NexPoint Residential Trust.
Which major investors are selling NexPoint Residential Trust stock?
NXRT stock was sold by a variety of institutional investors in the last quarter, including Highland Capital Management LP, Janus Henderson Group PLC, Morgan Stanley, Vanguard Group Inc., Vanguard Group Inc, Graybill Bartz & Assoc Ltd., Man Group plc and ClariVest Asset Management LLC. View Insider Buying and Selling for NexPoint Residential Trust.
Which major investors are buying NexPoint Residential Trust stock?
NXRT stock was bought by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, BlackRock Inc., Hillsdale Investment Management Inc., Matarin Capital Management LLC, Wells Fargo & Company MN, JPMorgan Chase & Co., JPMorgan Chase & Co. and Nordea Investment Management AB. 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 $35.27.
How big of a company is NexPoint Residential Trust?
NexPoint Residential Trust has a market capitalization of $834 million and generates $144.24 million in revenue each year. The financial services provider earns $53.37 million in net income (profit) each year or $1.17 on an earnings per share basis. NexPoint Residential Trust employs 2 workers across the globe.
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.
