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 Ratio29.18
Forward P/E Ratio19.96
P/E Growth1.87
Sales & Book Value
Annual Sales$144.24 million
Price / Sales4.92
Cash Flow$4.9478 per share
Price / Cash6.90
Book Value$11.13 per share
Price / Book3.07
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 Shares20,800,000
Market Cap$715.21 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 given a dividend of $0.275 per share on Monday, December 31st. This represents a $1.10 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend is Friday, December 14th. This is an increase 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) issued its quarterly earnings data on Tuesday, October, 30th. The financial services provider reported ($0.25) EPS for the quarter, missing the consensus estimate of $0.44 by $0.69. The financial services provider earned $36.50 million during 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 guidance of $1.67 for the period.
What price target have analysts set for NXRT?
3 analysts have issued twelve-month price objectives for NexPoint Residential Trust's shares. Their predictions range from $32.00 to $37.00. On average, they expect NexPoint Residential Trust's stock price to reach $34.6667 in the next twelve months. This suggests a possible upside of 1.5% from the stock's current price. 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. " (11/3/2018)
- 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 negative on Wednesday, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. NexPoint Residential Trust earned a coverage optimism score of -1.2 on InfoTrie's scale. They also assigned media stories about the financial services provider a news buzz of 8.0 out of 10, indicating that recent media coverage is very likely to have an effect on the stock's share price in the next few days.
Who are some of NexPoint Residential Trust's key competitors?
Some companies that are related to NexPoint Residential Trust include Corporate Office Properties Trust (OFC), The GEO Group (GEO), Corecivic (CXW), Empire State Realty Trust (ESRT), Retail Properties of America (RPAI), Great Portland Estates (GPEAF), Columbia Property Trust (CXP), Brandywine Realty Trust (BDN), Apollo Commercial Real Est. Finance (ARI), Colony Credit Real Estate (CLNC), Pebblebrook Hotel Trust (PEB), Acadia Realty Trust (AKR), Potlatchdeltic (PCH), Washington Real Estate Investment Trust (WRE) and Tanger Factory Outlet Centers (SKT).
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 a number of of institutional and retail investors. Top institutional investors include Highland Capital Management LP (9.91%), BlackRock Inc. (6.30%), Renaissance Technologies LLC (5.72%), Russell Investments Group Ltd. (1.72%), JPMorgan Chase & Co. (1.40%) and JPMorgan Chase & Co. (1.40%). Company insiders that own NexPoint Residential Trust stock include Brian Mitts and James D Dondero. 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 Highland Capital Management LP, Janus Henderson Group PLC, Graybill Bartz & Assoc Ltd., ClariVest Asset Management LLC, GSA Capital Partners LLP, Victory Capital Management Inc., Citadel Advisors LLC and Prudential Financial Inc.. 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 Renaissance Technologies LLC, BlackRock Inc., Hillsdale Investment Management Inc., Matarin Capital Management LLC, Wells Fargo & Company MN, JPMorgan Chase & Co., JPMorgan Chase & Co. and Los Angeles Capital Management & Equity Research 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 $34.14.
How big of a company is NexPoint Residential Trust?
NexPoint Residential Trust has a market capitalization of $715.21 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.
