Market Runner: NexPoint Residential Trust Inc on Focus After Crashing In Today’s Session

Market Runner: NexPoint Residential Trust Inc on Focus After Crashing In Today's Session

The stock of NexPoint Residential Trust Inc (NYSE:NXRT) is a huge mover today! About 257,221 shares traded hands or 93.40% up from the average. NexPoint Residential Trust Inc (NYSE:NXRT) has risen 46.08% since April 27, 2016 and is uptrending. It has outperformed by 40.86% the S&P500.
The move comes after 9 months negative chart setup for the $413.01M company. It was reported on Nov, 30 by Barchart.com. We have $19.04 PT which if reached, will make NYSE:NXRT worth $12.39M less.

Analysts await NexPoint Residential Trust Inc (NYSE:NXRT) to report earnings on March, 20. They expect $0.36 earnings per share, up 5.88% or $0.02 from last year’s $0.34 per share. NXRT’s profit will be $7.57M for 13.63 P/E if the $0.36 EPS becomes a reality. After $0.32 actual earnings per share reported by NexPoint Residential Trust Inc for the previous quarter, Wall Street now forecasts 12.50% EPS growth.

NexPoint Residential Trust Inc (NYSE:NXRT) Ratings Coverage

Out of 3 analysts covering NexPoint Residential (NYSE:NXRT), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. NexPoint Residential has been the topic of 3 analyst reports since October 26, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Tuesday, June 28 by Canaccord Genuity. The rating was initiated by Ladenburg Thalmann on Monday, October 26 with “Buy”. The stock of NexPoint Residential Trust Inc (NYSE:NXRT) has “Buy” rating given on Wednesday, December 23 by DA Davidson.

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.”

More notable recent NexPoint Residential Trust Inc (NYSE:NXRT) news were published by: Prnewswire.com which released: “NexPoint Residential Trust, Inc. Announces Third Quarter 2016 Earnings …” on October 27, 2016, also Seekingalpha.com with their article: “NexPoint Residential Trust Inc: New, Funky, Fabulous?” published on October 02, 2015, Prnewswire.com published: “NexPoint Residential Trust Announces 2015 Dividend Income Tax Treatment” on January 21, 2016. More interesting news about NexPoint Residential Trust Inc (NYSE:NXRT) were released by: Prnewswire.com and their article: “NexPoint Residential Trust, Inc. Announces $30.0 Million Stock Repurchase Program” published on June 15, 2016 as well as Businesswire.com‘s news article titled: “NexPoint Credit Strategies Fund Completes Spin-Off of NexPoint Residential …” with publication date: March 31, 2015.

NXRT Company Profile

NexPoint Residential Trust, Inc., incorporated on October 19, 2014, is an externally managed real estate investment trust (REIT). The Firm is focused on multifamily investments primarily located in the Southeastern and Southwestern United States. All of the Company’s business are conducted through NexPoint Residential Trust Operating Partnership, L.P. (the Operating Partnership). The Firm holds all or a majority interest in its properties through the Operating Partnership. The Company’s subsidiary, NexPoint Residential Trust Operating Partnership GP, LLC is the sole general partner of the Operating Partnership. The Firm owns approximately 40 properties representing over 13,155 units in over eight states.

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