Price Action Report: How Analysts Feel About NexPoint Residential Trust Inc After Today’s Huge Decline?

Price Action Report: How Analysts Feel About NexPoint Residential Trust Inc After Today's Huge Decline?

The stock of NexPoint Residential Trust Inc (NYSE:NXRT) is a huge mover today! NexPoint Residential Trust Inc (NYSE:NXRT) has risen 59.45% since March 1, 2016 and is uptrending. It has outperformed by 50.21% the S&P500.
The move comes after 6 months negative chart setup for the $406.05M company. It was reported on Oct, 4 by Barchart.com. We have $16.26 PT which if reached, will make NYSE:NXRT worth $44.67M less.

Analysts await NexPoint Residential Trust Inc (NYSE:NXRT) to report earnings on November, 8. They expect $0.33 earnings per share, down 10.81% or $0.04 from last year’s $0.37 per share. NXRT’s profit will be $7.33 million for 13.85 P/E if the $0.33 EPS becomes a reality. After $0.34 actual earnings per share reported by NexPoint Residential Trust Inc for the previous quarter, Wall Street now forecasts -2.94% negative 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 has “Buy” rating by Canaccord Genuity given on Tuesday, June 28. The company was initiated on Wednesday, December 23 by DA Davidson. The stock of NexPoint Residential Trust Inc (NYSE:NXRT) has “Buy” rating given on Monday, October 26 by Ladenburg Thalmann.

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 Second Quarter 2016 Earnings …” on July 26, 2016, also Prnewswire.com with their article: “NexPoint Residential Trust, Inc. Announces $30.0 Million Stock Repurchase Program” published on June 15, 2016, Seekingalpha.com published: “NexPoint Residential Trust Inc: New, Funky, Fabulous?” on October 02, 2015. More interesting news about NexPoint Residential Trust Inc (NYSE:NXRT) were released by: Businesswire.com and their article: “NexPoint Credit Strategies Fund Completes Spin-Off of NexPoint Residential …” published on March 31, 2015 as well as Reuters.com‘s news article titled: “BRIEF-Nexpoint Residential Trust quarterly FFO per share $0.34” with publication date: August 09, 2016.

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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