NexPoint Residential Trust (NXRT) Projected to Post Earnings on Tuesday

NexPoint Residential Trust (NYSE:NXRT) is projected to issue its quarterly earnings data before the market opens on Tuesday, February 25th. Analysts expect the company to announce earnings of $0.80 per share and revenue of $64.14 million for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

NexPoint Residential Trust Price Performance

Shares of NYSE:NXRT opened at $38.80 on Friday. The firm’s 50 day moving average is $40.20 and its two-hundred day moving average is $43.24. NexPoint Residential Trust has a 52 week low of $28.20 and a 52 week high of $48.37. The firm has a market capitalization of $985.52 million, a P/E ratio of 22.17, a PEG ratio of 2.34 and a beta of 1.42. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 3.25.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a report on Friday. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.00.

About NexPoint Residential Trust

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.