NexPoint Residential Trust Inc(NYSE:NXRT) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 9, 2016. Company reported revenue of $33.70M. Analysts estimated a revenue of $33.30M. Earnings per share were $1.06. Analysts had estimated an EPS of $0.36.
In a different note, Canaccord Genuity said it Initiates Coverage on NexPoint Residential Trust Inc, according to a research note issued on Jun 28, 2016. The shares have been rated ‘Buy’ by the firm.
Several Insider Transactions has been reported to the SEC. On Feb 16, 2016, Matt Mcgraner (officer ) purchased 7,500 shares at $10.98 per share price.Also, On Feb 16, 2016, Capital Management Lp Highland (President) purchased 7,500 shares at $10.98 per share price.On Nov 23, 2015, Matthew Goetz (officer ) purchased 380 shares at $13.04 per share price, according to the Form-4 filing with the securities and exchange commission.
NexPoint Residential Trust Inc. (NXRT) is a real estate investment trust (REIT). The Company is focused on directly or indirectly acquiring owning operating and selectively developing Class A and B multifamily properties in large cities and suburban submarkets of large cities in the Southeastern United States and Texas. Its business objective is to acquire multifamily properties in markets with job growth and household formation fundamentals in the Southeastern United States and Texas; acquire assets below replacement costs and own assets which provide lifestyle amenities and upgraded living spaces to low and moderate income renters. NXRT owns and operates multifamily properties in areas that have employment centers parks and schools nearby; work force combined with positive net population growth and jobs provided by a diverse mix of employers. The Company’s Bayberry apartments consists of 222 one- and two-bedroom residential units.