NexPoint Residential Trust (NXRT) Stock Price, News & Analysis

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for NexPoint Residential Trust in the last year. There are currently 1 sell rating, 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" NXRT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NXRT, but not buy additional shares or sell existing shares.
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5 equities research analysts have issued 12-month target prices for NexPoint Residential Trust's stock. Their NXRT share price targets range from $35.00 to $40.00. On average, they anticipate the company's stock price to reach $37.25 in the next twelve months. This suggests a possible upside of 16.0% from the stock's current price.
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NexPoint Residential Trust's stock was trading at $34.43 at the beginning of the year. Since then, NXRT shares have decreased by 6.7% and is now trading at $32.11.
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NexPoint Residential Trust saw a increase in short interest in March. As of March 15th, there was short interest totaling 406,000 shares, an increase of 23.9% from the February 29th total of 327,800 shares. Based on an average trading volume of 155,400 shares, the days-to-cover ratio is currently 2.6 days. Approximately 1.8% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 30th 2024.
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NexPoint Residential Trust will be holding an earnings conference call on Tuesday, April 30th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 647-362-9199 with passcode "5001576".

NexPoint Residential Trust, Inc. (NYSE:NXRT) announced its quarterly earnings data on Tuesday, February, 15th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.23) by $0.49. NexPoint Residential Trust had a net margin of 15.97% and a trailing twelve-month return on equity of 8.92%. During the same period last year, the company earned $0.63 EPS.

NexPoint Residential Trust declared a quarterly dividend on Tuesday, February 20th. Stockholders of record on Friday, March 15th will be paid a dividend of $0.462 per share on Thursday, March 28th. This represents a $1.85 annualized dividend and a yield of 5.76%. The ex-dividend date is Thursday, March 14th.
Read our dividend analysis for NXRT.

NexPoint Residential Trust (NYSE:NXRT) pays an annual dividend of $1.85 per share and currently has a dividend yield of 6.01%. NXRT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 8 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 110.12%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, NXRT will have a dividend payout ratio of 71.43% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NXRT.

ETFs with the largest weight of NexPoint Residential Trust (NYSE:NXRT) stock in their portfolio include Residential REIT ETF (HAUS), Intelligent Real Estate ETF (PRVT), Invesco KBW Premium Yield Equity REIT ETF (KBWY), ALPS REIT Dividend Dogs ETF (RDOG), Kelly Residential & Apartment Real Estate ETF (RESI), Hoya Capital Housing ETF (HOMZ) and Nuveen Short-Term REIT ETF (NURE).iShares Residential and Multisector Real Estate ETF (REZ).

NexPoint Residential Trust updated its FY 2024 earnings guidance on Tuesday, February, 20th. The company provided earnings per share (EPS) guidance of 2.600-2.850 for the period, compared to the consensus estimate of 2.840. The company issued revenue guidance of -.

Based on aggregate information from My MarketBeat watchlists, some companies that other NexPoint Residential Trust investors own include Cisco Systems (CSCO), NVIDIA (NVDA), AT&T (T), Enterprise Products Partners (EPD), Intel (INTC), Vistra (VST), Verizon Communications (VZ), Accenture (ACN), Bank of America (BAC) and Chevron (CVX).

NexPoint Residential Trust's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Graybill Wealth Management LTD. (0.26%), Pasadena Private Wealth LLC (0.20%), Sumitomo Mitsui Trust Holdings Inc. (0.11%), Allspring Global Investments Holdings LLC (0.04%) and Hazelview Securities Inc. (0.01%). Insiders that own company stock include Brian Mitts, Dennis Charles Sauter Jr, James D Dondero and Nicolas Sokolow.
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Shares of NXRT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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