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

5 Wall Street 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 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 Wall Street research analysts have issued 1 year 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 year. This suggests a possible upside of 18.9% from the stock's current price.
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NexPoint Residential Trust's stock was trading at $34.43 at the beginning of 2024. Since then, NXRT stock has decreased by 9.0% and is now trading at $31.34.
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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 daily trading volume, of 155,400 shares, the short-interest ratio is currently 2.6 days. Currently, 1.8% of the shares of the stock are sold short.
View NexPoint Residential Trust's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 30th 2024.
View our NXRT earnings forecast.

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) posted its earnings results on Tuesday, February, 15th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.23) by $0.49. NexPoint Residential Trust had a trailing twelve-month return on equity of 8.92% and a net margin of 15.97%. During the same quarter in the prior year, the firm posted $0.63 earnings per share.

NexPoint Residential Trust announced a quarterly dividend on Tuesday, February 20th. Investors 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 dividend on an annualized basis and a dividend yield of 5.90%. The ex-dividend date of this dividend 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 earnings per share 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 number 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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