NYSE:NXRT

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

$34.23
+0.92 (+2.76%)
(As of 04/30/2024 ET)
Today's Range
$32.25
$34.57
50-Day Range
$28.27
$34.23
52-Week Range
$26.21
$49.87
Volume
144,503 shs
Average Volume
130,972 shs
Market Capitalization
$882.11 million
P/E Ratio
20.38
Dividend Yield
5.40%
Price Target
$37.25

NexPoint Residential Trust MarketRank™ Stock Analysis

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
8.8% Upside
$37.25 Price Target
Short Interest
Healthy
1.91% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.51
Upright™ Environmental Score
News Sentiment
0.76mentions of NexPoint Residential Trust in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-7.50%
From $2.80 to $2.59 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.61 out of 5 stars

Finance Sector

344th out of 855 stocks

Real Estate Investment Trusts Industry

72nd out of 178 stocks

NXRT stock logo

About NexPoint Residential Trust Stock (NYSE:NXRT)

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. NXRT is externally advised by NexPoint Real Estate Advisors, L.P., an affiliate of NexPoint Advisors, L.P., an SEC-registered investment advisor, which has extensive real estate experience.

NXRT Stock Price History

NXRT Stock News Headlines

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NexPoint Residential Trust Inc.
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NexPoint Residential Trust Inc
NXRT Apr 2024 30.000 put
Nexpoint Residential Trust Inc (NXRT)
NexPoint Residential Q4 FFO Rises
See More Headlines
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Company Calendar

Last Earnings
2/15/2022
Ex-Dividend for 3/28 Dividend
3/14/2024
Dividend Payable
3/28/2024
Today
4/30/2024
Next Earnings (Confirmed)
4/30/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
N/A
Previous Symbol
NASDAQ:NXRT
Fax
N/A
Employees
3
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$37.25
High Stock Price Target
$40.00
Low Stock Price Target
$35.00
Potential Upside/Downside
+8.8%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
5 Analysts

Profitability

Net Income
$44.26 million
Pretax Margin
15.94%

Debt

Sales & Book Value

Annual Sales
$277.53 million
Cash Flow
$5.80 per share
Book Value
$19.26 per share

Miscellaneous

Free Float
22,435,000
Market Cap
$882.11 million
Optionable
Optionable
Beta
1.28
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NXRT Stock Analysis - Frequently Asked Questions

Should I buy or sell NexPoint Residential Trust stock right now?

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.
View NXRT analyst ratings
or view top-rated stocks.

What is NexPoint Residential Trust's stock price target for 2024?

5 brokerages have issued 12-month target prices for NexPoint Residential Trust's shares. 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 8.8% from the stock's current price.
View analysts price targets for NXRT
or view top-rated stocks among Wall Street analysts.

How have NXRT shares performed in 2024?

NexPoint Residential Trust's stock was trading at $34.43 on January 1st, 2024. Since then, NXRT shares have decreased by 0.6% and is now trading at $34.23.
View the best growth stocks for 2024 here
.

How were NexPoint Residential Trust's earnings last quarter?

NexPoint Residential Trust, Inc. (NYSE:NXRT) released its quarterly earnings results on Tuesday, February, 15th. The financial services provider reported $0.26 earnings per share for the quarter, beating the consensus estimate 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 quarter in the previous year, the business posted $0.63 EPS.

How often does NexPoint Residential Trust pay dividends? What is the dividend yield for NexPoint Residential Trust?

NexPoint Residential Trust announced a quarterly dividend on Tuesday, February 20th. Investors of record on Friday, March 15th will be given a dividend of $0.462 per share on Thursday, March 28th. This represents a $1.85 dividend on an annualized basis and a yield of 5.40%. The ex-dividend date of this dividend is Thursday, March 14th.
Read our dividend analysis for NXRT
.

Is NexPoint Residential Trust a good dividend stock?

NexPoint Residential Trust (NYSE:NXRT) pays an annual dividend of $1.85 per share and currently has a dividend yield of 5.55%. 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 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. 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.

What guidance has NexPoint Residential Trust issued on next quarter's earnings?

NexPoint Residential Trust issued an update on its FY 2024 earnings guidance on Tuesday, April, 30th. The company provided earnings per share (EPS) guidance of 2.600-2.850 for the period, compared to the consensus estimate of 2.680. The company issued revenue guidance of -.

What other stocks do shareholders of NexPoint Residential Trust own?

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).

Who are NexPoint Residential Trust's major shareholders?

NexPoint Residential Trust's stock is owned by many different retail and institutional investors. Top institutional shareholders include Principal Financial Group Inc. (0.49%), Graybill Wealth Management LTD. (0.26%), Narwhal Capital Management (0.24%), Pasadena Private Wealth LLC (0.20%), New York State Teachers Retirement System (0.17%) and Sumitomo Mitsui Trust Holdings Inc. (0.11%). Insiders that own company stock include Brian Mitts, Dennis Charles Sauter Jr, James D Dondero and Nicolas Sokolow.
View institutional ownership trends
.

How do I buy shares of NexPoint Residential Trust?

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.
Compare Top Brokerages Here.

This page (NYSE:NXRT) was last updated on 5/1/2024 by MarketBeat.com Staff

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