S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Latest freight railroad layoffs and Wall Street pressure renew concerns about safety and service
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
One year after buying a failed bank, New York Community Bancorp is struggling
Dell, NetApp rise; Ginkgo Bioworks, New York Community Bancorp fall, Friday, 3/1/2024
Critical asset just had biggest fall on record (Ad)
How major US stock indexes fared Friday, 3/1/2024
China pledges to increase opportunities for foreign companies as it seeks to boost its economy
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Brazil's economy grows 2.9% in Lula's 1st year, beating expectations
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Latest freight railroad layoffs and Wall Street pressure renew concerns about safety and service
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
One year after buying a failed bank, New York Community Bancorp is struggling
Dell, NetApp rise; Ginkgo Bioworks, New York Community Bancorp fall, Friday, 3/1/2024
Critical asset just had biggest fall on record (Ad)
How major US stock indexes fared Friday, 3/1/2024
China pledges to increase opportunities for foreign companies as it seeks to boost its economy
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Brazil's economy grows 2.9% in Lula's 1st year, beating expectations
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Latest freight railroad layoffs and Wall Street pressure renew concerns about safety and service
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
One year after buying a failed bank, New York Community Bancorp is struggling
Dell, NetApp rise; Ginkgo Bioworks, New York Community Bancorp fall, Friday, 3/1/2024
Critical asset just had biggest fall on record (Ad)
How major US stock indexes fared Friday, 3/1/2024
China pledges to increase opportunities for foreign companies as it seeks to boost its economy
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Brazil's economy grows 2.9% in Lula's 1st year, beating expectations
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Latest freight railroad layoffs and Wall Street pressure renew concerns about safety and service
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
One year after buying a failed bank, New York Community Bancorp is struggling
Dell, NetApp rise; Ginkgo Bioworks, New York Community Bancorp fall, Friday, 3/1/2024
Critical asset just had biggest fall on record (Ad)
How major US stock indexes fared Friday, 3/1/2024
China pledges to increase opportunities for foreign companies as it seeks to boost its economy
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Brazil's economy grows 2.9% in Lula's 1st year, beating expectations
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches

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

$29.44
+0.23 (+0.79%)
(As of 03/1/2024 ET)
Today's Range
$28.80
$29.66
50-Day Range
$28.27
$35.43
52-Week Range
$26.21
$49.87
Volume
255,231 shs
Average Volume
148,972 shs
Market Capitalization
$758.82 million
P/E Ratio
17.52
Dividend Yield
6.28%
Price Target
$42.25

NexPoint Residential Trust MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
43.5% Upside
$42.25 Price Target
Short Interest
Healthy
1.58% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.51
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Selling Shares
$168,700 Sold Last Quarter
Proj. Earnings Growth
-1.08%
From $2.78 to $2.75 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.

4.98 out of 5 stars

Finance Sector

7th out of 853 stocks

Real Estate Investment Trusts Industry

1st out of 173 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

This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
NexPoint Residential Q4 FFO Rises
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Montreal’s Resale Market Starts 2024 on Strong Note
NexPoint Residential Trust: Phoenix Rising
NXRT NexPoint Residential Trust, Inc.
Q3 2023 NexPoint Residential Trust Inc Earnings Call
See More Headlines
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Company Calendar

Last Earnings
2/15/2022
Ex-Dividend for 12/29 Dividend
12/14/2023
Dividend Payable
12/29/2023
Today
3/01/2024
Ex-Dividend for 3/28 Dividend
3/14/2024
Dividend Payable
3/28/2024
Next Earnings (Estimated)
4/23/2024
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
$42.25
High Stock Price Target
$55.00
Low Stock Price Target
$36.00
Potential Upside/Downside
+43.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$44.26 million
Pretax Margin
15.94%

Debt

Sales & Book Value

Annual Sales
$277.53 million
Cash Flow
$5.88 per share
Book Value
$19.19 per share

Miscellaneous

Free Float
22,344,000
Market Cap
$758.67 million
Optionable
Optionable
Beta
1.29
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NXRT Stock Analysis - Frequently Asked Questions

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

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for NexPoint Residential Trust in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" NXRT shares.
View NXRT analyst ratings
or view top-rated stocks.

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

4 analysts have issued 12 month target prices for NexPoint Residential Trust's shares. Their NXRT share price targets range from $36.00 to $55.00. On average, they predict the company's share price to reach $42.25 in the next year. This suggests a possible upside of 43.5% 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 at the beginning of 2024. Since then, NXRT stock has decreased by 14.5% and is now trading at $29.44.
View the best growth stocks for 2024 here
.

Are investors shorting NexPoint Residential Trust?

NexPoint Residential Trust saw a increase in short interest during the month of January. As of January 31st, there was short interest totaling 370,400 shares, an increase of 6.8% from the January 15th total of 346,800 shares. Based on an average daily volume of 151,900 shares, the short-interest ratio is presently 2.4 days. Approximately 1.7% of the shares of the stock are sold short.
View NexPoint Residential Trust's Short Interest
.

When is NexPoint Residential Trust's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024.
View our NXRT earnings forecast
.

How were NexPoint Residential Trust's earnings last quarter?

NexPoint Residential Trust, Inc. (NYSE:NXRT) posted its quarterly earnings results 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 quarter in the prior year, the company posted $0.63 earnings per share.

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

NexPoint Residential Trust declared 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 yield of 6.28%. The ex-dividend date 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 6.47%. 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 67.27% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NXRT.

What ETFs hold NexPoint Residential Trust's stock?
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, 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 -.

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 Copeland Capital Management LLC (3.38%), Goldman Sachs Group Inc. (2.13%), Goldman Sachs Group Inc. (2.12%), Northern Trust Corp (1.25%), Dimensional Fund Advisors LP (1.23%) and Charles Schwab Investment Management Inc. (1.18%). 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 3/2/2024 by MarketBeat.com Staff