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

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for NexPoint Residential Trust in the last twelve months. There are currently 3 hold ratings and 1 buy rating 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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4 Wall Street analysts have issued 1-year price objectives for NexPoint Residential Trust's stock. Their NXRT share price forecasts range from $45.00 to $55.00. On average, they expect the company's share price to reach $49.00 in the next twelve months. This suggests a possible upside of 52.3% from the stock's current price.
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NexPoint Residential Trust's stock was trading at $43.52 at the beginning of the year. Since then, NXRT shares have decreased by 26.1% and is now trading at $32.18.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 31st 2023.
View our NXRT earnings forecast.

NexPoint Residential Trust will be holding an earnings conference call on Tuesday, October 31st 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 earnings results on Tuesday, February, 15th. The financial services provider reported $0.26 EPS for the quarter, topping analysts' consensus estimates of ($0.23) by $0.49. NexPoint Residential Trust had a negative net margin of 1.68% and a negative trailing twelve-month return on equity of 0.92%. During the same quarter in the prior year, the business earned $0.63 earnings per share.

NexPoint Residential Trust declared a quarterly dividend on Tuesday, July 25th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.42 per share on Friday, September 29th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 5.22%. The ex-dividend date is Thursday, September 14th.
Read our dividend analysis for NXRT.

ETFs with the largest weight of NexPoint Residential Trust (NYSE:NXRT) stock in their portfolio include Private Real Estate Strategy via Liquid REITs ETF (PRVT), Kelly Residential & Apartment Real Estate ETF (RESI), Hoya Capital Housing ETF (HOMZ), Residential REIT ETF (HAUS) and Nuveen Short-Term REIT ETF (NURE).iShares Residential and Multisector Real Estate ETF (REZ).

NexPoint Residential Trust (NYSE:NXRT) pays an annual dividend of $1.68 per share and currently has a dividend yield of 5.22%. NXRT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for NXRT.

NexPoint Residential Trust issued an update on its FY 2023 earnings guidance on Tuesday, July, 25th. The company provided EPS guidance of $3.40-$3.40 for the period, compared to the consensus estimate of $3.04. 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "NXRT."

Shares of NXRT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of NXRT stock can currently be purchased for approximately $32.18.

NexPoint Residential Trust (NYSE:NXRT) has a market capitalization of $826.06 million and generates $263.95 million in revenue each year. The financial services provider earns $-9,260,000.00 in net income (profit) each year or ($0.17) on an earnings per share basis.

NexPoint Residential Trust's mailing address is 300 CRESCENT COURT SUITE 700, DALLAS TX, 75201. The official website for the company is www.nexpointliving.com. The financial services provider can be reached via phone at (214) 276-6300 or via email at jgraham@highlandcapital.com.