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

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NexPoint Residential Trust in the last twelve months. There are currently 3 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.

5 brokerages have issued 12 month price targets for NexPoint Residential Trust's stock. Their NXRT share price forecasts range from $45.00 to $90.00. On average, they predict the company's share price to reach $60.20 in the next year. This suggests a possible upside of 46.8% from the stock's current price.
View analysts price targets for NXRT or view top-rated stocks among Wall Street analysts.

NexPoint Residential Trust's stock was trading at $43.52 on January 1st, 2023. Since then, NXRT shares have decreased by 5.8% and is now trading at $41.01.
View the best growth stocks for 2023 here.

NexPoint Residential Trust saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 519,300 shares, a drop of 13.6% from the April 30th total of 600,900 shares. Based on an average trading volume of 113,500 shares, the days-to-cover ratio is presently 4.6 days. Currently, 2.3% of the company's stock are sold short.
View NexPoint Residential Trust's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023.
View our NXRT earnings forecast.

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 for the quarter, topping analysts' consensus estimates of ($0.23) by $0.49. NexPoint Residential Trust had a negative net margin of 3.13% and a negative trailing twelve-month return on equity of 1.66%. During the same quarter in the previous year, the firm posted $0.63 earnings per share.

NexPoint Residential Trust announced a quarterly dividend on Tuesday, April 25th. Shareholders of record on Thursday, June 15th will be given a dividend of $0.42 per share on Friday, June 30th. This represents a $1.68 annualized dividend and a yield of 4.10%. The ex-dividend date is Wednesday, June 14th.
Read our dividend analysis for NXRT.

ETFs with the largest weight of NexPoint Residential Trust (NYSE:NXRT) stock in their portfolio include Kelly Residential & Apartment Real Estate ETF (RESI), Hoya Capital Housing ETF (HOMZ), Residential REIT Income ETF (HAUS), Nuveen Short-Term REIT ETF (NURE), Invesco S&P SmallCap Financials ETF (PSCF), iShares Residential and Multisector Real Estate ETF (REZ), SPDR Dow Jones REIT ETF (RWR) and IQ CBRE NextGen Real Estate ETF (ROOF).

NexPoint Residential Trust (NYSE:NXRT) pays an annual dividend of $1.68 per share and currently has a dividend yield of 4.13%. 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 Thursday, April, 27th. The company provided earnings per share (EPS) guidance of $3.06-$3.06 for the period, compared to the consensus estimate of $3.08. 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."

NexPoint Residential Trust's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (17.08%), State Street Corp (5.61%), Copeland Capital Management LLC (4.84%), Geode Capital Management LLC (1.85%), Dimensional Fund Advisors LP (1.27%) and JPMorgan Chase & Co. (1.17%). Insiders that own company stock include Arthur B Laffer, Brian Mitts, Catherine D Wood, 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 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 $41.01.

NexPoint Residential Trust (NYSE:NXRT) has a market capitalization of $1.05 billion 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 ($0.32) 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.