NexPoint Residential Trust - NXRT Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for NexPoint Residential Trust in the last year. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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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6 Wall Street research analysts have issued twelve-month price objectives for NexPoint Residential Trust's shares. Their NXRT share price forecasts range from $45.00 to $90.00. On average, they anticipate the company's stock price to reach $60.20 in the next year. This suggests a possible upside of 49.8% from the stock's current price.
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NexPoint Residential Trust's stock was trading at $43.52 at the start of the year. Since then, NXRT shares have decreased by 7.7% and is now trading at $40.19.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 25th 2023.
View our NXRT earnings forecast.

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 negative trailing twelve-month return on equity of 1.79% and a negative net margin of 3.52%. During the same period in the previous year, the company earned $0.63 EPS.

NexPoint Residential Trust declared a quarterly dividend on Tuesday, February 21st. Investors of record on Wednesday, March 15th will be given a dividend of $0.42 per share on Friday, March 31st. This represents a $1.68 annualized dividend and a yield of 4.18%. The ex-dividend date is Tuesday, March 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), Residential REIT Income ETF (HAUS), Hoya Capital Housing ETF (HOMZ), 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 JPMorgan BetaBuilders MSCI U.S. REIT ETF (BBRE).

NexPoint Residential Trust (NYSE:NXRT) pays an annual dividend of $1.68 per share and currently has a dividend yield of 4.00%. 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, February, 21st. The company provided EPS guidance of $2.92-$3.27 for the period, compared to the consensus EPS estimate of $3.27. 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 many different retail and institutional investors. Top institutional investors include Copeland Capital Management LLC (4.12%), Geode Capital Management LLC (1.80%), T. Rowe Price Investment Management Inc. (1.57%), Millennium Management LLC (1.33%), Morgan Stanley (1.20%) and Renaissance Technologies LLC (1.20%). 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 $40.19.

NexPoint Residential Trust (NYSE:NXRT) has a market capitalization of $1.03 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 ($0.35) 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.