NexPoint Residential Trust - NXRT Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for NexPoint Residential Trust in the last twelve months. There are currently 4 hold ratings and 2 buy ratings 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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6 Wall Street research analysts have issued 12 month price objectives for NexPoint Residential Trust's shares. Their NXRT share price forecasts range from $45.00 to $95.00. On average, they expect the company's share price to reach $65.83 in the next year. This suggests a possible upside of 29.6% 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 increased by 16.8% and is now trading at $50.81.
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NexPoint Residential Trust saw a increase in short interest in December. As of December 30th, there was short interest totaling 612,300 shares, an increase of 58.4% from the December 15th total of 386,600 shares. Based on an average daily volume of 143,500 shares, the days-to-cover ratio is presently 4.3 days. Currently, 2.7% of the shares of the company are sold short.
View NexPoint Residential Trust's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 21st 2023.
View our NXRT earnings forecast.

NexPoint Residential Trust will be holding an earnings conference call on Tuesday, February 21st 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) issued its quarterly earnings results on Tuesday, February, 15th. The financial services provider reported $0.26 earnings per share for the quarter, topping the consensus estimate of ($0.23) by $0.49. NexPoint Residential Trust had a net margin of 10.17% and a trailing twelve-month return on equity of 5.09%. During the same quarter in the prior year, the business earned $0.63 earnings per share.

NexPoint Residential Trust announced a quarterly dividend on Tuesday, October 25th. Stockholders of record on Thursday, December 15th will be paid a dividend of $0.42 per share on Friday, December 30th. This represents a $1.68 annualized dividend and a yield of 3.31%. The ex-dividend date is Wednesday, December 14th. This is a positive change from the stock's previous quarterly dividend of $0.38.
Read our dividend analysis for NXRT.

NexPoint Residential Trust (NYSE:NXRT) pays an annual dividend of $1.68 per share and currently has a dividend yield of 3.31%. The company has been increasing its dividend for 7 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 168.00%. 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 52.17% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NXRT.

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 variety of retail and institutional investors. Top institutional investors include Copeland Capital Management LLC (4.12%), Peregrine Capital Management LLC (1.00%), State of New Jersey Common Pension Fund D (0.84%), Narwhal Capital Management (0.81%), Graybill Bartz & Assoc Ltd. (0.24%) and New York State Teachers Retirement System (0.20%). Insiders that own company stock include Arthur B Laffer, Brian Mitts, Catherine D Wood, Dennis Charles Sauter Jr, James D Dondero, Matt Mcgraner, Matthew Goetz 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 $50.81.

NexPoint Residential Trust (NYSE:NXRT) has a market capitalization of $1.30 billion and generates $219.24 million in revenue each year. The financial services provider earns $23.04 million in net income (profit) each year or $1.00 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.