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.
IPO Year: 2015
Exchange: NYSE
Website: nexpointliving.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
5/24/2024 | Underperform → Mkt Perform | Raymond James | |
3/18/2024 | Mkt Perform → Underperform | Raymond James | |
1/30/2024 | $38.00 | Buy | Deutsche Bank |
12/20/2023 | $36.00 | Buy → Neutral | Janney |
1/9/2023 | $47.00 | Outperform → Neutral | Credit Suisse |
10/19/2022 | $78.00 → $45.00 | Buy → Hold | Jefferies |
9/20/2022 | $70.00 | Mkt Outperform | JMP Securities |
8/12/2022 | Neutral → Buy | Janney | |
6/23/2022 | $72.00 | Outperform | Credit Suisse |
5/9/2022 | Neutral | BTIG Research |
DALLAS, Aug. 4, 2022 /PRNewswire/ -- NexPoint Residential Trust, Inc. ("NXRT" or the "Company") (NYSE:NXRT) announced today Dr. Carol Swain was appointed to the Board of Directors effective August 2, 2022. Dr. Carol Swain, an award-winning political scientist and former tenured professor at Princeton and Vanderbilt Universities, is a Distinguished Senior Fellow for Constitutional Studies with the Texas Public Policy Foundation and an educational advisor for American Cornerstone Institute. She has served on the Tennessee Advisory Committee to the U.S. Civil Rights Commission, t
NXRT Raises Full Year 2024 Guidance, Reports Net Income of $10.6 million, $39.25 million of Disposition Activity and $14.6 million of Share Repurchase Activity DALLAS, July 30, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. (NYSE:NXRT) reported financial results for the second quarter ended June 30, 2024. Highlights NXRT1 reported Net Income, FFO2, Core FFO2 and AFFO2 of $10.6M, $16.3M, $17.9M and $20.9M, respectively, attributable to common stockholders for the quarter ended June 30, 2024, compared to Net Loss, FFO, Core FFO, and AFFO of $(4.0)M, $19.8M, $20.4M and $23.2M, respectively, attributable to common stockholders for the quarter ended June
DALLAS, July 30, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. (NYSE:NXRT) ("NXRT") announced today that its board of directors approved a dividend of $0.46242 per share of NXRT common stock, payable on September 30, 2024, to stockholders of record on September 13, 2024. About NexPoint Residential Trust, Inc. 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 i
DALLAS, July 2, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. ("NXRT" or the "Company") (NYSE:NXRT) announced today that the Company is scheduled to host a conference call on Tuesday, July 30, 2024, at 11:00 a.m. ET (10:00 am CT), to discuss second quarter 2024 financial results. The conference call can be accessed live over the phone by dialing 888-660-4430 or, for international callers, +1 646-960-0537 and using passcode Conference ID: 5001576. A live audio webcast of the call will be available online at the Company's website, https://nxrt.nexpoint.com (under "Resour
NXRT Reports Net Income of $26.4 million; $49.4 million of Capital Recycling Activity and Full Repayment of the Drawn Balance on the Corporate Credit Facility DALLAS, April 30, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. (NYSE:NXRT) reported financial results for the first quarter ended March 31, 2024. Highlights NXRT1 reported Net Income, FFO2, Core FFO2 and AFFO2 of $26.3M, $18.9M, $19.6M and $22.6M, respectively, attributable to common stockholders for the quarter ended March 31, 2024, compared to Net Loss, FFO, Core FFO and AFFO of $(3.9)M, $19.3M, $18.6M and $21.0M, respectively, attributable to common stockholders for the quarter ended March
DALLAS, April 30, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. (NYSE:NXRT) ("NXRT") announced today that its board of directors approved a dividend of $0.46242 per share of NXRT common stock, payable on June 28, 2024, to stockholders of record on June 14, 2024. About NexPoint Residential Trust, Inc. 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 c
DALLAS, April 1, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. ("NXRT" or the "Company") (NYSE:NXRT) announced today that the Company is scheduled to host a conference call on Tuesday, April 30, 2024, at 11:00 a.m. ET (10:00 am CT), to discuss first quarter 2024 financial results. The conference call can be accessed live over the phone by dialing 888-660-4430 or, for international callers, +1 646-960-0537 and using passcode Conference ID: 5001576. A live audio webcast of the call will be available online at the Company's website, https://nxrt.nexpoint.com/home/defau
NXRT Recaps Disposition Activity, Value-Add Results and Issues 2024 Full Year Guidance DALLAS, Feb. 20, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. (NYSE:NXRT) reported financial results for the fourth quarter and year ended December 31, 2023. Highlights NXRT1 reported net income, FFO2, Core FFO2 and AFFO2 of $44.3M, $71.4M, $73.5M and $84.4M, respectively, attributable to common stockholders for the year ended December 31, 2023, compared to net loss, FFO, Core FFO, and AFFO of $(9.3)M, $73.4M, $81.8M and $91.4M, respectively, attributable to common stockholders for the year ended December 31, 2022.For the year ended December 31, 2023, 2022-2023 S
DALLAS, Feb. 20, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. (NYSE:NXRT) ("NXRT") announced today that its board of directors unanimously approved a dividend of $0.46242 per share of NXRT common stock, payable on March 28, 2024, to stockholders of record on March 15, 2024. About NexPoint Residential Trust, Inc. 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" potenti
DALLAS, Feb. 5, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. ("NXRT" or the "Company") (NYSE:NXRT) announced today that the Company is scheduled to host a conference call on Tuesday, February 20, 2024, at 11:00 a.m. ET (10:00 am CT), to discuss fourth quarter and full year 2023 financial results. The conference call can be accessed live over the phone by dialing 888-660-4430 or, for international callers, +1 646-960-0537 and using passcode Conference ID: 5001576. A live audio webcast of the call will be available online at the Company's website, https://nxrt.nexpoi
DALLAS, Jan. 30, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. ("NXRT" or the "Company") (NYSE:NXRT) announced today the final income allocations of the Company's 2023 dividend distributions on its common stock. The final income allocations as they will be reported on Form 1099-DIV are set forth in the following table: Common Shares (CUSIP #65341D102) Ex DividendDate Record Date Payable Date Distribution Per Share Taxable Ordinary Income Per Share (1) Taxable Capital Gain Distr. Per Share (2)(3) Unrecap. Sec. 1250 Gain Per Share Return of Capital Per Share 3/14/2023 3/
4 - NexPoint Residential Trust, Inc. (0001620393) (Issuer)
4 - NexPoint Residential Trust, Inc. (0001620393) (Issuer)
4 - NexPoint Residential Trust, Inc. (0001620393) (Issuer)
4 - NexPoint Residential Trust, Inc. (0001620393) (Issuer)
4 - NexPoint Residential Trust, Inc. (0001620393) (Issuer)
4 - NexPoint Residential Trust, Inc. (0001620393) (Issuer)
4 - NexPoint Residential Trust, Inc. (0001620393) (Issuer)
4 - NexPoint Residential Trust, Inc. (0001620393) (Issuer)
4 - NexPoint Residential Trust, Inc. (0001620393) (Issuer)
4 - NexPoint Residential Trust, Inc. (0001620393) (Issuer)
Raymond James upgraded NexPoint Residential from Underperform to Mkt Perform
Raymond James downgraded NexPoint Residential from Mkt Perform to Underperform
Deutsche Bank initiated coverage of NexPoint Residential with a rating of Buy and set a new price target of $38.00
Janney downgraded NexPoint Residential from Buy to Neutral and set a new price target of $36.00
Credit Suisse downgraded NexPoint Residential from Outperform to Neutral and set a new price target of $47.00
Jefferies downgraded NexPoint Residential from Buy to Hold and set a new price target of $45.00 from $78.00 previously
JMP Securities initiated coverage of NexPoint Residential with a rating of Mkt Outperform and set a new price target of $70.00
Janney upgraded NexPoint Residential from Neutral to Buy
Credit Suisse initiated coverage of NexPoint Residential with a rating of Outperform and set a new price target of $72.00
BTIG Research initiated coverage of NexPoint Residential with a rating of Neutral
Ratings for NexPoint Residential (NYSE:NXRT) were provided by 4 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 0 4 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 2 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 1 0 0 In the assessment of 12-month price targets, analysts unveil insights for NexPoint Residential, presenting an average target of $36.0, a high estimate of $38.00, and a low estimate of $34.00. Holdi
Truist Securities analyst Michael Lewis maintains NexPoint Residential (NYSE:NXRT) with a Hold and raises the price target from $34 to $37.
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Deutsche Bank analyst Omotayo Okusanya downgrades NexPoint Residential (NYSE:NXRT) from Buy to Hold and maintains the price target from $38 to $38.
Truist Securities analyst Michael Lewis maintains NexPoint Residential (NYSE:NXRT) with a Hold and lowers the price target from $35 to $34.
U.S. residential home prices accelerated in February. Prices defied the gravitational pull of high mortgage costs and surpassed analysts’ expectations as reduced supply and robust economic momentum continued to drive up property valuations. U.S. house prices saw a 1.2% month-over-month growth in February 2024, the largest increase in a single month since April 2022, significantly outpacing expectations of a 0.1% growth, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). Home Prices ‘Rebounded’ Across the nine census divisions, the seasonally adjusted monthly price changes from January 2024 to February 2024 ranged from
NexPoint Residential (NYSE:NXRT) reported quarterly earnings of $0.75 per share which beat the analyst consensus estimate of $0.68 by 10.29 percent. The company reported quarterly sales of $67.600 which missed the analyst consensus estimate of $66.579 million by 100.00 percent. This is a 100.00 percent decrease over sales of $69.200 million the same period last year.
Truist Securities analyst Michael Lewis maintains NexPoint Residential (NYSE:NXRT) with a Hold and lowers the price target from $37 to $35.
Raymond James analyst Buck Horne downgrades NexPoint Residential (NYSE:NXRT) from Market Perform to Underperform.
JMP Securities analyst Aaron Hecht reiterates NexPoint Residential (NYSE:NXRT) with a Market Outperform and maintains $40 price target.
NXRT Raises Full Year 2024 Guidance, Reports Net Income of $10.6 million, $39.25 million of Disposition Activity and $14.6 million of Share Repurchase Activity DALLAS, July 30, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. (NYSE:NXRT) reported financial results for the second quarter ended June 30, 2024. Highlights NXRT1 reported Net Income, FFO2, Core FFO2 and AFFO2 of $10.6M, $16.3M, $17.9M and $20.9M, respectively, attributable to common stockholders for the quarter ended June 30, 2024, compared to Net Loss, FFO, Core FFO, and AFFO of $(4.0)M, $19.8M, $20.4M and $23.2M, respectively, attributable to common stockholders for the quarter ended June
DALLAS, July 30, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. (NYSE:NXRT) ("NXRT") announced today that its board of directors approved a dividend of $0.46242 per share of NXRT common stock, payable on September 30, 2024, to stockholders of record on September 13, 2024. About NexPoint Residential Trust, Inc. 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 i
DALLAS, July 2, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. ("NXRT" or the "Company") (NYSE:NXRT) announced today that the Company is scheduled to host a conference call on Tuesday, July 30, 2024, at 11:00 a.m. ET (10:00 am CT), to discuss second quarter 2024 financial results. The conference call can be accessed live over the phone by dialing 888-660-4430 or, for international callers, +1 646-960-0537 and using passcode Conference ID: 5001576. A live audio webcast of the call will be available online at the Company's website, https://nxrt.nexpoint.com (under "Resour
DALLAS, May 29, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. ("NXRT" or the "Company") (NYSE:NXRT) announced today that Matthew McGraner, NXRT's Executive VP and Chief Investment Officer, Bonner McDermett, NXRT VP, Asset Management, and Sean Jacobson, NXRT VP, Asset Management will be meeting with investors and others at Nareit's REITweek: 2024 Investor Conference, to be held June 3-6 at the New York Hilton Midtown in New York City. A copy of the meeting materials will be posted in the Resources section of NXRT's website at nxrt.nexpoint.com on the morning of June 3,
DALLAS, May 2, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. ("NXRT" or the "Company") (NYSE:NXRT) announced today the closing of the sale of Radbourne Lake Apartment Homes in Charlotte, NC, a 225-unit property built in 1991. The property was acquired for $24.3 million on September 30, 2014, and has provided consistent operational and cash flow performance for the portfolio for the last 9+ years. As of April 30, 2024, the property was 92.4% leased with a weighted average effective monthly rent of approximately $1,420, which is 58.5%, or $524, higher than it was upon takeover. Net proceeds from the sale were approximately $18.6M, delivering a trailing nominal tax and insurance adjus
NXRT Reports Net Income of $26.4 million; $49.4 million of Capital Recycling Activity and Full Repayment of the Drawn Balance on the Corporate Credit Facility DALLAS, April 30, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. (NYSE:NXRT) reported financial results for the first quarter ended March 31, 2024. Highlights NXRT1 reported Net Income, FFO2, Core FFO2 and AFFO2 of $26.3M, $18.9M, $19.6M and $22.6M, respectively, attributable to common stockholders for the quarter ended March 31, 2024, compared to Net Loss, FFO, Core FFO and AFFO of $(3.9)M, $19.3M, $18.6M and $21.0M, respectively, attributable to common stockholders for the quarter ended March
DALLAS, April 30, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. (NYSE:NXRT) ("NXRT") announced today that its board of directors approved a dividend of $0.46242 per share of NXRT common stock, payable on June 28, 2024, to stockholders of record on June 14, 2024. About NexPoint Residential Trust, Inc. 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 c
DALLAS, April 1, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. ("NXRT" or the "Company") (NYSE:NXRT) announced today that the Company is scheduled to host a conference call on Tuesday, April 30, 2024, at 11:00 a.m. ET (10:00 am CT), to discuss first quarter 2024 financial results. The conference call can be accessed live over the phone by dialing 888-660-4430 or, for international callers, +1 646-960-0537 and using passcode Conference ID: 5001576. A live audio webcast of the call will be available online at the Company's website, https://nxrt.nexpoint.com/home/defau
DALLAS, March 19, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. (NYSE:NXRT) ("NXRT") announced today that the record date for determining stockholders entitled to vote at the 2024 Annual Meeting of Stockholders (the "Annual Meeting") will be Monday, April 1, 2024. The Annual Meeting will be held on Tuesday, May 7, 2024, beginning at 10:00 a.m. Central Time. The Annual Meeting will be held exclusively through a virtual format. Stockholders will not be able to attend the Annual Meeting in person, however stockholders of record as of the close of business on April 1, 2024, will be able to vote and ask questions during the Annual Meeting through the online platform.
DALLAS, March 5, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. ("NXRT" or the "Company") (NYSE:NXRT) announced today the closing of the sale of Old Farm in Houston, TX, a 734-unit property built in 1996. The property was acquired for $84.7 million on December 29, 2016 and has provided consistent operational and cash flow performance for the portfolio for the last 7+ years. As of March 1, 2024, the property was 91.41% leased with a weighted average effective monthly rent of approximately $1,307. Net proceeds from the sale were approximately $49.4M, delivering a trailing nominal tax and insurance adjusted cap rate of 5.36%, a 22.14% levered internal rate of return and a 2.98x multiple
10-Q - NexPoint Residential Trust, Inc. (0001620393) (Filer)
8-K - NexPoint Residential Trust, Inc. (0001620393) (Filer)
8-K - NexPoint Residential Trust, Inc. (0001620393) (Filer)
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10-K - NexPoint Residential Trust, Inc. (0001620393) (Filer)
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