NexPoint Residential Trust (NYSE:NXRT – Get Free Report) updated its FY 2024 earnings guidance on Tuesday. The company provided EPS guidance of 2.600-2.850 for the period, compared to the consensus EPS estimate of 2.680. The company issued revenue guidance of -.
Analysts Set New Price Targets
A number of research firms have commented on NXRT. JMP Securities restated a market outperform rating and issued a $40.00 price target on shares of NexPoint Residential Trust in a report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft started coverage on shares of NexPoint Residential Trust in a report on Tuesday, January 30th. They set a buy rating and a $38.00 price objective for the company. Raymond James cut shares of NexPoint Residential Trust from a market perform rating to an underperform rating in a report on Monday, March 18th. Finally, Truist Financial reduced their price objective on shares of NexPoint Residential Trust from $37.00 to $35.00 and set a hold rating for the company in a report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of Hold and a consensus target price of $37.25.
Get Our Latest Analysis on NXRT
NexPoint Residential Trust Stock Up 1.0 %
NexPoint Residential Trust Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a $0.4624 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 5.37%. The ex-dividend date is Friday, June 14th. This is a boost from NexPoint Residential Trust’s previous quarterly dividend of $0.46. NexPoint Residential Trust’s payout ratio is currently 65.37%.
About NexPoint Residential Trust
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.
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