NexPoint Residential Trust (NYSE:NXRT – Get Free Report) issued an update on its FY 2024 earnings guidance on Tuesday morning. 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 -.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on NXRT shares. JMP Securities restated a market outperform rating and set a $40.00 target price on shares of NexPoint Residential Trust in a research report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft began coverage on shares of NexPoint Residential Trust in a research note on Tuesday, January 30th. They issued a buy rating and a $38.00 target price for the company. Raymond James downgraded NexPoint Residential Trust from a market perform rating to an underperform rating in a report on Monday, March 18th. Finally, Truist Financial cut their target price on NexPoint Residential Trust from $37.00 to $35.00 and set a hold rating on the stock in a research note on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, NexPoint Residential Trust presently has a consensus rating of Hold and an average price target of $37.25.
Read Our Latest Report on NexPoint Residential Trust
NexPoint Residential Trust Stock Performance
NexPoint Residential Trust Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a $0.462 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 5.48%. The ex-dividend date was Thursday, March 14th. NexPoint Residential Trust’s payout ratio is currently 110.12%.
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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