NXRT
NexPoint Residential TrustNXRT
NXRT
About: NexPoint Residential Trust Inc is a real estate investment trust company. Its objectives are to maximize the cash flow and value of properties owned, acquire properties with cash flow growth potential, provide quarterly cash distributions, and achieve long-term capital appreciation for stockholders. The company seeks to achieve these objectives through targeted management and a capex value-add program. It focuses on acquiring multifamily properties in markets with attractive job growth and household formation fundamentals predominantly in the Southeastern and Southwestern United States. The company generates revenue from the rental of multifamily properties.
Employees: 3
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
100% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 16
76% more call options, than puts
Call options by funds: $171K | Put options by funds: $97K
10% more capital invested
Capital invested by funds: $777M [Q2] → $853M (+$75.7M) [Q3]
8% more funds holding
Funds holding: 204 [Q2] → 220 (+16) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]
8% less repeat investments, than reductions
Existing positions increased: 73 | Existing positions reduced: 79
1.26% less ownership
Funds ownership: 76.49% [Q2] → 75.23% (-1.26%) [Q3]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$50
18%
upside
Avg. target
$50
18%
upside
High target
$50
18%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Raymond James Buck Horne 23% 1-year accuracy 5 / 22 met price target | 18%upside $50 | Outperform Upgraded | 21 Oct 2024 |
Financial journalist opinion
Based on 3 articles about NXRT published over the past 30 days
Positive
Seeking Alpha
2 weeks ago
17 Upcoming Dividend Increases, Including A King
With the holiday season underway, I present 17 companies with dividend increases for 2024, including Becton, Dickinson, and Company, a dividend king with a 52-year streak. My strategy focuses on buying, holding, and adding to companies with consistent dividend growth and outperforming benchmarks, using data from U.S. Dividend Champions and NASDAQ. I prioritize companies with strong historical returns and high 10-year dividend growth rates, comparing them against the Schwab U.S. Dividend Equity ETF.
Neutral
PRNewsWire
3 weeks ago
NexPoint Residential Trust, Inc. Completes Refinancings of 17 Properties
DALLAS , Nov. 27, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. ("NXRT" or the "Company") (NYSE: NXRT) announced today the closing of 17-property agency mortgage refinancings through J.P. Morgan Chase Bank ("JP Morgan").
Negative
Seeking Alpha
3 weeks ago
The State Of REITs: November 2024 Edition
The REIT sector snapped a 5-month winning streak with a -3.42% average total return in October. Micro cap (-2.04%) and mid-cap (-2.30%) REITs averaged modest declines in October, while large caps (-3.89%) and small caps (-4.62%) were deeper in the red. 72.90% of REIT securities had a negative total return in October.
Neutral
PRNewsWire
1 month ago
NexPoint Residential Trust, Inc. to Participate at Nareit's REITworld: 2024 Investor Conference
DALLAS , Nov. 7, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. ("NXRT" or the "Company") (NYSE: NXRT) announced today that Brian Mitts, NXRT's Chief Financial Officer, Executive VP-Finance, Secretary and Treasurer, 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 REITworld: 2024 Annual Conference, to be held November 18-21 at the Wynn Las Vegas in Las Vegas. 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 November 18, 2024.
Positive
Seeking Alpha
1 month ago
NexPoint Residential: Shares Valued Fairly As Q3 Results Top Expectations
Value-add multifamily operator, NexPoint Residential, reported better-than-expected Q3 FFO and announced a 10.3% increase to their quarterly dividend payout. Refinancing activity subsequent to quarter end also improved the REIT's debt profile. NexPoint has outperformed sector peers over the last year, with gains of approximately 60%.
Neutral
Seeking Alpha
1 month ago
NexPoint Residential Trust, Inc. (NXRT) Q3 2024 Earnings Call Transcript
NexPoint Residential Trust, Inc. (NYSE:NXRT ) Q3 2024 Earnings Call Transcript October 29, 2024 11:00 AM ET Company Participants Kristen Thomas - IR Brian Mitts - EVP and CFO Matt McGraner - EVP and CIO Bonner McDermett - VP, Asset and Investment Management Conference Call Participants Omotayo Okusanya - Deutsche Bank Michael Lewis - Truist Securities Operator Thank you for standing by. My name is Mark, and I will be your conference operator today.
Positive
Zacks Investment Research
1 month ago
NexPoint Residential Trust Inc. (NXRT) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for NexPoint Residential Trust Inc. (NXRT) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Positive
Zacks Investment Research
1 month ago
NexPoint Residential Trust Inc. (NXRT) Q3 FFO Beat Estimates
NexPoint Residential Trust Inc. (NXRT) came out with quarterly funds from operations (FFO) of $0.79 per share, beating the Zacks Consensus Estimate of $0.76 per share. This compares to FFO of $0.76 per share a year ago.
Neutral
PRNewsWire
1 month ago
NEXPOINT RESIDENTIAL TRUST, INC. REPORTS THIRD QUARTER 2024 RESULTS
NXRT Boosts Quarterly Dividend by 10.3%; Announces Completed Refinancings of 17 Properties and $24.5 million of Disposition Activity DALLAS , Oct. 29, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. (NYSE:NXRT) reported financial results for the third quarter ended September 30, 2024. Highlights NXRT1 reported Net Loss, FFO2, Core FFO2 and AFFO2 of $(8.9)M, $15.7M, $17.9M and $20.6M, respectively, attributable to common stockholders for the quarter ended September 30, 2024, compared to Net Income, FFO, Core FFO, and AFFO of $33.7M, $14.5M, $18.1M and $20.6M, respectively, attributable to common stockholders for the quarter ended September 30, 2023.
Neutral
PRNewsWire
1 month ago
NexPoint Residential Trust, Inc. Increases Quarterly Dividend by 10.3%
DALLAS , Oct. 29, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. (NYSE: NXRT) ("NXRT") announced today that its board of directors unanimously approved a dividend of $0.51 per share of NXRT common stock, payable on December 31, 2024, to stockholders of record on December 13, 2024. This represents an 10.3% increase over the previous quarter's dividend per share and an increase of 147.6% since inception in 2015.
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