NexPoint Residential Price, Forecast, Insider, Ratings, Fundamentals & Signals

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.

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 31, 2023.

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 cities and suburban submarkets of large cities, primarily in the southeastern and southwestern united states.

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.

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.

Although the revenue and EPS for NexPoint Residential Trust Inc. (NXRT) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

NexPoint Residential Trust Inc. (NXRT) came out with quarterly funds from operations (FFO) of $0.86 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.81 per share a year ago.

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.

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NexPoint Residential Trust, Inc. (NXRT) Q4 2023 Earnings Call Transcript

While the top- and bottom-line numbers for NexPoint Residential Trust Inc. (NXRT) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

NexPoint Residential stock has suffered due to the rising interest rate environment and its highly leveraged, floating rate debt. However, the company has been selling assets and reducing its debt, resulting in a significant reduction in interest rate vulnerable debt and improved balance sheet. NXRT trades at a significant discount to its peers and has the potential for a 30% upside if it can regain market respect.

NexPoint Residential Trust is a residential REIT that owns and manages multi-family properties in the Southwestern and Southeastern U.S. The REIT's portfolio is widely diversified across large markets and has shown strong operating performance. Most importantly, the stock price is currently trading at a discount to NAV and results in an attractive dividend yield which looks safe.

Fortune reported in November that rent is cheaper than mortgages in 95 out of 97 major metropolitan areas in the U.S. These rental market trends were from Bank of America's economists.   “[T]heir analysis found that ‘rent was still cheaper than mortgages in all but two of 97 major Metro Areas,' as of October, despite the fact that both rents and mortgage payments have gotten more expensive, relative to median income, since the pandemic.