NexPoint Residential Trust, Inc. Increases Quarterly Dividend by 10.3%
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Truist Securities Reiterates Hold Rating on NexPoint Residential Trust (NXRT)
October 29, 2024 10:57 AM EDTTruist Securities analyst Michael Lewis reiterated a Hold rating and $46.00 price target on NexPoint Residential Trust (NYSE: NXRT).
The analyst comments "Earlier this month, the company completed the previously announced sale of Stone Creek at Old Farm for $24.5 million. As stated above, management reduced FY24 acquisition guidance to $0 (from ~$50 million) and disposition guidance to $167 million (from ~$175 million). Managements internal NAV estimate decreased by 3% at the... More
