
NXRT Stock Forecast & Price Target
NXRT Analyst Ratings
Bulls say
NexPoint Residential Trust Inc. is positioned favorably due to its targeted management strategy and value-add program, which are expected to enhance rental rates and net operating income (NOI) across its multifamily properties. The company is modeling a 2.1% year-over-year same-store revenue growth for 2024, with expense growth at 3.4%, leading to a 1.2% growth in same-store NOI, aligning with management's guidance. Additionally, the updated forecast indicates a rise in normalized funds from operations (FFO) estimates to $2.77 per share for 2024, supported by lower interest rates from refinancing activities and an anticipated average annual normalized FFO per share growth of 0.8% from 2024 to 2029.
Bears say
NexPoint Residential Trust Inc. is facing a challenging outlook, with an estimated -1.2% year-over-year normalized Funds from Operations (FFO) decrease expected for 2024, compounded by significant debt extinguishment charges affecting earnings. The company operates in an environment of high new supply in their key markets, which poses risks of underperformance, particularly if this supply accelerates. Moreover, despite NexPoint trading at a discount relative to its Net Asset Value (NAV), the anticipated moderate revenue growth coupled with higher expense projections points to potential difficulties in sustaining profitability.
This aggregate rating is based on analysts' research of NexPoint Residential Trust and is not a guaranteed prediction by Public.com or investment advice.
NXRT Analyst Forecast & Price Prediction
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