Barry Oxford, an analyst from Colliers Securities, maintained the Buy rating on NexPoint Residential (NXRT – Research Report). The associated price target was lowered to $42.00.
Barry Oxford has given his Buy rating due to a combination of factors that highlight NexPoint Residential Trust’s potential for growth and stability. The company has demonstrated strong financial performance, with its Core FFO exceeding expectations, indicating efficient financial management and operational effectiveness. Despite a slight decrease in same-store occupancy and rent per unit, the company anticipates a robust leasing season and rent growth, suggesting a positive outlook for future earnings.
Additionally, NexPoint’s strong liquidity position, with significant cash reserves and no major debt maturities until 2031, provides a solid financial foundation. The company’s strategic focus on middle-income multifamily properties in key urban and suburban areas, coupled with its plans for acquisitions, positions it well for future growth. The attractive valuation, with a price target implying a notable return, further supports the Buy rating, as NexPoint’s potential return exceeds broader market expectations.
Oxford covers the Real Estate sector, focusing on stocks such as Centerspace, Rexford Industrial Realty, and NexPoint Residential. According to TipRanks, Oxford has an average return of 0.6% and a 51.52% success rate on recommended stocks.