NexPoint Residential price target lowered to $27 from $30 at Truist

Truist lowered the firm’s price target on NexPoint Residential (NXRT) to $27 from $30 and keeps a Hold rating on the shares. The firm believes the company’s real estate “appears deeply undervalued” at a 6.7% implied cap rate. However, NexPoint’s fundamentals may be pressured by “weak” U.S. employment trends even as the pace of new supply slows, the analyst tells investors in a research note. The firm also sees interest expense becoming a “significant headwind” in the second half of 2026.