NexPoint Residential price target lowered to $44 from $50 at Raymond James

Raymond James lowered the firm’s price target on NexPoint Residential (NXRT) to $44 from $50 and keeps an Outperform rating on the shares. The updated price target reflects recent 2025 guidance, mid-quarter operating updates provided at a key REIT conference earlier this month, and the firm’s insights from recent MSA-level rent tracking data, the analyst tells investors in a research note. A resilient economy has led to stronger than expected household formation and multifamily demand this year, partially offsetting the surge in new supply growth, though the firm expects same store revenue growth to remain subdued through 1H25 before significantly accelerating through 2026.