Jefferies raised the firm’s price target on NexPoint Residential (NXRT) to $43 from $41 and keeps a Hold rating on the shares. The firm cites improving supply forecasts in the Sunbelt for the target bump. However, it remains on the sidelines given NexPoint’s leverage, upcoming interest rate swap expirations, and exposure to lower-income residents.
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Read More on NXRT:
- NexPoint Residential Trust Reports 2024 Earnings and Outlook
- NexPoint Residential’s Mixed Earnings Call: Strategic Moves Amid Challenges
- NexPoint Residential reports Q4 AFFO 78c, consensus 80c
- NXRT Earnings this Week: How Will it Perform?
- NexPoint Residential price target lowered to $40 from $44 at Deutsche Bank
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