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NexPoint Residential Trust Inc has a consensus price target of $55.29 based on the ratings of 9 analysts. The high is $72 issued by Credit Suisse on June 23, 2022. The low is $44 issued by Deutsche Bank on September 10, 2024. The 3 most-recent analyst ratings were released by Raymond James, Deutsche Bank, and Truist Securities on October 21, 2024, September 10, 2024, and August 27, 2024, respectively. With an average price target of $46.67 between Raymond James, Deutsche Bank, and Truist Securities, there's an implied 9.75% upside for NexPoint Residential Trust Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for NexPoint Residential (NYSE:NXRT) was reported by Raymond James on October 21, 2024. The analyst firm set a price target for $50.00 expecting NXRT to rise to within 12 months (a possible 17.59% upside). 11 analyst firms have reported ratings in the last year.
The latest analyst rating for NexPoint Residential (NYSE:NXRT) was provided by Raymond James, and NexPoint Residential upgraded their outperform rating.
The last upgrade for NexPoint Residential Trust Inc happened on October 21, 2024 when Raymond James raised their price target to $50. Raymond James previously had a market perform for NexPoint Residential Trust Inc.
The last downgrade for NexPoint Residential Trust Inc happened on June 11, 2024 when Deutsche Bank changed their price target from $38 to $38 for NexPoint Residential Trust Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of NexPoint Residential, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for NexPoint Residential was filed on October 21, 2024 so you should expect the next rating to be made available sometime around October 21, 2025.
While ratings are subjective and will change, the latest NexPoint Residential (NXRT) rating was a upgraded with a price target of $0.00 to $50.00. The current price NexPoint Residential (NXRT) is trading at is $42.52, which is within the analyst’s predicted range.
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