NEXPOINT RESIDENTIAL TRUST, INC. REPORTS THIRD QUARTER 2024 RESULTS
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October 29, 2024 10:57 AM EDT
Truist Securities analyst Michael Lewis reiterated a Hold rating and $46.00 price target on NexPoint Residential Trust (NYSE: NXRT).
The analyst comments "Earlier this month, the company completed the previously announced sale of Stone Creek at Old Farm for $24.5 million. As stated above, management reduced FY24 acquisition guidance to $0 (from ~$50 million) and disposition guidance to $167 million (from ~$175 million). Managements internal NAV estimate decreased by 3% at the... More
October 29, 2024 8:17 AM EDT
NexPoint Residential Trust (NYSE: NXRT) reported Q3 EPS of ($0.35), $0.08 worse than the analyst estimate of ($0.27). Revenue for the quarter came in at $64.1 million versus the consensus estimate of $64.29 million.
For earnings history and earnings-related data on NexPoint Residential Trust (NXRT) click here.
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