Analysts at Truist Securities lowered their price target on NexPoint Residential Trust (NYSE:) stock to $34.00 (from $35.00) while maintaining a Hold rating.
Analysts commented: “We raised our 2024 NFFO estimates slightly, lowered our 2025 estimates, and lowered PT by $1 to $34 (was $35). We believe our Sunbelt-focused peers CPT (Buy) and MAA (Buy) are The Two Factors The most attractive REIT stocks in our coverage universe for the next 12 months fall in the same area, but we look at the stock very differently because its high financial leverage (and G&A expenses as a percentage of revenue) means it can't turn NOI.' We expect earnings to decline NXRT will continue to cash flow efficiently in the coming years, with $1.2 billion worth of interest rate swaps due during 3Q26.”