NXRT Stock Recent News

REITs are so cheap that they are getting the attention of billionaires. Legendary investor Barry Sternlicht is loading up on REITs. We discuss what he is buying and why.

COVID-19 led to a migration to Sunbelt cities, causing a surge in apartment rents and subsequent overbuilding, which is now stabilizing. Multifamily REITs saw a decline in valuations but are now modestly valued with a P/AFFO multiple averaging 18.3x, higher than the broader REIT market. Despite suppressed rent growth and occupancy, strong job markets and reduced new supply suggest the potential for landlords to regain pricing power.

REITs are offering a once-in-a-decade opportunity. They are heavily discounted and some enjoy strong catalysts in 2025. This could lead to significant upside. Here are some of my top picks.

With the holiday season underway, I present 17 companies with dividend increases for 2024, including Becton, Dickinson, and Company, a dividend king with a 52-year streak. My strategy focuses on buying, holding, and adding to companies with consistent dividend growth and outperforming benchmarks, using data from U.S. Dividend Champions and NASDAQ. I prioritize companies with strong historical returns and high 10-year dividend growth rates, comparing them against the Schwab U.S. Dividend Equity ETF.

DALLAS , Nov. 27, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. ("NXRT" or the "Company") (NYSE: NXRT) announced today the closing of 17-property agency mortgage refinancings through J.P. Morgan Chase Bank ("JP Morgan").

The REIT sector snapped a 5-month winning streak with a -3.42% average total return in October. Micro cap (-2.04%) and mid-cap (-2.30%) REITs averaged modest declines in October, while large caps (-3.89%) and small caps (-4.62%) were deeper in the red. 72.90% of REIT securities had a negative total return in October.

DALLAS , Nov. 7, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. ("NXRT" or the "Company") (NYSE: NXRT) announced today that Brian Mitts, NXRT's Chief Financial Officer, Executive VP-Finance, Secretary and Treasurer, Matthew McGraner, NXRT's Executive VP and Chief Investment Officer, Bonner McDermett, NXRT VP, Asset Management, and Sean Jacobson, NXRT VP, Asset Management will be meeting with investors and others at Nareit's REITworld: 2024 Annual Conference, to be held November 18-21 at the Wynn Las Vegas in Las Vegas. A copy of the meeting materials will be posted in the Resources section of NXRT's website at nxrt.nexpoint.com on the morning of November 18, 2024.

Value-add multifamily operator, NexPoint Residential, reported better-than-expected Q3 FFO and announced a 10.3% increase to their quarterly dividend payout. Refinancing activity subsequent to quarter end also improved the REIT's debt profile. NexPoint has outperformed sector peers over the last year, with gains of approximately 60%.

NexPoint Residential Trust, Inc. (NYSE:NXRT ) Q3 2024 Earnings Call Transcript October 29, 2024 11:00 AM ET Company Participants Kristen Thomas - IR Brian Mitts - EVP and CFO Matt McGraner - EVP and CIO Bonner McDermett - VP, Asset and Investment Management Conference Call Participants Omotayo Okusanya - Deutsche Bank Michael Lewis - Truist Securities Operator Thank you for standing by. My name is Mark, and I will be your conference operator today.

The headline numbers for NexPoint Residential Trust Inc. (NXRT) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.