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NexPoint Residential Trust Inc - NXRT STOCK NEWS

Welcome to our dedicated news page for NexPoint Residential Trust (Ticker: NXRT), a resource for investors and traders seeking the latest updates and insights on NexPoint Residential Trust.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect NexPoint Residential Trust's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of NexPoint Residential Trust's position in the market.

News
NexPoint Residential Trust, Inc. to Participate at Nareit's REITworld: 2023 Annual Conference
Rhea-AI Summary
NXRT - NexPoint Residential Trust, Inc. Announces Participation in Nareit's REITworld: 2023 Annual Conference. CFO, EVP-Finance, Secretary, Treasurer, EVP-Chief Investment Officer, and VPs to meet investors. Meeting materials to be posted on company website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.38%
Tags
conferences
-
News
NEXPOINT RESIDENTIAL TRUST, INC. REPORTS THIRD QUARTER 2023 RESULTS
Rhea-AI Summary
NexPoint Residential Trust, Inc. (NXRT) reported Q3 2023 financial results with net income of $33.7M, FFO of $14.5M, Core FFO of $17.1M, and AFFO of $20.0M. The company achieved a 3.1% increase in Q3 Same Store properties' average effective rent and a 10.1% increase in quarterly dividend. NXRT completed the sale of Silverbrook for $70.0M and made a $16.0M paydown on its credit facility.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.56%
Tags
earnings
-
News
NexPoint Residential Trust, Inc. Increases Quarterly Dividend by 10.1%
Rhea-AI Summary
NexPoint Residential Trust, Inc. (NYSE: NXRT) has approved a dividend of $0.46242 per share of NXRT common stock. The dividend is payable on December 29, 2023, to stockholders of record on December 15, 2023. This represents a 10.1% increase over the previous quarter's distribution and a 124.5% increase since inception in 2015.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.56%
Tags
dividends
News
NexPoint Residential Trust, Inc. Announces Third Quarter 2023 Earnings Conference Call
Rhea-AI Summary
NexPoint Residential Trust, Inc. will host a conference call on October 31, 2023, to discuss Q3 2023 financial results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.08%
Tags
earnings
-
News
NexPoint Residential Trust, Inc. Completes the Sale of Silverbrook and Further Paydown of the Corporate Credit Facility
Rhea-AI Summary
NexPoint Residential Trust, Inc. announced the closing of the sale of Silverbrook in Dallas, TX, for $30.4M, delivering a 34.0% levered internal rate of return and a 6.14x equity multiple. Net proceeds were $19.5M, reducing the drawn balance on the facility to $41M, an 88% reduction from September 30, 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.97%
Tags
none
-
News
NexPoint Residential Trust, Inc. Announces Entrance into Contract to Sell Old Farm in Houston, TX, and Silverbrook in Dallas, TX
Rhea-AI Summary
NexPoint Residential Trust, Inc. (NYSE: NXRT) has announced the sale of Old Farm in Houston, TX, and Silverbrook in Dallas, TX to separate buyers. The sales are expected to generate approximately $67 to 69 million in net sales proceeds. The company will use the proceeds to pay off the $57 million outstanding balance on the corporate credit facility, reducing portfolio-level debt by approximately $156 million. The dispositions are expected to close in early October.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.35%
Tags
none
News
NexPoint Residential Trust, Inc. Announces Quarterly Dividend
Rhea-AI Summary
NexPoint Residential Trust, Inc. (NYSE: NXRT) has approved a dividend of $0.42 per share of NXRT common stock. The dividend will be payable on September 29, 2023, to stockholders of record on September 15, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.16%
Tags
dividends
-
News
NEXPOINT RESIDENTIAL TRUST, INC. REPORTS SECOND QUARTER 2023 RESULTS
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.16%
Tags
earnings
-
News
NexPoint Residential Trust, Inc. Announces Second Quarter 2023 Earnings Conference Call
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.23%
Tags
earnings
News
NexPoint Residential Trust, Inc. to Participate at Nareit's REITWeek: 2023 Investor Conference
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.93%
Tags
conferences
Stock NXRT logo
NexPoint Residential Trust Inc

NYSE:NXRT

NXRT Rankings

#2511 Ranked by Market Cap
#4390 Ranked by Stock Gains
#566 Ranked by Dividends

NXRT Stock Data

878.15M
22.59M
12.63%
79.16%
1.52%
Other Activities Related to Real Estate
Real Estate and Rental and Leasing
Link
United States of America
DALLAS

About NXRT

nexpoint residential trust is a publicly traded reit, with its shares listed on the new york stock exchange under the symbol "nxrt," primarily focused on acquiring, owning and operating well-located middle-income multifamily properties with "value-add" potential in large cities and suburban submarkets of large cities, primarily in the southeastern and southwestern united states. nxrt is externally advised by nexpoint real estate advisors, l.p., an affiliate of nexpoint advisors, l.p., an sec-registered investment advisor, which has extensive real estate experience.