The price of NXRT is predicted to go up -3.04%, based on the high correlation periods with WING. The similarity of these two price pattern on the periods is 96.32%.
NXRT
WING
Down: -3.04%Similarity: 96.32%
NXRT Revenue Forecast
NXRT EPS Forecast
NXRT FAQs
What is bull’s view on NXRT?
NXRT stock is currently trading at $39.79, with a 52-week high of $48.37 and a low of $28.20. Bullish investors may target $46.50, reflecting a 20.16% upside based on analyst expectations, supported by its potential for a 5% annual dividend yield. The stock's recent dip below its 200-day moving average could present a buying opportunity for long-term growth.
What is bear's view on NXRT?
NXRT stock is currently trading at $39.79, below its 200-day moving average, signaling potential bearish momentum. The stock has a downside risk toward its 52-week low of $28.20, especially if broader REIT market pressures persist. Additionally, unpredictable dividend payouts and fluctuating profitability further weaken investor confidence.
What is NXRT revenue forecast for next quarter?
The market consensus for NXRT's revenue in the upcoming quarter is projected to be approximately $64.435M USD.
Raymond James analyst Buck Horne upgraded NexPoint Residential to Outperform from Market Perform with a $50 price target. The firm cites "resurgent" institutional demand for well-maintained workforce-housing assets in 2024 for the upgrade. A resilient economy has led to stronger than expected household formation and multifamily demand this year, helping partially offset the surge in new supply growth, the analyst tells investors in a research note.