Truist lowered the firm’s price target on NexPoint Residential to $35 from $37 and keeps a Hold rating on the shares as part of a broader research note on Apartment REITs. The firm is updating its model to reflect the current interest rates, cap rates, and rent spread trends heading into the Q1 reporting season, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NXRT:
- NexPoint Residential files automatic mixed securities shelf
- NexPoint downgraded to Underperform from Market Perform at Raymond James
- Bad News for NexPoint Residential Stock: This New Risk Has Been Added
- NexPoint Residential price target lowered to $45 from $55 at Compass Point
- NexPoint Residential Trust, Inc. Announces Quarterly Dividend
Questions or Comments about the article? Write to editor@tipranks.com