NexPoint Residential price target raised to $42 from $41 at Truist

Truist raised the firm’s price target on NexPoint Residential (NXRT) to $42 from $41 and keeps a Hold rating on the shares as part of a broader research note on REITs. The firm is updating its models to reflect all information received since Q4 results in the sector, including any disclosed January/February portfolio results, along with its updated market rent growth forecasts and the latest overnight financing rate and 10-year Treasury yield curves, the analyst tells investors in a research note.