NXRT Stock Summary and Trading Ideas (Nexpoint Residential Trust | NYSE:NXRT)

NexPoint Residential Trust Inc is a real estate investment trust company. Its objectives are to maximize the cash flow and value of properties owned, acquire properties with cash flow growth potential, provide quarterly cash distributions, and achieve long-term capital appreciation for stockholders. The company seeks to achieve these objectives through targeted management and a capex value-add program. It focuses on acquiring multifamily properties in markets with attractive job growth and household formation fundamentals predominantly in the Southeastern and Southwestern United States. The company generates revenue from the rental of multifamily properties.

Nexpoint Residential Trust trades on the NYSE stock market under the symbol NXRT.

As of April 18, 2024, NXRT stock price climbed to $31.33 with 166,762 million shares trading.

NXRT has a beta of 1.52, meaning it tends to be more sensitive to market movements. NXRT has a correlation of 0.27 to the broad based SPY ETF.

NXRT has a market cap of $807.52 million. This is considered a Small Cap stock.

In the last 3 years, NXRT stock traded as high as $95.04 and as low as $26.21.

The top ETF exchange traded funds that NXRT belongs to (by Net Assets): IJR, VNQ, VTI, IWM, VXF.

NXRT has underperformed the market in the last year with a return of -23.7%, while the SPY ETF gained +22.2%. In the last 3 month period, NXRT fell short of the market, returning +2.3%, while SPY returned +5.2%. However, in the most recent 2 weeks NXRT has outperformed the stock market by returning +1.2%, while SPY returned -2.6%.

NXRT support price is $30.12 and resistance is $31.44 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NXRT stock will trade within this expected range on the day.