NexPoint Residential downgraded to Market Perform from Outperform at Raymond James

Raymond James downgraded NexPoint Residential (NXRT) to Market Perform from Outperform without a price target A resilient economy has led to stronger than expected household formation and multifamily demand this year, partially offsetting elevated levels of new supply lingering into 2025, though the firm’s real-time tracking of CoStar multifamily rental rate data is beginning to show a modest deceleration in rent growth taking place in April, the analyst tells investors in a research note. NexPoint’s more levered balance sheet could present as a headwind with most of its interest rate swaps set to expire in the fall of 2026, the firm argues.