Insider Buying: NexPoint Diversified Real Estate Trust (NYSE:NXDT) Director Purchases 4,400 Shares of Stock

NexPoint Diversified Real Estate Trust (NYSE:NXDT) Director Arthur B. Laffer bought 4,400 shares of the company’s stock in a transaction dated Wednesday, June 4th. The stock was purchased at an average price of $3.83 per share, with a total value of $16,852.00. Following the completion of the transaction, the director now directly owns 59,237 shares in the company, valued at approximately $226,877.71. This represents a 8.02% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

NexPoint Diversified Real Estate Trust Stock Performance

Shares of NYSE:NXDT opened at $3.95 on Monday. The firm has a 50 day moving average of $3.67 and a 200-day moving average of $4.74. NexPoint Diversified Real Estate Trust has a 12 month low of $3.12 and a 12 month high of $7.60.

NexPoint Diversified Real Estate Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 9th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 15.19%. The ex-dividend date is Friday, May 9th.

Hedge Funds Weigh In On NexPoint Diversified Real Estate Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Nexpoint Asset Management L.P. raised its position in shares of NexPoint Diversified Real Estate Trust by 8.8% in the 4th quarter. Nexpoint Asset Management L.P. now owns 4,037,330 shares of the company’s stock valued at $24,628,000 after buying an additional 327,144 shares in the last quarter. Invesco Ltd. raised its position in shares of NexPoint Diversified Real Estate Trust by 14,717.3% in the 4th quarter. Invesco Ltd. now owns 2,009,378 shares of the company’s stock valued at $12,257,000 after buying an additional 1,995,817 shares in the last quarter. Geode Capital Management LLC raised its position in shares of NexPoint Diversified Real Estate Trust by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 885,373 shares of the company’s stock valued at $5,403,000 after buying an additional 5,689 shares in the last quarter. Matisse Capital raised its position in shares of NexPoint Diversified Real Estate Trust by 25.9% in the 1st quarter. Matisse Capital now owns 665,917 shares of the company’s stock valued at $2,550,000 after buying an additional 136,968 shares in the last quarter. Finally, TCW Group Inc. acquired a new position in NexPoint Diversified Real Estate Trust during the 1st quarter worth approximately $1,915,000.

NexPoint Diversified Real Estate Trust Company Profile

NexPoint Diversified Real Estate Trust (NXDT) is an externally advised diversified real estate investment trust (REIT), with its shares of common stock and 5.50% Series A Cumulative Preferred Shares listed on the New York Stock Exchange under the symbols NXDT and NXDT-PA, respectively. As a diversified REIT, NXDT's primary investment objective is to provide both current income and capital appreciation.