Camelot Portfolios LLC Reduces Position in NexPoint Diversified Real Estate Trust $NXDT

Camelot Portfolios LLC cut its position in NexPoint Diversified Real Estate Trust (NYSE:NXDT) by 1.4% during the second quarter, HoldingsChannel reports. The firm owned 367,739 shares of the company’s stock after selling 5,106 shares during the quarter. NexPoint Diversified Real Estate Trust accounts for 0.9% of Camelot Portfolios LLC’s holdings, making the stock its 28th biggest position. Camelot Portfolios LLC’s holdings in NexPoint Diversified Real Estate Trust were worth $1,541,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Strs Ohio purchased a new stake in shares of NexPoint Diversified Real Estate Trust in the 1st quarter valued at approximately $26,000. Avantax Advisory Services Inc. purchased a new position in shares of NexPoint Diversified Real Estate Trust in the 1st quarter valued at $44,000. Wealthedge Investment Advisors LLC purchased a new position in shares of NexPoint Diversified Real Estate Trust in the 1st quarter valued at $88,000. Cetera Investment Advisers grew its position in shares of NexPoint Diversified Real Estate Trust by 9.6% in the 4th quarter. Cetera Investment Advisers now owns 26,467 shares of the company’s stock valued at $161,000 after buying an additional 2,316 shares during the last quarter. Finally, Two Sigma Investments LP purchased a new position in shares of NexPoint Diversified Real Estate Trust in the 4th quarter valued at $208,000.

NexPoint Diversified Real Estate Trust Stock Performance

NXDT stock opened at $4.01 on Friday. NexPoint Diversified Real Estate Trust has a one year low of $3.12 and a one year high of $7.60. The company has a fifty day moving average of $4.16 and a 200-day moving average of $4.01.

NexPoint Diversified Real Estate Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Thursday, August 14th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 15.0%. The ex-dividend date is Thursday, August 14th.

Insider Activity

In other NexPoint Diversified Real Estate Trust news, Director Arthur B. Laffer bought 5,250 shares of the business’s stock in a transaction on Wednesday, July 9th. The stock was bought at an average price of $4.80 per share, for a total transaction of $25,200.00. Following the completion of the transaction, the director owned 97,237 shares in the company, valued at approximately $466,737.60. The trade was a 5.71% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders have bought 15,500 shares of company stock valued at $72,858.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of NexPoint Diversified Real Estate Trust from a “hold” rating to a “strong sell” rating in a research note on Saturday, August 16th.

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.