Sovereign Financial Group Inc. Has $96,000 Position in NexPoint Diversified Real Estate Trust $NXDT

Sovereign Financial Group Inc. lowered its position in NexPoint Diversified Real Estate Trust (NYSE:NXDT) by 28.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,912 shares of the company’s stock after selling 9,283 shares during the quarter. Sovereign Financial Group Inc.’s holdings in NexPoint Diversified Real Estate Trust were worth $96,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in NXDT. Strs Ohio acquired a new position in shares of NexPoint Diversified Real Estate Trust in the first quarter valued at approximately $26,000. Avantax Advisory Services Inc. bought a new stake in NexPoint Diversified Real Estate Trust in the first quarter valued at approximately $44,000. Wealthedge Investment Advisors LLC bought a new stake in NexPoint Diversified Real Estate Trust in the first quarter valued at approximately $88,000. XTX Topco Ltd bought a new stake in NexPoint Diversified Real Estate Trust in the first quarter valued at approximately $134,000. Finally, Bank of America Corp DE boosted its holdings in NexPoint Diversified Real Estate Trust by 40.8% in the fourth quarter. Bank of America Corp DE now owns 35,597 shares of the company’s stock valued at $217,000 after acquiring an additional 10,324 shares during the last quarter.

Analyst Upgrades and Downgrades

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

NexPoint Diversified Real Estate Trust Stock Performance

NexPoint Diversified Real Estate Trust stock opened at $3.38 on Monday. NexPoint Diversified Real Estate Trust has a 52-week low of $3.12 and a 52-week high of $7.60. The stock’s 50 day moving average price is $3.93 and its two-hundred day moving average price is $3.98.

NexPoint Diversified Real Estate Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, August 14th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 17.8%. The ex-dividend date was Thursday, August 14th.

NexPoint Diversified Real Estate Trust 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.