NexPoint Diversified Real Estate Trust (NYSE:NXDT) Director Arthur Laffer Purchases 5,101 Shares

NexPoint Diversified Real Estate Trust (NYSE:NXDT) Director Arthur Laffer acquired 5,101 shares of NexPoint Diversified Real Estate Trust stock in a transaction dated Monday, December 1st. The shares were purchased at an average price of $2.74 per share, for a total transaction of $13,976.74. Following the completion of the transaction, the director directly owned 107,636 shares in the company, valued at approximately $294,922.64. The trade was a 4.97% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

NexPoint Diversified Real Estate Trust Stock Performance

NYSE:NXDT traded up $0.14 during mid-day trading on Wednesday, reaching $2.80. The stock had a trading volume of 399,077 shares, compared to its average volume of 221,609. The firm has a 50 day moving average price of $3.23 and a two-hundred day moving average price of $3.83. NexPoint Diversified Real Estate Trust has a one year low of $2.55 and a one year high of $7.60.

NexPoint Diversified Real Estate Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, November 21st will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 21.4%.

Institutional Investors Weigh In On NexPoint Diversified Real Estate Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Verition Fund Management LLC purchased a new stake in NexPoint Diversified Real Estate Trust during the 3rd quarter valued at $42,000. UBS Group AG raised its stake in shares of NexPoint Diversified Real Estate Trust by 1,192.5% during the third quarter. UBS Group AG now owns 303,173 shares of the company’s stock valued at $1,119,000 after acquiring an additional 279,717 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of NexPoint Diversified Real Estate Trust by 105.4% during the third quarter. BNP Paribas Financial Markets now owns 7,202 shares of the company’s stock worth $27,000 after purchasing an additional 3,695 shares during the period. Franklin Resources Inc. bought a new stake in shares of NexPoint Diversified Real Estate Trust in the third quarter worth about $42,000. Finally, JPMorgan Chase & Co. grew its stake in shares of NexPoint Diversified Real Estate Trust by 13.9% in the third quarter. JPMorgan Chase & Co. now owns 52,289 shares of the company’s stock worth $193,000 after purchasing an additional 6,401 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 research note on Saturday, August 16th.

About NexPoint Diversified Real Estate Trust

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.