NexPoint Diversified Real Estate Trust (NYSE:NXDT) Director Sells $60,396.82 in Stock

NexPoint Diversified Real Estate Trust (NYSE:NXDT) Director Brian Mitts sold 14,449 shares of the stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $4.18, for a total value of $60,396.82. The sale was disclosed in a legal filing with the SEC, which is available at this link.

NexPoint Diversified Real Estate Trust Stock Up 3.4%

NXDT traded up $0.13 during trading on Monday, hitting $3.89. The company’s stock had a trading volume of 861,260 shares, compared to its average volume of 244,786. NexPoint Diversified Real Estate Trust has a twelve month low of $2.55 and a twelve month high of $7.20. The business’s fifty day simple moving average is $3.17 and its 200 day simple moving average is $3.80.

NexPoint Diversified Real Estate Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, November 21st will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 15.4%. The ex-dividend date of this dividend is Friday, November 21st.

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 NXDT. Strs Ohio purchased a new position in NexPoint Diversified Real Estate Trust in the 1st quarter valued at $26,000. BNP Paribas Financial Markets lifted its holdings in NexPoint Diversified Real Estate Trust by 105.4% in the third quarter. BNP Paribas Financial Markets now owns 7,202 shares of the company’s stock valued at $27,000 after acquiring an additional 3,695 shares during the last quarter. Verition Fund Management LLC acquired a new stake in NexPoint Diversified Real Estate Trust during the third quarter worth $42,000. Franklin Resources Inc. acquired a new stake in shares of NexPoint Diversified Real Estate Trust during the 3rd quarter worth about $42,000. Finally, Sei Investments Co. acquired a new position in NexPoint Diversified Real Estate Trust in the second quarter valued at about $78,000.

About NexPoint Diversified Real Estate Trust

NexPoint Diversified Real Estate Trust (NYSE: NXDT) is a real estate investment trust focused on building a diversified portfolio of commercial properties across the United States. Since commencing operations through its initial public offering in mid-2021, the company has pursued an opportunistic strategy, targeting value-add and well-located assets in key growth markets. Its investment mandate spans multiple property types, including multifamily residential, office, industrial, retail and hospitality, with an emphasis on generating sustainable income and potential for capital appreciation.

The trust is externally managed by NexPoint Advisors, L.P., a real estate investment firm with a track record of sourcing, underwriting and asset-managing commercial properties.