Short Interest in NexPoint Diversified Real Estate Trust (NYSE:NXDT) Rises By 46.0%

NexPoint Diversified Real Estate Trust (NYSE:NXDT) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 1,273,934 shares, a growth of 46.0% from the November 30th total of 872,272 shares. Based on an average trading volume of 487,972 shares, the short-interest ratio is currently 2.6 days. Based on an average trading volume of 487,972 shares, the short-interest ratio is currently 2.6 days.

Insiders Place Their Bets

In other NexPoint Diversified Real Estate Trust news, Director Brian Mitts sold 14,449 shares of the business’s stock in a transaction 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 filing with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Trading of NexPoint Diversified Real Estate Trust

Institutional investors have recently added to or reduced their stakes in the stock. Strs Ohio bought a new stake in shares of NexPoint Diversified Real Estate Trust in the 1st quarter valued at approximately $26,000. BNP Paribas Financial Markets lifted its stake in 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 last quarter. Verition Fund Management LLC acquired a new position in NexPoint Diversified Real Estate Trust in the third quarter worth $42,000. Franklin Resources Inc. acquired a new position in NexPoint Diversified Real Estate Trust in the third quarter worth $42,000. Finally, Sei Investments Co. bought a new stake in NexPoint Diversified Real Estate Trust during the second quarter valued at $78,000.

NexPoint Diversified Real Estate Trust Stock Performance

NYSE NXDT traded down $0.12 during trading hours on Monday, hitting $3.77. 245,021 shares of the company’s stock were exchanged, compared to its average volume of 243,570. The business’s 50 day moving average is $3.21 and its 200-day moving average is $3.80. NexPoint Diversified Real Estate Trust has a 12-month low of $2.55 and a 12-month high of $6.27.

NexPoint Diversified Real Estate Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, November 21st will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 15.9%. The ex-dividend date is Friday, November 21st.

NexPoint Diversified Real Estate Trust Company Profile

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.