NexPoint Diversified Real Estate Trust (NYSE:NXDT) Announces Quarterly Earnings Results

NexPoint Diversified Real Estate Trust (NYSE:NXDT) announced its quarterly earnings data on Friday. The company reported ($1.05) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $18.16 million during the quarter.

NexPoint Diversified Real Estate Trust Price Performance

Shares of NXDT traded down $0.10 during trading hours on Friday, reaching $2.96. The company’s stock had a trading volume of 156,986 shares, compared to its average volume of 201,778. NexPoint Diversified Real Estate Trust has a 1-year low of $2.55 and a 1-year high of $5.95. The company has a 50 day moving average of $4.78 and a two-hundred day moving average of $4.90.

NexPoint Diversified Real Estate Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be issued a $0.03 dividend. The ex-dividend date is Tuesday, December 15th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 4.0%.

Institutional Trading of NexPoint Diversified Real Estate Trust

Several hedge funds and other institutional investors have recently modified their holdings of NXDT. Bank of New York Mellon Corp acquired a new stake in NexPoint Diversified Real Estate Trust in the second quarter valued at approximately $660,000. GatePass Capital LLC grew its position in NexPoint Diversified Real Estate Trust by 76.8% in the third quarter. GatePass Capital LLC now owns 243,140 shares of the company’s stock worth $1,267,000 after acquiring an additional 105,632 shares in the last quarter. StoneX Group Inc. bought a new stake in NexPoint Diversified Real Estate Trust in the third quarter worth approximately $71,000. Covestor Ltd increased its stake in shares of NexPoint Diversified Real Estate Trust by 2,257.5% during the 3rd quarter. Covestor Ltd now owns 4,880 shares of the company’s stock worth $25,000 after purchasing an additional 4,673 shares during the last quarter. Finally, SMH Capital Advisors Inc. acquired a new position in shares of NexPoint Diversified Real Estate Trust during the 3rd quarter worth $312,000.

NexPoint Diversified Real Estate Trust Company Profile

NexPoint Diversified Real Estate Trust is a publicly traded real estate investment trust that invests in a range of property types and real estate-related assets. Its strategy includes direct and indirect investments in real estate, as well as investments in real estate companies and securities. The trust’s portfolio has included assets and investments in sectors such as multifamily housing, self-storage and life sciences. Its real estate activities are focused in the United States, and its investment approach is designed to provide exposure to multiple areas of the property market.