Renaissance Technologies LLC Takes $730,000 Position in NexPoint Diversified Real Estate Trust (NYSE:NXDT)

Renaissance Technologies LLC purchased a new position in NexPoint Diversified Real Estate Trust (NYSE:NXDT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 132,063 shares of the company’s stock, valued at approximately $730,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NXDT. Vanguard Group Inc. boosted its holdings in shares of NexPoint Diversified Real Estate Trust by 4.5% during the first quarter. Vanguard Group Inc. now owns 3,419,983 shares of the company’s stock valued at $22,572,000 after acquiring an additional 146,102 shares during the period. Bulldog Investors LLP raised its stake in NexPoint Diversified Real Estate Trust by 2.3% during the 4th quarter. Bulldog Investors LLP now owns 177,868 shares of the company’s stock valued at $1,414,000 after acquiring an additional 3,969 shares in the last quarter. BOKF NA boosted its position in NexPoint Diversified Real Estate Trust by 1.3% during the 1st quarter. BOKF NA now owns 357,325 shares of the company’s stock worth $2,212,000 after acquiring an additional 4,739 shares during the period. First Foundation Advisors grew its stake in shares of NexPoint Diversified Real Estate Trust by 20.6% in the second quarter. First Foundation Advisors now owns 50,336 shares of the company’s stock worth $278,000 after purchasing an additional 8,614 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of NexPoint Diversified Real Estate Trust by 79.2% during the first quarter. BNP Paribas Financial Markets now owns 16,067 shares of the company’s stock valued at $106,000 after purchasing an additional 7,101 shares during the period.

NexPoint Diversified Real Estate Trust Stock Performance

Shares of NYSE NXDT opened at 5.91 on Wednesday. The firm’s 50-day simple moving average is 5.90 and its 200 day simple moving average is 5.84. NexPoint Diversified Real Estate Trust has a fifty-two week low of 4.67 and a fifty-two week high of 9.23.

NexPoint Diversified Real Estate Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, August 15th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 10.15%.

NexPoint Diversified Real Estate Trust Company 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.