NexPoint Diversified Real Estate Trust (NYSE:NXDT) Insider Acquires 123,689.00 in Stock

NexPoint Diversified Real Estate Trust (NYSE:NXDT) insider James D. Dondero bought 8,950 shares of the company’s stock in a transaction on Wednesday, January 19th. The stock was bought at an average price of 13.82 per share, for a total transaction of 123,689.00. Following the completion of the purchase, the insider now directly owns 5,834 shares in the company, valued at approximately 80,625.88. This represents a -200.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

NexPoint Diversified Real Estate Trust Stock Up 0.3 %

Shares of NYSE NXDT traded up 0.02 during trading hours on Wednesday, reaching 5.93. The stock had a trading volume of 35,000 shares, compared to its average volume of 135,347. NexPoint Diversified Real Estate Trust has a 52-week low of 4.67 and a 52-week high of 9.23. The business’s fifty day moving average price is 5.90 and its two-hundred day moving average price is 5.84.

NexPoint Diversified Real Estate Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, August 15th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 10.12%. The ex-dividend date was Thursday, August 15th.

Institutional Trading of NexPoint Diversified Real Estate Trust

Several hedge funds have recently added to or reduced their stakes in NXDT. Sovereign Financial Group Inc. purchased a new stake in shares of NexPoint Diversified Real Estate Trust in the 3rd quarter valued at approximately $131,000. SG Americas Securities LLC acquired a new position in NexPoint Diversified Real Estate Trust in the third quarter valued at approximately $71,000. The Manufacturers Life Insurance Company raised its holdings in NexPoint Diversified Real Estate Trust by 24.2% during the second quarter. The Manufacturers Life Insurance Company now owns 16,733 shares of the company’s stock worth $93,000 after purchasing an additional 3,258 shares in the last quarter. AQR Capital Management LLC purchased a new stake in shares of NexPoint Diversified Real Estate Trust during the 2nd quarter worth approximately $129,000. Finally, Concorde Asset Management LLC boosted its holdings in shares of NexPoint Diversified Real Estate Trust by 70.1% in the 2nd quarter. Concorde Asset Management LLC now owns 133,713 shares of the company’s stock valued at $739,000 after buying an additional 55,091 shares in the last quarter.

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.