Insider Buying: NexPoint Diversified Real Estate Trust (NYSE:NXDT) Insider Purchases 100,000 Shares of Stock

NexPoint Diversified Real Estate Trust (NYSE:NXDT) insider James D. Dondero acquired 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 8th. The shares were acquired at an average cost of $4.08 per share, for a total transaction of $408,000.00. Following the purchase, the insider now directly owns 383,477 shares in the company, valued at $1,564,586.16. This trade represents a 35.28 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

NexPoint Diversified Real Estate Trust Stock Performance

Shares of NexPoint Diversified Real Estate Trust stock opened at $3.75 on Wednesday. NexPoint Diversified Real Estate Trust has a 1 year low of $3.12 and a 1 year high of $7.60. The business has a 50-day moving average of $4.39 and a two-hundred day moving average of $5.31.

NexPoint Diversified Real Estate Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, February 28th. This represents a $0.60 annualized dividend and a yield of 16.00%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NXDT. Two Sigma Investments LP bought a new stake in NexPoint Diversified Real Estate Trust in the 4th quarter valued at $208,000. Quantinno Capital Management LP raised its stake in shares of NexPoint Diversified Real Estate Trust by 8.2% in the 4th quarter. Quantinno Capital Management LP now owns 30,046 shares of the company’s stock valued at $183,000 after purchasing an additional 2,278 shares during the period. Nuveen Asset Management LLC lifted its holdings in shares of NexPoint Diversified Real Estate Trust by 1.7% in the fourth quarter. Nuveen Asset Management LLC now owns 151,649 shares of the company’s stock valued at $925,000 after purchasing an additional 2,511 shares in the last quarter. Deutsche Bank AG boosted its position in shares of NexPoint Diversified Real Estate Trust by 276.5% during the fourth quarter. Deutsche Bank AG now owns 50,664 shares of the company’s stock worth $309,000 after buying an additional 37,208 shares during the period. Finally, Cetera Investment Advisers grew its holdings in shares of NexPoint Diversified Real Estate Trust by 9.6% during the fourth quarter. Cetera Investment Advisers now owns 26,467 shares of the company’s stock worth $161,000 after buying an additional 2,316 shares in the last quarter.

About NexPoint Diversified Real Estate Trust

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.