NexPoint Diversified Real Estate Trust (NYSE:NXDT) Short Interest Update

NexPoint Diversified Real Estate Trust (NYSE:NXDT) saw a significant growth in short interest in 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.

Insider Activity

In other news, Director Brian Mitts sold 14,449 shares of NexPoint Diversified Real Estate Trust stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $4.18, for a total transaction of $60,396.82. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Institutional Investors Weigh In On NexPoint Diversified Real Estate Trust

Several institutional investors and hedge funds have recently bought and sold shares of NXDT. Nuveen LLC acquired a new position in NexPoint Diversified Real Estate Trust in the first quarter valued at approximately $463,000. Cubist Systematic Strategies LLC acquired a new position in shares of NexPoint Diversified Real Estate Trust during the first quarter valued at $553,000. Concorde Asset Management LLC boosted its holdings in shares of NexPoint Diversified Real Estate Trust by 18.1% during the first quarter. Concorde Asset Management LLC now owns 291,168 shares of the company’s stock valued at $1,208,000 after acquiring an additional 44,586 shares during the period. Jane Street Group LLC bought a new position in shares of NexPoint Diversified Real Estate Trust during the first quarter worth about $421,000. Finally, Strs Ohio acquired a new stake in shares of NexPoint Diversified Real Estate Trust in the 1st quarter worth about $26,000.

NexPoint Diversified Real Estate Trust Price Performance

Shares of NXDT traded down $0.09 during mid-day trading on Tuesday, hitting $3.70. The stock had a trading volume of 245,879 shares, compared to its average volume of 243,894. NexPoint Diversified Real Estate Trust has a fifty-two week low of $2.55 and a fifty-two week high of $6.21. The company’s fifty day simple moving average is $3.21 and its two-hundred day simple moving average is $3.80.

NexPoint Diversified Real Estate Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, November 21st will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 16.2%. 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.