Arthur Laffer Purchases 5,101 Shares of NexPoint Diversified Real Estate Trust (NYSE:NXDT) Stock

NexPoint Diversified Real Estate Trust (NYSE:NXDT) Director Arthur Laffer purchased 5,101 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were purchased at an average price of $2.74 per share, for a total transaction of $13,976.74. Following the purchase, the director owned 107,636 shares of the company’s stock, valued at approximately $294,922.64. This trade represents a 4.97% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

NexPoint Diversified Real Estate Trust Trading Down 2.7%

Shares of NYSE:NXDT opened at $2.73 on Friday. The business’s fifty day simple moving average is $3.20 and its 200-day simple moving average is $3.82. NexPoint Diversified Real Estate Trust has a 12-month low of $2.55 and a 12-month high of $7.60.

NexPoint Diversified Real Estate Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, November 21st will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 22.0%.

Analyst Ratings Changes

Separately, Wall Street Zen cut NexPoint Diversified Real Estate Trust from a “hold” rating to a “strong sell” rating in a research report on Saturday, August 16th.

Institutional Trading of NexPoint Diversified Real Estate Trust

Several large investors have recently added to or reduced their stakes in NXDT. UBS Group AG raised its holdings in shares of NexPoint Diversified Real Estate Trust by 1,192.5% during the 3rd quarter. UBS Group AG now owns 303,173 shares of the company’s stock worth $1,119,000 after acquiring an additional 279,717 shares during the period. MADDEN SECURITIES Corp purchased a new stake in NexPoint Diversified Real Estate Trust during the second quarter worth about $883,000. Matisse Capital raised its stake in shares of NexPoint Diversified Real Estate Trust by 23.1% in the second quarter. Matisse Capital now owns 819,900 shares of the company’s stock valued at $3,435,000 after acquiring an additional 153,983 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of NexPoint Diversified Real Estate Trust during the first quarter worth about $553,000. Finally, Nuveen LLC purchased a new stake in shares of NexPoint Diversified Real Estate Trust during the 1st quarter worth $463,000.

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.