Concorde Asset Management LLC Buys 3,719 Shares of NexPoint Diversified Real Estate Trust (NYSE:NXDT)

Concorde Asset Management LLC raised its stake in shares of NexPoint Diversified Real Estate Trust (NYSE:NXDT) by 1.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 246,582 shares of the company’s stock after acquiring an additional 3,719 shares during the period. NexPoint Diversified Real Estate Trust accounts for about 0.8% of Concorde Asset Management LLC’s portfolio, making the stock its 28th biggest position. Concorde Asset Management LLC’s holdings in NexPoint Diversified Real Estate Trust were worth $1,504,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of NXDT. Invesco Ltd. grew its holdings in shares of NexPoint Diversified Real Estate Trust by 14,717.3% in the fourth quarter. Invesco Ltd. now owns 2,009,378 shares of the company’s stock valued at $12,257,000 after acquiring an additional 1,995,817 shares in the last quarter. Raymond James Financial Inc. purchased a new position in NexPoint Diversified Real Estate Trust in the fourth quarter worth $460,000. JPMorgan Chase & Co. boosted its position in NexPoint Diversified Real Estate Trust by 89.2% in the fourth quarter. JPMorgan Chase & Co. now owns 126,495 shares of the company’s stock worth $772,000 after purchasing an additional 59,625 shares during the last quarter. Peapod Lane Capital LLC bought a new position in NexPoint Diversified Real Estate Trust in the 4th quarter valued at $332,000. Finally, State Street Corp increased its position in shares of NexPoint Diversified Real Estate Trust by 8.2% during the 3rd quarter. State Street Corp now owns 658,882 shares of the company’s stock valued at $4,118,000 after purchasing an additional 49,772 shares during the last quarter.

Insider Buying and Selling at NexPoint Diversified Real Estate Trust

In other news, Director Arthur B. Laffer bought 26,900 shares of the firm’s stock in a transaction on Monday, April 7th. The stock was acquired at an average cost of $3.24 per share, with a total value of $87,156.00. Following the completion of the transaction, the director now directly owns 54,837 shares of the company’s stock, valued at $177,671.88. This represents a 96.29 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Paul Richards purchased 58,500 shares of the company’s stock in a transaction dated Thursday, April 3rd. The shares were purchased at an average cost of $3.77 per share, for a total transaction of $220,545.00. Following the transaction, the insider now directly owns 91,830 shares in the company, valued at approximately $346,199.10. The trade was a 175.52 % increase in their ownership of the stock. The disclosure for this purchase can be found here.

NexPoint Diversified Real Estate Trust Trading Down 10.6 %

NYSE NXDT opened at $3.71 on Friday. The business’s fifty day moving average is $4.50 and its 200-day moving average is $5.36. NexPoint Diversified Real Estate Trust has a one year low of $3.12 and a one year high of $7.60.

NexPoint Diversified Real Estate Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 16.17%. The ex-dividend date of this dividend was Friday, February 28th.

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.