Matisse Capital Increases Position in NexPoint Diversified Real Estate Trust $NXDT

Matisse Capital increased its position in NexPoint Diversified Real Estate Trust (NYSE:NXDT) by 23.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 819,900 shares of the company’s stock after purchasing an additional 153,983 shares during the quarter. NexPoint Diversified Real Estate Trust makes up about 1.6% of Matisse Capital’s portfolio, making the stock its 9th biggest position. Matisse Capital’s holdings in NexPoint Diversified Real Estate Trust were worth $3,435,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. MADDEN SECURITIES Corp bought a new stake in NexPoint Diversified Real Estate Trust during the 2nd quarter valued at $883,000. Strs Ohio bought a new stake in NexPoint Diversified Real Estate Trust during the 1st quarter valued at $26,000. Jane Street Group LLC bought a new stake in NexPoint Diversified Real Estate Trust during the 1st quarter valued at $421,000. Concorde Asset Management LLC boosted its position in NexPoint Diversified Real Estate Trust by 18.1% during the 1st 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 in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in NexPoint Diversified Real Estate Trust during the 1st quarter valued at $553,000.

Wall Street Analysts Forecast Growth

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.

NexPoint Diversified Real Estate Trust Stock Performance

Shares of NXDT stock opened at $3.44 on Wednesday. The business has a fifty day moving average of $3.99 and a 200 day moving average of $3.99. NexPoint Diversified Real Estate Trust has a 1 year low of $3.12 and a 1 year high of $7.60.

NexPoint Diversified Real Estate Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, August 14th were paid a $0.15 dividend. The ex-dividend date was Thursday, August 14th. This represents a $0.60 dividend on an annualized basis and a yield of 17.5%.

NexPoint Diversified Real Estate Trust 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.