NexPoint Diversified Real Estate Trust (NYSE:NXDT) Insider Purchases $13,900.00 in Stock

NexPoint Diversified Real Estate Trust (NYSE:NXDT) insider Paul Richards bought 5,000 shares of the business’s stock in a transaction dated Wednesday, November 19th. The stock was acquired at an average cost of $2.78 per share, for a total transaction of $13,900.00. Following the purchase, the insider owned 119,820 shares in the company, valued at approximately $333,099.60. This trade represents a 4.35% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

NexPoint Diversified Real Estate Trust Stock Down 3.1%

NexPoint Diversified Real Estate Trust stock traded down $0.09 during trading on Thursday, reaching $2.70. 293,672 shares of the company’s stock were exchanged, compared to its average volume of 209,573. NexPoint Diversified Real Estate Trust has a 52-week low of $2.65 and a 52-week high of $7.60. The company’s 50-day moving average is $3.46 and its two-hundred day moving average is $3.88.

NexPoint Diversified Real Estate Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, November 21st will be paid a $0.15 dividend. The ex-dividend date is Friday, November 21st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 22.3%.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On NexPoint Diversified Real Estate Trust

Hedge funds have recently bought and sold shares of the business. Avantax Advisory Services Inc. bought a new position in NexPoint Diversified Real Estate Trust during the 1st quarter valued at $44,000. XTX Topco Ltd bought a new stake in shares of NexPoint Diversified Real Estate Trust in the 1st quarter worth about $134,000. Concorde Asset Management LLC raised its stake in shares of NexPoint Diversified Real Estate Trust by 18.1% in the 1st quarter. Concorde Asset Management LLC now owns 291,168 shares of the company’s stock valued at $1,208,000 after purchasing an additional 44,586 shares in the last quarter. MADDEN SECURITIES Corp bought a new position in shares of NexPoint Diversified Real Estate Trust during the second quarter worth about $883,000. Finally, Nuveen LLC acquired a new position in NexPoint Diversified Real Estate Trust in the first quarter worth about $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.