Oppenheimer & Co. Inc. Purchases 33,480 Shares of NexPoint Diversified Real Estate Trust (NYSE:NXDT)

Oppenheimer & Co. Inc. lifted its position in shares of NexPoint Diversified Real Estate Trust (NYSE:NXDT) by 15.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 255,812 shares of the company’s stock after purchasing an additional 33,480 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in NexPoint Diversified Real Estate Trust were worth $1,599,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in NexPoint Diversified Real Estate Trust during the 3rd quarter worth approximately $71,000. BNP Paribas Financial Markets boosted its holdings in shares of NexPoint Diversified Real Estate Trust by 79.2% in the first quarter. BNP Paribas Financial Markets now owns 16,067 shares of the company’s stock valued at $106,000 after buying an additional 7,101 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of NexPoint Diversified Real Estate Trust by 24.2% during the second quarter. The Manufacturers Life Insurance Company now owns 16,733 shares of the company’s stock worth $93,000 after acquiring an additional 3,258 shares in the last quarter. Leonard Rickey Investment Advisors P.L.L.C. bought a new stake in shares of NexPoint Diversified Real Estate Trust during the second quarter worth $105,000. Finally, Sovereign Financial Group Inc. acquired a new stake in shares of NexPoint Diversified Real Estate Trust during the third quarter worth $131,000.

NexPoint Diversified Real Estate Trust Stock Down 4.5 %

Shares of NYSE NXDT opened at 5.48 on Monday. The company has a fifty day moving average price of 5.91 and a 200 day moving average price of 5.74. NexPoint Diversified Real Estate Trust has a 1-year low of 4.67 and a 1-year high of 9.23.

NexPoint Diversified Real Estate Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 15th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, November 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 10.95%.

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.