Paul Richards Purchases 58,500 Shares of NexPoint Diversified Real Estate Trust (NYSE:NXDT) Stock

NexPoint Diversified Real Estate Trust (NYSE:NXDT) insider Paul Richards acquired 58,500 shares of the stock in a transaction that occurred on Thursday, April 3rd. The stock was purchased at an average price of $3.77 per share, for a total transaction of $220,545.00. Following the completion of the purchase, the insider now directly owns 91,830 shares in the company, valued at $346,199.10. This trade represents a 175.52 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

NexPoint Diversified Real Estate Trust Price Performance

Shares of NXDT traded up $0.16 during trading hours on Monday, hitting $3.61. The company’s stock had a trading volume of 899,816 shares, compared to its average volume of 265,586. The business has a 50 day simple moving average of $4.68 and a two-hundred day simple moving average of $5.45. NexPoint Diversified Real Estate Trust has a 52-week low of $3.12 and a 52-week high of $7.60.

NexPoint Diversified Real Estate Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.60 dividend on an annualized basis and a yield of 16.62%.

Hedge Funds Weigh In On NexPoint Diversified Real Estate Trust

A number of large investors have recently made changes to their positions in the stock. Jump Financial LLC purchased a new stake in NexPoint Diversified Real Estate Trust during the 4th quarter worth about $61,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of NexPoint Diversified Real Estate Trust during the fourth quarter valued at about $71,000. Virtu Financial LLC purchased a new stake in shares of NexPoint Diversified Real Estate Trust in the third quarter worth about $85,000. Price T Rowe Associates Inc. MD boosted its position in shares of NexPoint Diversified Real Estate Trust by 23.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,916 shares of the company’s stock valued at $85,000 after acquiring an additional 2,641 shares during the period. Finally, Resona Asset Management Co. Ltd. purchased a new position in NexPoint Diversified Real Estate Trust during the fourth quarter valued at approximately $90,000.

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.