NexPoint Diversified Real Estate Trust (NYSE:NXDT) Insider Buys $14,074.76 in Stock

NexPoint Diversified Real Estate Trust (NYSE:NXDT) insider Paul Richards purchased 4,214 shares of the business’s stock in a transaction dated Friday, May 23rd. The shares were bought at an average price of $3.34 per share, with a total value of $14,074.76. Following the purchase, the insider now directly owns 106,773 shares of the company’s stock, valued at approximately $356,621.82. The trade was a 4.11% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Paul Richards also recently made the following trade(s):

• On Thursday, April 3rd, Paul Richards acquired 58,500 shares of NexPoint Diversified Real Estate Trust stock. The stock was purchased at an average price of $3.77 per share, for a total transaction of $220,545.00.

NexPoint Diversified Real Estate Trust Stock Up 9.4%

NexPoint Diversified Real Estate Trust stock traded up $0.32 during trading hours on Tuesday, reaching $3.72. 321,072 shares of the stock were exchanged, compared to its average volume of 237,671. NexPoint Diversified Real Estate Trust has a 52-week low of $3.12 and a 52-week high of $7.60. The firm’s 50 day moving average is $3.69 and its 200 day moving average is $4.84.

NexPoint Diversified Real Estate Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 9th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.60 annualized dividend and a yield of 16.13%.

Institutional Investors Weigh In On NexPoint Diversified Real Estate Trust

Hedge funds have recently added to or reduced their stakes in the company. Nexpoint Asset Management L.P. boosted its holdings in NexPoint Diversified Real Estate Trust by 8.8% in the 4th quarter. Nexpoint Asset Management L.P. now owns 4,037,330 shares of the company’s stock valued at $24,628,000 after purchasing an additional 327,144 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of NexPoint Diversified Real Estate Trust by 14,717.3% in the 4th quarter. Invesco Ltd. now owns 2,009,378 shares of the company’s stock valued at $12,257,000 after buying an additional 1,995,817 shares during the period. Geode Capital Management LLC boosted its stake in shares of NexPoint Diversified Real Estate Trust by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 885,373 shares of the company’s stock valued at $5,403,000 after buying an additional 5,689 shares in the last quarter. Matisse Capital grew its holdings in NexPoint Diversified Real Estate Trust by 25.9% during the first quarter. Matisse Capital now owns 665,917 shares of the company’s stock worth $2,550,000 after acquiring an additional 136,968 shares during the period. Finally, TCW Group Inc. purchased a new position in NexPoint Diversified Real Estate Trust in the first quarter worth $1,915,000.

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.