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

NexPoint Diversified Real Estate Trust (NYSE:NXDT) insider Paul Richards purchased 5,000 shares of the firm’s stock in a transaction on Wednesday, November 19th. The shares were purchased at an average cost of $2.78 per share, for a total transaction of $13,900.00. Following the completion of the purchase, the insider directly owned 119,820 shares in the company, valued at $333,099.60. The trade was a 4.35% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

NexPoint Diversified Real Estate Trust Stock Performance

Shares of NYSE:NXDT traded down $0.09 during trading on Thursday, reaching $2.70. The stock had a trading volume of 293,672 shares, compared to its average volume of 209,573. The business has a fifty day moving average price of $3.46 and a 200-day moving average price of $3.88. NexPoint Diversified Real Estate Trust has a fifty-two week low of $2.65 and a fifty-two week high of $7.60.

NexPoint Diversified Real Estate Trust Dividend Announcement

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

Analyst Ratings Changes

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

Hedge Funds Weigh In On NexPoint Diversified Real Estate Trust

Hedge funds have recently made changes to their positions in the stock. Strs Ohio acquired a new stake in shares of NexPoint Diversified Real Estate Trust during the 1st quarter worth $26,000. BNP Paribas Financial Markets grew its position in NexPoint Diversified Real Estate Trust by 105.4% during the third quarter. BNP Paribas Financial Markets now owns 7,202 shares of the company’s stock valued at $27,000 after acquiring an additional 3,695 shares during the period. Avantax Advisory Services Inc. acquired a new stake in NexPoint Diversified Real Estate Trust during the first quarter worth about $44,000. Verition Fund Management LLC acquired a new stake in NexPoint Diversified Real Estate Trust during the third quarter worth about $42,000. Finally, Franklin Resources Inc. purchased a new position in shares of NexPoint Diversified Real Estate Trust in the 3rd quarter worth about $42,000.

NexPoint Diversified Real Estate Trust Company 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.