NexPoint Diversified Real Estate Trust (NYSE:NXDT) Director Arthur Laffer Buys 5,101 Shares

NexPoint Diversified Real Estate Trust (NYSE:NXDT) Director Arthur Laffer acquired 5,101 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was acquired at an average cost of $2.74 per share, for a total transaction of $13,976.74. Following the transaction, the director owned 107,636 shares of the company’s stock, valued at $294,922.64. This represents a 4.97% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

NexPoint Diversified Real Estate Trust Trading Down 2.3%

NYSE:NXDT traded down $0.07 on Thursday, hitting $2.74. 4,667 shares of the company’s stock were exchanged, compared to its average volume of 220,659. The firm has a 50-day moving average price of $3.23 and a 200-day moving average price of $3.83. NexPoint Diversified Real Estate Trust has a 52 week low of $2.55 and a 52 week high of $7.60.

NexPoint Diversified Real Estate Trust Announces Dividend

The business 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. This represents a $0.60 annualized dividend and a yield of 21.9%. The ex-dividend date of this dividend is Friday, November 21st.

Institutional Trading of NexPoint Diversified Real Estate Trust

Large investors have recently modified their holdings of the stock. Avantax Advisory Services Inc. bought a new stake in NexPoint Diversified Real Estate Trust during the first quarter worth about $44,000. XTX Topco Ltd acquired a new stake in shares of NexPoint Diversified Real Estate Trust during the 1st quarter worth approximately $134,000. Concorde Asset Management LLC raised its position in NexPoint Diversified Real Estate Trust by 18.1% during the first 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 acquired a new position in NexPoint Diversified Real Estate Trust during the second quarter valued at approximately $883,000. Finally, Nations Financial Group Inc. IA ADV lifted its stake in NexPoint Diversified Real Estate Trust by 3.7% during the first quarter. Nations Financial Group Inc. IA ADV now owns 236,994 shares of the company’s stock worth $908,000 after purchasing an additional 8,359 shares during the last quarter.

Wall Street Analyst Weigh In

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.

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.