Insider Selling: NexPoint Diversified Real Estate Trust (NYSE:NXDT) Director Sells $60,396.82 in Stock

NexPoint Diversified Real Estate Trust (NYSE:NXDT) Director Brian Mitts sold 14,449 shares of the firm’s stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $4.18, for a total value of $60,396.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

NexPoint Diversified Real Estate Trust Price Performance

Shares of NexPoint Diversified Real Estate Trust stock opened at $3.88 on Thursday. The firm has a fifty day moving average price of $3.19 and a 200 day moving average price of $3.80. NexPoint Diversified Real Estate Trust has a 1 year low of $2.55 and a 1 year high of $6.80.

NexPoint Diversified Real Estate Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, November 21st will be given a dividend of $0.15 per share. The ex-dividend date is Friday, November 21st. This represents a $0.60 dividend on an annualized basis and a yield of 15.5%.

Institutional Inflows and Outflows

Several institutional investors and 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 in the first quarter valued at approximately $26,000. BNP Paribas Financial Markets raised its stake 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 worth $27,000 after purchasing an additional 3,695 shares during the period. Verition Fund Management LLC acquired a new position in NexPoint Diversified Real Estate Trust in the 3rd quarter valued at about $42,000. Franklin Resources Inc. purchased a new stake in shares of NexPoint Diversified Real Estate Trust during the 3rd quarter valued at approximately $42,000. Finally, Sei Investments Co. purchased a new stake in NexPoint Diversified Real Estate Trust in the second quarter valued at $78,000.

About NexPoint Diversified Real Estate Trust

NexPoint Diversified Real Estate Trust (NYSE: NXDT) is a real estate investment trust focused on building a diversified portfolio of commercial properties across the United States. Since commencing operations through its initial public offering in mid-2021, the company has pursued an opportunistic strategy, targeting value-add and well-located assets in key growth markets. Its investment mandate spans multiple property types, including multifamily residential, office, industrial, retail and hospitality, with an emphasis on generating sustainable income and potential for capital appreciation.

The trust is externally managed by NexPoint Advisors, L.P., a real estate investment firm with a track record of sourcing, underwriting and asset-managing commercial properties.