NexPoint Diversified Real Estate Trust (NYSE:NXDT) Stock Price Down 4.9% – Here’s Why

NexPoint Diversified Real Estate Trust (NYSE:NXDT)’s share price traded down 4.9% during mid-day trading on Monday . The stock traded as low as $4.68 and last traded at $4.6880. 77,478 shares changed hands during trading, a decline of 65% from the average session volume of 220,633 shares. The stock had previously closed at $4.93.

Analyst Ratings Changes

Separately, Wall Street Zen raised NexPoint Diversified Real Estate Trust from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd.

NexPoint Diversified Real Estate Trust Stock Up 0.8%

The firm has a 50 day simple moving average of $4.97 and a 200 day simple moving average of $4.47.

NexPoint Diversified Real Estate Trust (NYSE:NXDT) last issued its earnings results on Friday, May 15th. The company reported ($0.46) EPS for the quarter. The business had revenue of $22.88 million during the quarter.

NexPoint Diversified Real Estate Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 22nd will be paid a $0.15 dividend. The ex-dividend date is Friday, May 22nd. This represents a $0.60 annualized dividend and a yield of 13.2%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in NXDT. Strs Ohio bought a new stake in shares of NexPoint Diversified Real Estate Trust during the 1st quarter valued at about $26,000. BNP Paribas Financial Markets lifted its position in NexPoint Diversified Real Estate Trust by 105.4% in the third quarter. BNP Paribas Financial Markets now owns 7,202 shares of the company’s stock valued at $27,000 after purchasing an additional 3,695 shares during the last quarter. Copley Financial Group Inc. bought a new stake in NexPoint Diversified Real Estate Trust in the first quarter valued at approximately $49,000. Verition Fund Management LLC bought a new stake in NexPoint Diversified Real Estate Trust in the third quarter valued at approximately $42,000. Finally, Claro Advisors Inc. bought a new position in shares of NexPoint Diversified Real Estate Trust during the fourth quarter valued at approximately $44,000.

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.