Arthur Laffer Purchases 5,101 Shares of NexPoint Diversified Real Estate Trust (NYSE:NXDT) Stock

NexPoint Diversified Real Estate Trust (NYSE:NXDT) Director Arthur Laffer bought 5,101 shares of the stock in a transaction on Monday, December 1st. The stock was purchased at an average price of $2.74 per share, for a total transaction of $13,976.74. Following the completion of the purchase, the director owned 107,636 shares of the company’s stock, valued at approximately $294,922.64. This trade represents a 4.97% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

NexPoint Diversified Real Estate Trust Stock Up 5.2%

Shares of NXDT stock traded up $0.14 on Wednesday, hitting $2.80. 399,077 shares of the stock were exchanged, compared to its average volume of 221,609. The firm’s 50 day moving average is $3.23 and its two-hundred day moving average is $3.83. NexPoint Diversified Real Estate Trust has a one year low of $2.55 and a one year high of $7.60.

NexPoint Diversified Real Estate Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, November 21st will be paid a $0.15 dividend. The ex-dividend date is Friday, November 21st. This represents a $0.60 annualized dividend and a dividend yield of 21.4%.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of NexPoint Diversified Real Estate Trust from a “hold” rating to a “strong sell” rating in a research note on Saturday, August 16th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. boosted its stake in NexPoint Diversified Real Estate Trust by 7.3% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 37,031 shares of the company’s stock valued at $155,000 after buying an additional 2,507 shares during the period. BTG Pactual Asset Management US LLC increased its stake in NexPoint Diversified Real Estate Trust by 3.5% in the 2nd quarter. BTG Pactual Asset Management US LLC now owns 83,814 shares of the company’s stock worth $351,000 after acquiring an additional 2,817 shares during the last quarter. Raymond James Financial Inc. raised its holdings in shares of NexPoint Diversified Real Estate Trust by 4.6% in the 2nd quarter. Raymond James Financial Inc. now owns 77,916 shares of the company’s stock valued at $326,000 after acquiring an additional 3,399 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of NexPoint Diversified Real Estate Trust by 10.0% during the 2nd quarter. Cetera Investment Advisers now owns 38,543 shares of the company’s stock valued at $161,000 after acquiring an additional 3,507 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in shares of 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 in the last quarter.

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.