GatePass Capital LLC Trims Holdings in NexPoint Diversified Real Estate Trust $NXDT

GatePass Capital LLC trimmed its holdings in NexPoint Diversified Real Estate Trust (NYSE:NXDT) by 61.0% in the 1st quarter, Holdings Channel reports. The fund owned 141,249 shares of the company’s stock after selling 220,794 shares during the quarter. GatePass Capital LLC’s holdings in NexPoint Diversified Real Estate Trust were worth $660,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. UBS Group AG boosted its stake in NexPoint Diversified Real Estate Trust by 1,192.5% during the third quarter. UBS Group AG now owns 303,173 shares of the company’s stock worth $1,119,000 after acquiring an additional 279,717 shares in the last quarter. Nexpoint Asset Management L.P. increased its stake in shares of NexPoint Diversified Real Estate Trust by 2.5% during the fourth quarter. Nexpoint Asset Management L.P. now owns 5,028,935 shares of the company’s stock valued at $19,261,000 after purchasing an additional 123,634 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of NexPoint Diversified Real Estate Trust during the first quarter valued at approximately $421,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of NexPoint Diversified Real Estate Trust by 33.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 372,444 shares of the company’s stock valued at $1,426,000 after purchasing an additional 93,580 shares during the last quarter. Finally, HRT Financial LP boosted its position in shares of NexPoint Diversified Real Estate Trust by 853.6% in the 4th quarter. HRT Financial LP now owns 96,317 shares of the company’s stock worth $368,000 after purchasing an additional 86,217 shares in the last quarter.

Wall Street Analyst Weigh In

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

NexPoint Diversified Real Estate Trust Stock Up 0.8%

NexPoint Diversified Real Estate Trust stock opened at $5.64 on Friday. NexPoint Diversified Real Estate Trust has a one year low of $2.55 and a one year high of $5.95. The business’s fifty day moving average is $5.07 and its 200 day moving average is $4.73.

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

NexPoint Diversified Real Estate Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, May 22nd were paid a $0.15 dividend. The ex-dividend date was Friday, May 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 10.6%.

NexPoint Diversified Real Estate Trust Profile

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.