Insider Buying: NexPoint Diversified Real Estate Trust (NYSE:NXDT) Director Purchases $16,852.00 in Stock

NexPoint Diversified Real Estate Trust (NYSE:NXDT) Director Arthur B. Laffer bought 4,400 shares of NexPoint Diversified Real Estate Trust stock in a transaction that occurred on Wednesday, June 4th. The shares were bought at an average cost of $3.83 per share, with a total value of $16,852.00. Following the acquisition, the director now directly owns 59,237 shares in the company, valued at $226,877.71. This trade represents a 8.02% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

NexPoint Diversified Real Estate Trust Stock Up 3.9%

Shares of NXDT stock opened at $3.95 on Monday. The company has a 50-day simple moving average of $3.67 and a 200 day simple moving average of $4.74. NexPoint Diversified Real Estate Trust has a 52 week low of $3.12 and a 52 week high of $7.60.

NexPoint Diversified Real Estate Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 9th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 15.19%. The ex-dividend date of this dividend is Friday, May 9th.

Institutional Trading of NexPoint Diversified Real Estate Trust

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Invesco Ltd. boosted its holdings in NexPoint Diversified Real Estate Trust by 14,717.3% in the 4th quarter. Invesco Ltd. now owns 2,009,378 shares of the company’s stock valued at $12,257,000 after purchasing an additional 1,995,817 shares during the period. TCW Group Inc. bought a new stake in NexPoint Diversified Real Estate Trust in the 1st quarter valued at about $1,915,000. Nexpoint Asset Management L.P. boosted its holdings in NexPoint Diversified Real Estate Trust by 8.8% in the 4th quarter. Nexpoint Asset Management L.P. now owns 4,037,330 shares of the company’s stock valued at $24,628,000 after purchasing an additional 327,144 shares during the period. Cubist Systematic Strategies LLC bought a new stake in NexPoint Diversified Real Estate Trust in the 1st quarter valued at about $553,000. Finally, Matisse Capital boosted its holdings in NexPoint Diversified Real Estate Trust by 25.9% in the 1st quarter. Matisse Capital now owns 665,917 shares of the company’s stock valued at $2,550,000 after purchasing an additional 136,968 shares during the period.

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.