NexPoint Diversified Real Estate Trust (NYSE:NXDT) Insider Acquires $13,900.00 in Stock

NexPoint Diversified Real Estate Trust (NYSE:NXDT) insider Paul Richards purchased 5,000 shares of NexPoint Diversified Real Estate Trust stock in a transaction dated Wednesday, November 19th. The shares were bought at an average price of $2.78 per share, for a total transaction of $13,900.00. Following the acquisition, the insider owned 119,820 shares in the company, valued at approximately $333,099.60. This trade represents a 4.35% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

NexPoint Diversified Real Estate Trust Price Performance

Shares of NXDT opened at $2.70 on Friday. NexPoint Diversified Real Estate Trust has a 12-month low of $2.55 and a 12-month high of $7.60. The firm has a 50-day moving average price of $3.41 and a 200 day moving average price of $3.86.

NexPoint Diversified Real Estate Trust Announces Dividend

The company also recently declared 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 of this dividend is Friday, November 21st. This represents a $0.60 annualized dividend and a dividend yield of 22.3%.

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 report on Saturday, August 16th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of NXDT. Strs Ohio acquired a new stake in shares of NexPoint Diversified Real Estate Trust during the first quarter valued at about $26,000. BNP Paribas Financial Markets boosted its position in shares of NexPoint Diversified Real Estate Trust by 105.4% during the 3rd 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 purchased a new position in shares of NexPoint Diversified Real Estate Trust during the 3rd quarter worth approximately $42,000. Franklin Resources Inc. acquired a new stake in NexPoint Diversified Real Estate Trust in the 3rd quarter valued at approximately $42,000. Finally, Avantax Advisory Services Inc. purchased a new stake in NexPoint Diversified Real Estate Trust in the first quarter valued at approximately $44,000.

NexPoint Diversified Real Estate Trust Company Profile

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.