NexPoint Diversified Real Estate Trust (NYSE:NXDT) Posts Earnings Results

NexPoint Diversified Real Estate Trust (NYSE:NXDT) released its quarterly earnings results on Friday. The company reported ($1.05) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $18.16 million during the quarter.

NexPoint Diversified Real Estate Trust Stock Performance

NYSE NXDT traded down $0.10 during trading hours on Friday, hitting $2.96. 156,986 shares of the company’s stock traded hands, compared to its average volume of 201,778. The business’s fifty day moving average price is $4.83 and its two-hundred day moving average price is $4.91. NexPoint Diversified Real Estate Trust has a 52 week low of $2.55 and a 52 week high of $5.95.

NexPoint Diversified Real Estate Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 4.0%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Concorde Asset Management LLC increased its position in NexPoint Diversified Real Estate Trust by 1.0% in the second quarter. Concorde Asset Management LLC now owns 303,434 shares of the company’s stock worth $1,575,000 after buying an additional 3,114 shares in the last quarter. GatePass Capital LLC raised its stake in shares of NexPoint Diversified Real Estate Trust by 76.8% in the third quarter. GatePass Capital LLC now owns 243,140 shares of the company’s stock worth $1,267,000 after buying an additional 105,632 shares during the period. Bank of New York Mellon Corp bought a new position in shares of NexPoint Diversified Real Estate Trust in the second quarter worth about $660,000. Odyssean LLC lifted its position in shares of NexPoint Diversified Real Estate Trust by 2.2% during the 2nd quarter. Odyssean LLC now owns 94,837 shares of the company’s stock valued at $492,000 after buying an additional 2,019 shares in the last quarter. Finally, Legacy Wealth Managment LLC ID lifted its position in shares of NexPoint Diversified Real Estate Trust by 12.1% during the 2nd quarter. Legacy Wealth Managment LLC ID now owns 64,409 shares of the company’s stock valued at $334,000 after buying an additional 6,962 shares in the last quarter.

About NexPoint Diversified Real Estate Trust

NexPoint Diversified Real Estate Trust is a publicly traded real estate investment trust that invests in a range of property types and real estate-related assets. Its strategy includes direct and indirect investments in real estate, as well as investments in real estate companies and securities. The trust’s portfolio has included assets and investments in sectors such as multifamily housing, self-storage and life sciences. Its real estate activities are focused in the United States, and its investment approach is designed to provide exposure to multiple areas of the property market.