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

NexPoint Diversified Real Estate Trust (NYSE:NXDT) announced its quarterly earnings results on Friday. The company reported ($0.46) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $22.88 million for the quarter.

NexPoint Diversified Real Estate Trust Price Performance

NYSE NXDT traded down $0.28 on Friday, reaching $4.78. The company had a trading volume of 86,104 shares, compared to its average volume of 233,832. NexPoint Diversified Real Estate Trust has a 1-year low of $2.55 and a 1-year high of $5.49. The company’s fifty day moving average is $4.72 and its 200-day moving average is $4.13.

NexPoint Diversified Real Estate Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 22nd will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 12.5%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of NexPoint Diversified Real Estate Trust from a “strong sell” rating to a “sell” rating in a report on Sunday, May 10th.

Hedge Funds Weigh In On NexPoint Diversified Real Estate Trust

Several hedge funds have recently made changes to their positions in NXDT. Strs Ohio bought a new stake in shares of NexPoint Diversified Real Estate Trust in the first quarter worth $26,000. BNP Paribas Financial Markets lifted its position in shares of NexPoint Diversified Real Estate Trust by 105.4% in 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. Verition Fund Management LLC bought a new stake in shares of NexPoint Diversified Real Estate Trust in the third quarter worth $42,000. Franklin Resources Inc. bought a new stake in shares of NexPoint Diversified Real Estate Trust in the third quarter worth $42,000. Finally, Claro Advisors Inc. bought a new stake in shares of NexPoint Diversified Real Estate Trust in the fourth quarter worth $44,000.

About NexPoint Diversified Real Estate Trust

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.