NexPoint Diversified Real Estate Trust (NYSE:NXDT) Rating Increased to Sell at Wall Street Zen

Wall Street Zen upgraded shares of NexPoint Diversified Real Estate Trust (NYSE:NXDT) from a strong sell rating to a sell rating in a report released on Sunday.

NexPoint Diversified Real Estate Trust Price Performance

Shares of NYSE:NXDT opened at $5.15 on Friday. NexPoint Diversified Real Estate Trust has a 1-year low of $2.55 and a 1-year high of $5.49. The business’s 50 day moving average is $4.67 and its 200-day moving average is $4.07.

NexPoint Diversified Real Estate Trust (NYSE:NXDT) last announced its quarterly earnings data on Tuesday, March 31st. The company reported ($0.75) earnings per share for the quarter. The firm had revenue of $18.40 million during the quarter.

NexPoint Diversified Real Estate Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 22nd will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 11.7%. The ex-dividend date of this dividend is Friday, May 22nd.

Institutional Trading of NexPoint Diversified Real Estate Trust

Several institutional investors have recently modified their holdings of NXDT. Strs Ohio acquired a new stake in NexPoint Diversified Real Estate Trust in the 1st quarter valued at $26,000. BNP Paribas Financial Markets boosted its stake in NexPoint Diversified Real Estate Trust by 105.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,202 shares of the company’s stock valued at $27,000 after buying an additional 3,695 shares in the last quarter. Verition Fund Management LLC acquired a new stake in NexPoint Diversified Real Estate Trust in the 3rd quarter valued at $42,000. Claro Advisors Inc. acquired a new stake in NexPoint Diversified Real Estate Trust in the 4th quarter valued at $44,000. Finally, Franklin Resources Inc. acquired a new stake in NexPoint Diversified Real Estate Trust in the 3rd quarter valued at $42,000.

NexPoint Diversified Real Estate Trust Company 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.