NexPoint Diversified Real Estate Trust (NYSE:NXDT) Short Interest Update

NexPoint Diversified Real Estate Trust (NYSE:NXDT) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totaling 1,273,934 shares, an increase of 46.0% from the November 30th total of 872,272 shares. Based on an average trading volume of 487,972 shares, the days-to-cover ratio is currently 2.6 days. Based on an average trading volume of 487,972 shares, the days-to-cover ratio is currently 2.6 days.

Insider Buying and Selling at NexPoint Diversified Real Estate Trust

In other NexPoint Diversified Real Estate Trust news, Director Brian Mitts sold 14,449 shares of the firm’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $4.18, for a total value of $60,396.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Institutional Trading of NexPoint Diversified Real Estate Trust

A number of institutional investors have recently added to or reduced their stakes in NXDT. Strs Ohio purchased a new position in NexPoint Diversified Real Estate Trust in the first quarter valued at about $26,000. BNP Paribas Financial Markets raised its holdings in NexPoint Diversified Real Estate Trust by 105.4% during 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 during the last quarter. Verition Fund Management LLC purchased a new stake in NexPoint Diversified Real Estate Trust during the third quarter worth $42,000. Franklin Resources Inc. acquired a new stake in NexPoint Diversified Real Estate Trust in the third quarter valued at $42,000. Finally, Sei Investments Co. purchased a new position in shares of NexPoint Diversified Real Estate Trust in the second quarter valued at $78,000.

NexPoint Diversified Real Estate Trust Trading Down 3.0%

NXDT traded down $0.12 on Monday, hitting $3.77. 245,021 shares of the company were exchanged, compared to its average volume of 243,570. NexPoint Diversified Real Estate Trust has a twelve month low of $2.55 and a twelve month high of $6.27. The firm has a 50-day moving average price of $3.21 and a two-hundred day moving average price of $3.80.

NexPoint Diversified Real Estate Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, November 21st will be given a dividend of $0.15 per share. The ex-dividend date is Friday, November 21st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 15.9%.

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.