NexPoint Diversified Real Estate Trust (NYSE:NXDT) Trading 1.4% Higher – Here’s What Happened

NexPoint Diversified Real Estate Trust (NYSE:NXDT)’s stock price was up 1.4% during mid-day trading on Wednesday . The company traded as high as $4.56 and last traded at $4.38. Approximately 162,707 shares traded hands during trading, a decline of 46% from the average daily volume of 299,193 shares. The stock had previously closed at $4.32.

NexPoint Diversified Real Estate Trust Stock Up 1.4%

The stock has a 50 day simple moving average of $4.58 and a two-hundred day simple moving average of $3.85.

NexPoint Diversified Real Estate Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 20th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 13.7%. The ex-dividend date of this dividend is Friday, February 20th.

Institutional Trading of NexPoint Diversified Real Estate Trust

A number of large investors have recently bought and sold shares of NXDT. BTG Pactual Asset Management US LLC raised its stake in shares of NexPoint Diversified Real Estate Trust by 3.7% during the fourth quarter. BTG Pactual Asset Management US LLC now owns 66,111 shares of the company’s stock worth $277,000 after purchasing an additional 2,344 shares during the last quarter. Daiwa Securities Group Inc. grew its position in NexPoint Diversified Real Estate Trust by 18.1% in the 4th quarter. Daiwa Securities Group Inc. now owns 15,385 shares of the company’s stock valued at $59,000 after buying an additional 2,357 shares during the last quarter. Raymond James Financial Inc. grew its position in NexPoint Diversified Real Estate Trust by 4.6% in the 2nd quarter. Raymond James Financial Inc. now owns 77,916 shares of the company’s stock valued at $326,000 after buying an additional 3,399 shares during the last quarter. Cetera Investment Advisers increased its stake in NexPoint Diversified Real Estate Trust by 10.0% in the 2nd quarter. Cetera Investment Advisers now owns 38,543 shares of the company’s stock valued at $161,000 after buying an additional 3,507 shares during the period. Finally, BNP Paribas Financial Markets increased 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 during the period.

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.