NexPoint Diversified Real Estate Trust (NYSE:NXDT – Get Rating) insider James D. Dondero bought 127,400 shares of the business’s stock in a transaction dated Tuesday, May 3rd. The stock was bought at an average price of 15.75 per share, for a total transaction of 2,006,550.00. Following the purchase, the insider now owns 3,347,478 shares in the company, valued at approximately 52,722,778.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of NexPoint Diversified Real Estate Trust stock opened at 15.72 on Thursday. The firm has a 50-day moving average of 15.50. NexPoint Diversified Real Estate Trust has a 1 year low of 11.53 and a 1 year high of 16.15.
The business also recently announced a monthly dividend, which will be paid on Tuesday, May 31st. Stockholders of record on Tuesday, May 24th will be paid a $0.05 dividend. The ex-dividend date is Monday, May 23rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.82%.
NexPoint Diversified Real Estate Trust is a closed ended balanced mutual fund launched by Highland Capital Management, L.P. It is managed by Nexpoint Advisors, L.P. The fund invests in the fixed income markets of the United States. It invests in companies across broadly diversified sectors to construct its portfolio.
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