Raymond James & Associates Reduces Stock Holdings in NexPoint Diversified Real Estate Trust (NYSE:NXDT)

Raymond James & Associates reduced its position in shares of NexPoint Diversified Real Estate Trust (NYSE:NXDT) by 15.5% in the fourth quarter, HoldingsChannel reports. The firm owned 93,510 shares of the company’s stock after selling 17,088 shares during the quarter. Raymond James & Associates’ holdings in NexPoint Diversified Real Estate Trust were worth $743,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. SG Americas Securities LLC grew its position in NexPoint Diversified Real Estate Trust by 29.5% during the fourth quarter. SG Americas Securities LLC now owns 17,402 shares of the company’s stock valued at $138,000 after buying an additional 3,965 shares during the period. Adams Asset Advisors LLC boosted its stake in shares of NexPoint Diversified Real Estate Trust by 4.7% during the 4th quarter. Adams Asset Advisors LLC now owns 111,300 shares of the company’s stock worth $885,000 after acquiring an additional 5,000 shares during the last quarter. Advisor Resource Council bought a new stake in shares of NexPoint Diversified Real Estate Trust during the 4th quarter valued at $429,000. Vanguard Group Inc. grew its position in shares of NexPoint Diversified Real Estate Trust by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 3,235,585 shares of the company’s stock valued at $28,182,000 after acquiring an additional 43,681 shares during the period. Finally, EJF Capital LLC increased its stake in shares of NexPoint Diversified Real Estate Trust by 16.5% in the 3rd quarter. EJF Capital LLC now owns 286,673 shares of the company’s stock worth $2,497,000 after purchasing an additional 40,632 shares in the last quarter.

Insider Activity at NexPoint Diversified Real Estate Trust

In other news, Director Arthur B. Laffer bought 20,000 shares of the firm’s stock in a transaction on Monday, April 8th. The shares were bought at an average price of 6.12 per share, for a total transaction of 122,400.00. Following the purchase, the director now owns 68,276 shares in the company, valued at 417,849.12. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

NexPoint Diversified Real Estate Trust Trading Up 0.6 %

NYSE NXDT opened at 6.55 on Wednesday. The business’s fifty day moving average is 6.33 and its 200 day moving average is 7.26. NexPoint Diversified Real Estate Trust has a fifty-two week low of 5.82 and a fifty-two week high of 13.07.

NexPoint Diversified Real Estate Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, February 16th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, February 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 9.16%.

NexPoint Diversified Real Estate Trust Profile

NexPoint Diversified Real Estate Trust (NXDT) is an externally advised diversified real estate investment trust (REIT), with its shares of common stock and 5.50% Series A Cumulative Preferred Shares listed on the New York Stock Exchange under the symbols NXDT and NXDT-PA, respectively. As a diversified REIT, NXDT's primary investment objective is to provide both current income and capital appreciation.