Capital Investment Advisors LLC Cuts Position in NexPoint Diversified Real Estate Trust $NXDT

Capital Investment Advisors LLC cut its stake in NexPoint Diversified Real Estate Trust (NYSE:NXDT) by 20.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,584 shares of the company’s stock after selling 4,727 shares during the quarter. Capital Investment Advisors LLC’s holdings in NexPoint Diversified Real Estate Trust were worth $78,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in NXDT. Strs Ohio purchased a new position in shares of NexPoint Diversified Real Estate Trust in the 1st quarter valued at $26,000. Avantax Advisory Services Inc. purchased a new position in shares of NexPoint Diversified Real Estate Trust in the 1st quarter valued at $44,000. Wealthedge Investment Advisors LLC purchased a new position in shares of NexPoint Diversified Real Estate Trust in the 1st quarter valued at $88,000. XTX Topco Ltd purchased a new position in shares of NexPoint Diversified Real Estate Trust in the 1st quarter valued at $134,000. Finally, Two Sigma Investments LP purchased a new position in shares of NexPoint Diversified Real Estate Trust in the 4th quarter valued at $208,000.

Insider Buying and Selling at NexPoint Diversified Real Estate Trust

In other NexPoint Diversified Real Estate Trust news, Director Arthur B. Laffer acquired 5,250 shares of the stock in a transaction dated Wednesday, July 9th. The stock was purchased at an average price of $4.80 per share, with a total value of $25,200.00. Following the transaction, the director directly owned 97,237 shares of the company’s stock, valued at $466,737.60. This trade represents a 5.71% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

NexPoint Diversified Real Estate Trust Price Performance

NexPoint Diversified Real Estate Trust stock opened at $3.56 on Friday. NexPoint Diversified Real Estate Trust has a 1-year low of $3.12 and a 1-year high of $7.60. The business has a fifty day moving average price of $4.04 and a 200-day moving average price of $4.00.

NexPoint Diversified Real Estate Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, August 14th were given a $0.15 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 16.9%.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded NexPoint Diversified Real Estate Trust from a “hold” rating to a “strong sell” rating in a report on Saturday, August 16th.

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.