NexPoint Diversified Real Estate Trust (NYSE:NXDT) Trading Down 0.9% – Should You Sell?

NexPoint Diversified Real Estate Trust (NYSE:NXDT) shares traded down 0.9% during mid-day trading on Monday . The stock traded as low as $3.09 and last traded at $3.15. 111,586 shares were traded during trading, a decline of 44% from the average session volume of 200,694 shares. The stock had previously closed at $3.18.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of 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 Trading Down 0.9%

The firm’s fifty day moving average price is $3.66 and its 200-day moving average price is $3.93.

NexPoint Diversified Real Estate Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, November 21st will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $0.60 annualized dividend and a dividend yield of 19.0%.

Institutional Investors Weigh In On NexPoint Diversified Real Estate Trust

Institutional investors have recently bought and sold shares of the stock. Strs Ohio acquired a new stake in NexPoint Diversified Real Estate Trust in the first quarter worth about $26,000. Avantax Advisory Services Inc. acquired a new stake in NexPoint Diversified Real Estate Trust in the first quarter worth about $44,000. Sei Investments Co. acquired a new stake in NexPoint Diversified Real Estate Trust in the second quarter worth about $78,000. Wealthedge Investment Advisors LLC acquired a new stake in NexPoint Diversified Real Estate Trust in the first quarter worth about $88,000. Finally, Invesco Ltd. lifted its holdings in NexPoint Diversified Real Estate Trust by 28.6% in the second quarter. Invesco Ltd. now owns 28,663 shares of the company’s stock worth $120,000 after purchasing an additional 6,372 shares during the period.

About NexPoint Diversified Real Estate Trust

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.