NexPoint Diversified Real Estate Trust (NYSE:NXDT) Director Brian Mitts Sells 14,449 Shares

NexPoint Diversified Real Estate Trust (NYSE:NXDT) Director Brian Mitts sold 14,449 shares of the company’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $4.18, for a total transaction of $60,396.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

NexPoint Diversified Real Estate Trust Stock Performance

NexPoint Diversified Real Estate Trust stock opened at $3.89 on Tuesday. The company has a 50-day moving average price of $3.17 and a 200 day moving average price of $3.80. NexPoint Diversified Real Estate Trust has a 12-month low of $2.55 and a 12-month high of $7.20.

NexPoint Diversified Real Estate Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, November 21st will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 15.4%. The ex-dividend date is Friday, November 21st.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Concorde Asset Management LLC increased its stake in NexPoint Diversified Real Estate Trust by 18.1% in the 1st quarter. Concorde Asset Management LLC now owns 291,168 shares of the company’s stock valued at $1,208,000 after purchasing an additional 44,586 shares in the last quarter. MADDEN SECURITIES Corp purchased a new stake in NexPoint Diversified Real Estate Trust in the 2nd quarter worth approximately $883,000. Cubist Systematic Strategies LLC acquired a new position in NexPoint Diversified Real Estate Trust in the first quarter valued at $553,000. Nuveen LLC acquired a new position in shares of NexPoint Diversified Real Estate Trust during the 1st quarter valued at about $463,000. Finally, Legacy Investment Solutions LLC acquired a new position in NexPoint Diversified Real Estate Trust during the second quarter worth approximately $344,000.

NexPoint Diversified Real Estate Trust Company Profile

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.