NexPoint Diversified Real Estate Trust (NYSE:NXDT) Trading Up 4.6% – What’s Next?

Shares of NexPoint Diversified Real Estate Trust (NYSE:NXDT) traded up 4.6% during mid-day trading on Wednesday . The stock traded as high as $4.25 and last traded at $4.13. 454,374 shares changed hands during mid-day trading, a decline of 30% from the average session volume of 646,790 shares. The stock had previously closed at $3.95.

NexPoint Diversified Real Estate Trust Trading Up 4.6%

The stock has a 50-day moving average of $3.45 and a 200 day moving average of $3.77.

NexPoint Diversified Real Estate Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, November 21st were given a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 21st. This represents a $0.60 annualized dividend and a yield of 14.5%.

Insiders Place Their Bets

In other news, Director Brian Mitts sold 14,449 shares of the company’s stock in a transaction on Thursday, December 18th. The stock was 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 is accessible through this link.

Institutional Investors Weigh In On NexPoint Diversified Real Estate Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UBS Group AG increased its stake in shares of NexPoint Diversified Real Estate Trust by 1,192.5% in the third quarter. UBS Group AG now owns 303,173 shares of the company’s stock worth $1,119,000 after purchasing an additional 279,717 shares in the last quarter. MADDEN SECURITIES Corp bought a new position in NexPoint Diversified Real Estate Trust in the 2nd quarter worth approximately $883,000. Matisse Capital grew its stake in NexPoint Diversified Real Estate Trust by 23.1% in the 2nd quarter. Matisse Capital now owns 819,900 shares of the company’s stock valued at $3,435,000 after buying an additional 153,983 shares in the last quarter. Jane Street Group LLC bought a new stake in NexPoint Diversified Real Estate Trust during the 1st quarter valued at $421,000. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of NexPoint Diversified Real Estate Trust during the second quarter worth $344,000.

About NexPoint Diversified Real Estate Trust

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.