NexPoint Diversified Real Estate Trust (NYSE:NXDT) Rating Increased to Sell at Wall Street Zen

NexPoint Diversified Real Estate Trust (NYSE:NXDT) was upgraded by equities researchers at Wall Street Zen from a “strong sell” rating to a “sell” rating in a report released on Sunday.

NexPoint Diversified Real Estate Trust Trading Down 3.6%

NXDT opened at $4.43 on Friday. NexPoint Diversified Real Estate Trust has a 52-week low of $2.55 and a 52-week high of $5.26. The company has a 50 day moving average of $4.60 and a two-hundred day moving average of $3.90.

NexPoint Diversified Real Estate Trust (NYSE:NXDT) last posted its quarterly earnings results on Tuesday, March 31st. The company reported ($0.75) earnings per share (EPS) for the quarter. The firm had revenue of $18.40 million for the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Odyssean LLC bought a new position in shares of NexPoint Diversified Real Estate Trust in the fourth quarter valued at about $151,000. Millennium Management LLC acquired a new stake in NexPoint Diversified Real Estate Trust in the fourth quarter worth about $193,000. IHT Wealth Management LLC acquired a new stake in NexPoint Diversified Real Estate Trust in the fourth quarter worth about $44,000. Claro Advisors Inc. acquired a new stake in NexPoint Diversified Real Estate Trust in the fourth quarter worth about $44,000. Finally, Nexpoint Asset Management L.P. grew its position in shares of NexPoint Diversified Real Estate Trust by 2.5% during the 4th quarter. Nexpoint Asset Management L.P. now owns 5,028,935 shares of the company’s stock worth $19,261,000 after buying an additional 123,634 shares during the period.

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.