NexPoint Diversified Real Estate Trust (NYSE:NXDT – Get Free Report) Director Arthur B. Laffer acquired 2,595 shares of the company’s stock in a transaction on Wednesday, July 3rd. The shares were bought at an average price of 5.49 per share, for a total transaction of 14,246.55. Following the completion of the purchase, the director now owns 93,652 shares in the company, valued at approximately 514,149.48. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
NexPoint Diversified Real Estate Trust Stock Performance
Shares of NYSE:NXDT opened at 5.25 on Thursday. The stock’s fifty day simple moving average is 5.39 and its two-hundred day simple moving average is 6.20. NexPoint Diversified Real Estate Trust has a 1-year low of 4.67 and a 1-year high of 13.07.
NexPoint Diversified Real Estate Trust Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Wednesday, May 15th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 11.43%. The ex-dividend date of this dividend was Tuesday, May 14th.
Hedge Funds Weigh In On NexPoint Diversified Real Estate Trust
NexPoint Diversified Real Estate Trust Company 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.
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