Insider Buying: NexPoint Diversified Real Estate Trust (NYSE:NXDT) Insider Acquires 1,000 Shares of Stock

NexPoint Diversified Real Estate Trust (NYSE:NXDT) insider James D. Dondero purchased 1,000 shares of NexPoint Diversified Real Estate Trust stock in a transaction dated Tuesday, August 30th. The shares were purchased at an average cost of 15.73 per share, for a total transaction of 15,730.00. Following the transaction, the insider now owns 4,141 shares in the company, valued at approximately 65,137.93. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

NexPoint Diversified Real Estate Trust Price Performance

Shares of NYSE NXDT opened at 6.05 on Friday. NexPoint Diversified Real Estate Trust has a 52-week low of 4.67 and a 52-week high of 9.23. The business’s 50 day moving average is 5.89 and its two-hundred day moving average is 5.84.

NexPoint Diversified Real Estate Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, August 15th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 9.92%. The ex-dividend date of this dividend was Thursday, August 15th.

Institutional Trading of NexPoint Diversified Real Estate Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in NexPoint Diversified Real Estate Trust by 4.5% in the first quarter. Vanguard Group Inc. now owns 3,419,983 shares of the company’s stock valued at $22,572,000 after purchasing an additional 146,102 shares during the period. Matisse Capital grew its stake in shares of NexPoint Diversified Real Estate Trust by 23.0% in the second quarter. Matisse Capital now owns 504,948 shares of the company’s stock worth $2,792,000 after acquiring an additional 94,406 shares in the last quarter. BOKF NA grew its stake in shares of NexPoint Diversified Real Estate Trust by 4.0% in the second quarter. BOKF NA now owns 371,688 shares of the company’s stock worth $2,055,000 after acquiring an additional 14,363 shares in the last quarter. Bulldog Investors LLP grew its stake in shares of NexPoint Diversified Real Estate Trust by 2.3% in the fourth quarter. Bulldog Investors LLP now owns 177,868 shares of the company’s stock worth $1,414,000 after acquiring an additional 3,969 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of NexPoint Diversified Real Estate Trust by 77.9% in the second quarter. Bank of New York Mellon Corp now owns 159,336 shares of the company’s stock worth $881,000 after acquiring an additional 69,796 shares in the last quarter.

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.