Verition Fund Management LLC acquired a new position in shares of NexPoint Diversified Real Estate Trust (NYSE:NXDT – Get Rating) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 50,000 shares of the company's stock, valued at approximately $825,000.

A number of other hedge funds also recently made changes to their positions in NXDT. Highland Capital Management Fund Advisors L.P. bought a new stake in NexPoint Diversified Real Estate Trust in the first quarter worth $28,879,000. Bank of America Corp DE bought a new stake in NexPoint Diversified Real Estate Trust in the first quarter worth $7,229,000. EJF Capital LLC bought a new stake in NexPoint Diversified Real Estate Trust in the first quarter worth $7,095,000. Camelot Portfolios LLC bought a new stake in NexPoint Diversified Real Estate Trust in the second quarter worth $6,808,000. Finally, Loomis Sayles & Co. L P bought a new stake in NexPoint Diversified Real Estate Trust in the second quarter worth $5,630,000.

Insiders Place Their Bets

In other news, insider James D. Dondero acquired 50,206 shares of the firm's stock in a transaction on Thursday, September 29th. The shares were purchased at an average price of 12.28 per share, for a total transaction of 616,529.68. Following the completion of the transaction, the insider now owns 3,738,955 shares of the company's stock, valued at 45,914,367.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider James D. Dondero acquired 50,206 shares of the firm's stock in a transaction on Thursday, September 29th. The shares were purchased at an average price of 12.28 per share, for a total transaction of 616,529.68. Following the completion of the transaction, the insider now owns 3,738,955 shares of the company's stock, valued at 45,914,367.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider James D. Dondero acquired 12,619 shares of the firm's stock in a transaction on Monday, October 3rd. The stock was purchased at an average price of 12.56 per share, for a total transaction of 158,494.64. Following the transaction, the insider now directly owns 3,761,574 shares of the company's stock, valued at approximately 47,245,369.44. The disclosure for this purchase can be found here. Insiders acquired 191,470 shares of company stock valued at $2,539,326 over the last three months.

NexPoint Diversified Real Estate Trust Price Performance

NexPoint Diversified Real Estate Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Thursday, December 15th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.02%. The ex-dividend date is Wednesday, December 14th.

NexPoint Diversified Real Estate Trust Company Profile

(Get Rating)

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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