NexPoint Diversified Real Estate Trust (NYSE:NXDT – Get Rating) insider James D. Dondero purchased 118,673 shares of NexPoint Diversified Real Estate Trust stock in a transaction on Monday, November 28th. The stock was purchased at an average price of 13.83 per share, for a total transaction of 1,641,247.59. Following the completion of the transaction, the insider now owns 1,825,479 shares of the company's stock, valued at 25,246,374.57. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
NexPoint Diversified Real Estate Trust Stock Performance
NYSE:NXDT opened at 13.89 on Friday. NexPoint Diversified Real Estate Trust has a 12 month low of 11.06 and a 12 month high of 17.93. The company's 50-day moving average price is 12.86 and its two-hundred day moving average price is 14.68.
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NexPoint Diversified Real Estate Trust Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Thursday, December 15th will be given a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, December 14th. This represents a $0.60 dividend on an annualized basis and a yield of 4.32%.
Hedge Funds Weigh In On NexPoint Diversified Real Estate Trust
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC acquired a new position in shares of NexPoint Diversified Real Estate Trust during the second quarter worth approximately $25,000. Tower Research Capital LLC TRC acquired a new position in shares of NexPoint Diversified Real Estate Trust during the third quarter worth approximately $25,000. SeaCrest Wealth Management LLC acquired a new position in shares of NexPoint Diversified Real Estate Trust during the second quarter worth approximately $28,000. PenderFund Capital Management Ltd. acquired a new position in shares of NexPoint Diversified Real Estate Trust during the third quarter worth approximately $38,000. Finally, SMH Capital Advisors Inc. acquired a new position in shares of NexPoint Diversified Real Estate Trust during the second quarter worth approximately $142,000.
NexPoint Diversified Real Estate Trust Company Profile
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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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