NexPoint Diversified Real Estate Trust (NYSE:NXDT – Get Rating) was the target of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 598,900 shares, an increase of 226.2% from the November 30th total of 183,600 shares. Approximately 1.8% of the company's stock are short sold. Based on an average daily volume of 262,200 shares, the days-to-cover ratio is presently 2.3 days.
NexPoint Diversified Real Estate Trust Stock Performance
NXDT stock traded up 0.20 during mid-day trading on Thursday, hitting 11.05. The company had a trading volume of 314,800 shares, compared to its average volume of 170,273. NexPoint Diversified Real Estate Trust has a 12 month low of 10.79 and a 12 month high of 17.93. The stock's fifty day moving average price is 12.85 and its two-hundred day moving average price is 14.26.
Get NexPoint Diversified Real Estate Trust alerts:NexPoint Diversified Real Estate Trust Announces Dividend
The business also recently disclosed 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. This represents a $0.60 annualized dividend and a yield of 5.43%. The ex-dividend date of this dividend is Wednesday, December 14th.
Insider Buying and Selling
In other news, insider James D. Dondero purchased 118,673 shares of the business's stock in a transaction that occurred on Monday, November 28th. The shares were acquired at an average cost of 13.83 per share, for a total transaction of 1,641,247.59. Following the completion of the acquisition, the insider now owns 1,825,479 shares in the company, valued at 25,246,374.57. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider James D. Dondero acquired 12,619 shares of the stock in a transaction on Monday, October 3rd. The shares were acquired at an average price of 12.56 per share, with a total value of 158,494.64. Following the completion of the transaction, the insider now owns 3,761,574 shares in the company, valued at approximately 47,245,369.44. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider James D. Dondero acquired 118,673 shares of the stock in a transaction on Monday, November 28th. The stock was bought at an average cost of 13.83 per share, for a total transaction of 1,641,247.59. Following the transaction, the insider now owns 1,825,479 shares of the company's stock, valued at approximately 25,246,374.57. The disclosure for this purchase can be found here.Institutional Trading of NexPoint Diversified Real Estate Trust
Several hedge funds have recently added to or reduced their stakes in the stock. Highland Capital Management Fund Advisors L.P. bought a new stake in NexPoint Diversified Real Estate Trust in the first quarter worth about $28,879,000. Thomas J. Herzfeld Advisors Inc. raised its position in shares of NexPoint Diversified Real Estate Trust by 1.0% in the third quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,540,366 shares of the company's stock valued at $19,332,000 after purchasing an additional 14,703 shares during the period. Vanguard Group Inc. bought a new stake in shares of NexPoint Diversified Real Estate Trust in the third quarter valued at approximately $13,324,000. Bank of America Corp DE bought a new stake in shares of NexPoint Diversified Real Estate Trust in the first quarter valued at approximately $7,229,000. Finally, EJF Capital LLC bought a new stake in shares of NexPoint Diversified Real Estate Trust in the first quarter valued at approximately $7,095,000.
About NexPoint Diversified Real Estate Trust
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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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