NexPoint Diversified Real Estate Trust (NYSE:NXDT) Trading Up 4.6% – Should You Buy?

NexPoint Diversified Real Estate Trust (NYSE:NXDT) traded up 4.6% on Wednesday . The stock traded as high as $4.25 and last traded at $4.13. 454,374 shares traded hands during mid-day trading, a decline of 30% from the average session volume of 646,790 shares. The stock had previously closed at $3.95.

NexPoint Diversified Real Estate Trust Trading Up 4.6%

The stock has a fifty day simple moving average of $3.45 and a two-hundred day simple moving average of $3.77.

NexPoint Diversified Real Estate Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, November 21st were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 14.5%. The ex-dividend date was Friday, November 21st.

Insider Transactions at NexPoint Diversified Real Estate Trust

In related news, Director Brian Mitts sold 14,449 shares of the business’s stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $4.18, for a total transaction of $60,396.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Trading of NexPoint Diversified Real Estate Trust

Several institutional investors and hedge funds have recently modified their holdings of the business. Sumitomo Mitsui Trust Group Inc. boosted its holdings in NexPoint Diversified Real Estate Trust by 7.3% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 37,031 shares of the company’s stock worth $155,000 after acquiring an additional 2,507 shares in the last quarter. BTG Pactual Asset Management US LLC raised its position in shares of NexPoint Diversified Real Estate Trust by 3.5% in the 2nd quarter. BTG Pactual Asset Management US LLC now owns 83,814 shares of the company’s stock worth $351,000 after purchasing an additional 2,817 shares during the last quarter. Raymond James Financial Inc. raised its position in shares of NexPoint Diversified Real Estate Trust by 4.6% in the 2nd quarter. Raymond James Financial Inc. now owns 77,916 shares of the company’s stock worth $326,000 after purchasing an additional 3,399 shares during the last quarter. Cetera Investment Advisers boosted its stake in NexPoint Diversified Real Estate Trust by 10.0% in the 2nd quarter. Cetera Investment Advisers now owns 38,543 shares of the company’s stock worth $161,000 after purchasing an additional 3,507 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in NexPoint Diversified Real Estate Trust by 105.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,202 shares of the company’s stock valued at $27,000 after purchasing an additional 3,695 shares during the last quarter.

NexPoint Diversified Real Estate Trust Company Profile

NexPoint Diversified Real Estate Trust (NYSE: NXDT) is a real estate investment trust focused on building a diversified portfolio of commercial properties across the United States. Since commencing operations through its initial public offering in mid-2021, the company has pursued an opportunistic strategy, targeting value-add and well-located assets in key growth markets. Its investment mandate spans multiple property types, including multifamily residential, office, industrial, retail and hospitality, with an emphasis on generating sustainable income and potential for capital appreciation.

The trust is externally managed by NexPoint Advisors, L.P., a real estate investment firm with a track record of sourcing, underwriting and asset-managing commercial properties.