NexPoint Diversified Real Estate Trust (NYSE:NXDT) Shares Down 1% – Here’s Why

NexPoint Diversified Real Estate Trust (NYSE:NXDT)’s stock price dropped 1% during mid-day trading on Wednesday . The stock traded as low as $5.21 and last traded at $5.2670. Approximately 107,664 shares changed hands during mid-day trading, a decline of 50% from the average session volume of 215,562 shares. The stock had previously closed at $5.32.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised NexPoint Diversified Real Estate Trust from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd.

NexPoint Diversified Real Estate Trust Trading Down 1.0%

The stock has a 50-day moving average of $5.03 and a 200 day moving average of $4.65.

NexPoint Diversified Real Estate Trust (NYSE:NXDT) last issued its quarterly earnings data on Friday, May 15th. The company reported ($0.46) earnings per share (EPS) for the quarter. The business had revenue of $22.88 million during the quarter.

NexPoint Diversified Real Estate Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, May 22nd were paid a $0.15 dividend. The ex-dividend date was Friday, May 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 11.4%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Strs Ohio bought a new stake in NexPoint Diversified Real Estate Trust during the 1st quarter worth about $26,000. BNP Paribas Financial Markets raised its stake in shares of NexPoint Diversified Real Estate Trust by 105.4% in the third quarter. BNP Paribas Financial Markets now owns 7,202 shares of the company’s stock worth $27,000 after acquiring an additional 3,695 shares during the last quarter. Verition Fund Management LLC bought a new position in shares of NexPoint Diversified Real Estate Trust in the third quarter worth about $42,000. Franklin Resources Inc. acquired a new position in shares of NexPoint Diversified Real Estate Trust during the third quarter worth approximately $42,000. Finally, Claro Advisors Inc. acquired a new position in shares of NexPoint Diversified Real Estate Trust during the fourth quarter worth approximately $44,000.

About NexPoint Diversified Real Estate Trust

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.