Commonwealth Equity Services LLC acquired a new position in shares of NexPoint Diversified Real Estate Trust (NYSE:NXDT – Get Rating) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 18,194 shares of the company’s stock, valued at approximately $300,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Highland Capital Management Fund Advisors L.P. acquired a new stake in NexPoint Diversified Real Estate Trust in the 1st quarter worth about $28,879,000. Bank of America Corp DE acquired a new stake in NexPoint Diversified Real Estate Trust during the first quarter worth approximately $7,229,000. EJF Capital LLC bought a new position in NexPoint Diversified Real Estate Trust during the 1st quarter worth $7,095,000. Camelot Portfolios LLC acquired a new position in NexPoint Diversified Real Estate Trust in the 2nd quarter valued at $6,808,000. Finally, Kestra Private Wealth Services LLC acquired a new position in NexPoint Diversified Real Estate Trust in the 1st quarter valued at $1,406,000.
NexPoint Diversified Real Estate Trust Price Performance
NXDT opened at 12.83 on Thursday. NexPoint Diversified Real Estate Trust has a 52-week low of 11.06 and a 52-week high of 17.93. The business’s fifty day moving average is 14.12 and its 200-day moving average is 15.12.
NexPoint Diversified Real Estate Trust Announces Dividend
The company also recently declared a monthly dividend, which was paid on Friday, September 30th. Investors of record on Monday, September 19th were given a dividend of $0.05 per share. The ex-dividend date was Friday, September 16th. This represents a $0.60 annualized dividend and a dividend yield of 4.68%.
Insider Activity at NexPoint Diversified Real Estate Trust
In other NexPoint Diversified Real Estate Trust news, Director Arthur B. Laffer purchased 6,762 shares of the firm’s stock in a transaction dated Wednesday, September 21st. The shares were bought at an average price of 14.79 per share, for a total transaction of 100,009.98. Following the purchase, the director now owns 45,499 shares in the company, valued at approximately 672,930.21. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Arthur B. Laffer acquired 6,762 shares of the company’s stock in a transaction that occurred on Wednesday, September 21st. The stock was acquired at an average price of 14.79 per share, with a total value of 100,009.98. Following the purchase, the director now directly owns 45,499 shares in the company, valued at 672,930.21. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James D. Dondero bought 12,619 shares of the firm’s stock in a transaction on Monday, October 3rd. The shares were bought at an average cost of 12.56 per share, for a total transaction of 158,494.64. Following the purchase, the insider now 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 have bought 79,559 shares of company stock valued at $998,089 over the last three months.
About NexPoint Diversified Real Estate Trust
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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