James D. Dondero Buys 8,950 Shares of NexPoint Diversified Real Estate Trust (NYSE:NXDT) Stock

NexPoint Diversified Real Estate Trust (NYSE:NXDT) insider James D. Dondero acquired 8,950 shares of the stock in a transaction that occurred on Wednesday, January 19th. The shares were acquired at an average cost of 13.82 per share, with a total value of 123,689.00. Following the transaction, the insider now owns 5,834 shares in the company, valued at approximately 80,625.88. The trade was a -200.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

NexPoint Diversified Real Estate Trust Price Performance

Shares of NYSE NXDT opened at 6.05 on Friday. The firm’s 50-day moving average price is 5.89 and its two-hundred day moving average price is 5.84. NexPoint Diversified Real Estate Trust has a 52-week low of 4.67 and a 52-week high of 9.23.

NexPoint Diversified Real Estate Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, August 15th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.60 dividend on an annualized basis and a yield of 9.92%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new stake in NexPoint Diversified Real Estate Trust in the third quarter valued at $71,000. The Manufacturers Life Insurance Company lifted its position in NexPoint Diversified Real Estate Trust by 24.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,733 shares of the company’s stock valued at $93,000 after purchasing an additional 3,258 shares during the last quarter. Leonard Rickey Investment Advisors P.L.L.C. acquired a new position in NexPoint Diversified Real Estate Trust during the 2nd quarter valued at about $105,000. BNP Paribas Financial Markets boosted its stake in NexPoint Diversified Real Estate Trust by 79.2% during the 1st quarter. BNP Paribas Financial Markets now owns 16,067 shares of the company’s stock valued at $106,000 after purchasing an additional 7,101 shares during the period. Finally, AQR Capital Management LLC bought a new position in NexPoint Diversified Real Estate Trust in the 2nd quarter worth about $129,000.

NexPoint Diversified Real Estate Trust Company Profile

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.