Paul Richards Acquires 58,500 Shares of NexPoint Diversified Real Estate Trust (NYSE:NXDT) Stock

NexPoint Diversified Real Estate Trust (NYSE:NXDT) insider Paul Richards purchased 58,500 shares of NexPoint Diversified Real Estate Trust stock in a transaction dated Thursday, April 3rd. The stock was bought at an average price of $3.77 per share, with a total value of $220,545.00. Following the completion of the transaction, the insider now owns 91,830 shares of the company’s stock, valued at $346,199.10. This represents a 175.52 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

NexPoint Diversified Real Estate Trust Stock Performance

Shares of NYSE NXDT opened at $4.08 on Wednesday. NexPoint Diversified Real Estate Trust has a 52 week low of $3.12 and a 52 week high of $7.60. The business has a 50-day simple moving average of $4.59 and a two-hundred day simple moving average of $5.40.

NexPoint Diversified Real Estate Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were given a $0.15 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 14.71%.

Hedge Funds Weigh In On NexPoint Diversified Real Estate Trust

Several hedge funds have recently bought and sold shares of NXDT. Jump Financial LLC bought a new position in NexPoint Diversified Real Estate Trust in the 4th quarter valued at $61,000. Dynamic Technology Lab Private Ltd bought a new position in shares of NexPoint Diversified Real Estate Trust in the fourth quarter worth $71,000. Virtu Financial LLC purchased a new stake in shares of NexPoint Diversified Real Estate Trust in the third quarter worth $85,000. Price T Rowe Associates Inc. MD boosted its stake in NexPoint Diversified Real Estate Trust by 23.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,916 shares of the company’s stock valued at $85,000 after buying an additional 2,641 shares during the period. Finally, SG Americas Securities LLC grew its position in NexPoint Diversified Real Estate Trust by 24.7% during the fourth quarter. SG Americas Securities LLC now owns 14,185 shares of the company’s stock worth $87,000 after buying an additional 2,814 shares in the last quarter.

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.