NexPoint Diversified Real Estate Trust (NYSE:NXDT – Get Free Report ) insider James D. Dondero bought 9,832 shares of the company's stock in a transaction on Friday, June 28. The shares were acquired at an average price of $5.44 per share, for a total value of $53,486.08. Following the completion of the transaction, the insider now directly owns 258,025 shares of the company's stock, valued at $1,403,656. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink .
NexPoint Diversified Real Estate Trust Price Performance
NXDT shares opened trading at 5.37 on Tuesday. NexPoint Diversified Real Estate Trust has a 12-month low of 4.67 and a 12-month high of 13.07. The company's 50-day moving average is 5.50 and its 200-day moving average is 6.30.
NexPoint Diversified Real Estate Trust Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Wednesday, May 15th were paid a $0.15 dividend, which equates to an annual dividend of $0.60, or a yield of 11.17%. The ex-dividend date was Tuesday, May 14th.
NexPoint Diversified Real Estate Trust Institutional Transactions
Several large investors recently added to or reduced their holdings in NXDT. EJF Capital LLC increased its holdings in shares of NexPoint Diversified Real Estate Trust by 16.5% in the third quarter. EJF Capital LLC bought an additional 40,632 shares during the period and now owns 286,673 shares, valued at $2,497,000. Vanguard Group Inc. increased its holdings in shares of NexPoint Diversified Real Estate Trust by 1.4% in the third quarter. Vanguard Group Inc. bought an additional 43,681 shares during the period and now owns 3,235,585 shares, valued at $28,182,000. Advisor Resource Council purchased a new stake in NexPoint Diversified Real Estate Trust in the fourth quarter worth $429,000. Adams Asset Advisors LLC increased its holdings in NexPoint Diversified Real Estate Trust by 4.7% in the fourth quarter. Adams Asset Advisors LLC now owns 111,300 shares of the company's stock, valued at $885,000, after purchasing an additional 5,000 shares during the period. Finally, SG Americas Securities LLC increased its holdings in NexPoint Diversified Real Estate Trust by 29.5% in the fourth quarter. SG Americas Securities LLC now owns 17,402 shares of the company's stock, valued at $138,000, after purchasing an additional 3,965 shares during the period.
Overview of NexPoint Diversified Real Estate Trust
(Get your free report)
NexPoint Diversified Real Estate Trust (NXDT) is an externally advised diversified real estate investment trust (REIT) whose common stock and 5.50% Series A Cumulative Preferred Stock are 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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