NexPoint Diversified Real Estate Trust (NYSE:NXDT - Get Free Report) Director Arthur B. Laffer purchased 20,000 shares of the stock in a transaction on Monday, April 8th. The shares were purchased at an average cost of 6.12 per share, with a total value of 122,400.00. Following the transaction, the director now owns 68,276 shares of the company's stock, valued at approximately 417,849.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
NexPoint Diversified Real Estate Trust Price Performance
NXDT stock opened at 6.24 on Thursday. The stock has a 50-day moving average price of 6.40 and a two-hundred day moving average price of 7.40. NexPoint Diversified Real Estate Trust has a 12-month low of 5.82 and a 12-month high of 13.07.
NexPoint Diversified Real Estate Trust Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, February 16th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 9.62%. The ex-dividend date was Thursday, February 15th.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the stock. Quadrature Capital Ltd acquired a new position in shares of NexPoint Diversified Real Estate Trust in the fourth quarter worth about $201,000. Vanguard Group Inc. grew its holdings in shares of NexPoint Diversified Real Estate Trust by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 3,273,881 shares of the company's stock valued at $26,027,000 after purchasing an additional 38,296 shares during the last quarter. Burford Brothers Inc. bought a new position in shares of NexPoint Diversified Real Estate Trust during the fourth quarter valued at approximately $590,000. Barclays PLC grew its holdings in shares of NexPoint Diversified Real Estate Trust by 724.1% during the fourth quarter. Barclays PLC now owns 44,642 shares of the company's stock valued at $355,000 after purchasing an additional 39,225 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its holdings in shares of NexPoint Diversified Real Estate Trust by 5.9% during the fourth quarter. Nuveen Asset Management LLC now owns 94,142 shares of the company's stock valued at $748,000 after purchasing an additional 5,221 shares during the last quarter.
NexPoint Diversified Real Estate Trust Company Profile
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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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