Key Points
- Director Arthur Laffer bought 5,101 shares at an average price of $2.74 on Dec. 1, raising his direct stake to 107,636 shares (a 4.97% increase) in a transaction disclosed to the SEC.
- NexPoint declared a quarterly dividend of $0.15 (ex-dividend and record date Nov. 21), payable Dec. 31, which annualizes to $0.60 and implies a 21.9% yield.
- The stock traded at $2.74 (down about 2.3%), near its 52-week low of $2.55, and has seen negative analyst sentiment with Wall Street Zen downgrading it to a "strong sell."
NexPoint Diversified Real Estate Trust (NYSE:NXDT - Get Free Report) Director Arthur Laffer bought 5,101 shares of the company's stock in a transaction on Monday, December 1st. The stock was purchased at an average price of $2.74 per share, with a total value of $13,976.74. Following the completion of the transaction, the director directly owned 107,636 shares of the company's stock, valued at approximately $294,922.64. The trade was a 4.97% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
NexPoint Diversified Real Estate Trust Stock Down 2.3%
NYSE:NXDT traded down $0.07 during mid-day trading on Thursday, hitting $2.74. 4,667 shares of the company's stock were exchanged, compared to its average volume of 220,659. The company has a 50 day simple moving average of $3.23 and a 200-day simple moving average of $3.83. NexPoint Diversified Real Estate Trust has a fifty-two week low of $2.55 and a fifty-two week high of $7.60.
NexPoint Diversified Real Estate Trust Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, November 21st will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a $0.60 annualized dividend and a dividend yield of 21.9%.
Institutional Trading of NexPoint Diversified Real Estate Trust
Several hedge funds have recently modified their holdings of NXDT. Verition Fund Management LLC bought a new position in NexPoint Diversified Real Estate Trust during the third quarter worth $42,000. UBS Group AG increased its position in NexPoint Diversified Real Estate Trust by 1,192.5% in the 3rd quarter. UBS Group AG now owns 303,173 shares of the company's stock valued at $1,119,000 after buying an additional 279,717 shares in the last quarter. BNP Paribas Financial Markets raised its stake in NexPoint Diversified Real Estate Trust by 105.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,202 shares of the company's stock worth $27,000 after buying an additional 3,695 shares during the period. Franklin Resources Inc. acquired a new stake in NexPoint Diversified Real Estate Trust in the third quarter valued at approximately $42,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of NexPoint Diversified Real Estate Trust by 13.9% during the third quarter. JPMorgan Chase & Co. now owns 52,289 shares of the company's stock valued at $193,000 after acquiring an additional 6,401 shares in the last quarter.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen cut NexPoint Diversified Real Estate Trust from a "hold" rating to a "strong sell" rating in a report on Saturday, August 16th.
Check Out Our Latest Report on NXDT
About NexPoint Diversified Real Estate Trust
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
