Brian Mitts Sells 14,449 Shares of NexPoint Diversified Real Estate Trust (NYSE:NXDT) Stock

NexPoint Diversified Real Estate Trust (NYSE:NXDT) Director Brian Mitts sold 14,449 shares of the stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $4.18, for a total value of $60,396.82. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

NexPoint Diversified Real Estate Trust Stock Performance

NXDT stock opened at $3.82 on Wednesday. NexPoint Diversified Real Estate Trust has a 1 year low of $2.55 and a 1 year high of $6.80. The stock’s fifty day moving average price is $3.18 and its 200-day moving average price is $3.80.

NexPoint Diversified Real Estate Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, November 21st will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 15.7%. The ex-dividend date is Friday, November 21st.

Institutional Trading of NexPoint Diversified Real Estate Trust

Several large investors have recently added to or reduced their stakes in NXDT. Sumitomo Mitsui Trust Group Inc. increased its holdings in NexPoint Diversified Real Estate Trust by 7.3% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 37,031 shares of the company’s stock valued at $155,000 after buying an additional 2,507 shares during the last quarter. BTG Pactual Asset Management US LLC increased its stake in shares of NexPoint Diversified Real Estate Trust by 3.5% in the 2nd quarter. BTG Pactual Asset Management US LLC now owns 83,814 shares of the company’s stock worth $351,000 after purchasing an additional 2,817 shares in the last quarter. Raymond James Financial Inc. increased its stake in shares of NexPoint Diversified Real Estate Trust by 4.6% in the 2nd quarter. Raymond James Financial Inc. now owns 77,916 shares of the company’s stock worth $326,000 after purchasing an additional 3,399 shares in the last quarter. Cetera Investment Advisers raised its holdings in NexPoint Diversified Real Estate Trust by 10.0% in the 2nd quarter. Cetera Investment Advisers now owns 38,543 shares of the company’s stock worth $161,000 after purchasing an additional 3,507 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in NexPoint Diversified Real Estate Trust by 105.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,202 shares of the company’s stock worth $27,000 after purchasing an additional 3,695 shares during the period.

NexPoint Diversified Real Estate Trust Company Profile

NexPoint Diversified Real Estate Trust (NYSE: NXDT) is a real estate investment trust focused on building a diversified portfolio of commercial properties across the United States. Since commencing operations through its initial public offering in mid-2021, the company has pursued an opportunistic strategy, targeting value-add and well-located assets in key growth markets. Its investment mandate spans multiple property types, including multifamily residential, office, industrial, retail and hospitality, with an emphasis on generating sustainable income and potential for capital appreciation.

The trust is externally managed by NexPoint Advisors, L.P., a real estate investment firm with a track record of sourcing, underwriting and asset-managing commercial properties.