NexPoint Diversified Real Estate Trust (NYSE:NXDT) Short Interest Up 46.0% in December

NexPoint Diversified Real Estate Trust (NYSE:NXDT) was the target of a large growth in short interest in December. As of December 15th, there was short interest totaling 1,273,934 shares, a growth of 46.0% from the November 30th total of 872,272 shares. Based on an average daily volume of 487,972 shares, the days-to-cover ratio is currently 2.6 days. Based on an average daily volume of 487,972 shares, the days-to-cover ratio is currently 2.6 days.

Insiders Place Their Bets

In other NexPoint Diversified Real Estate Trust news, Director Brian Mitts sold 14,449 shares of the business’s stock in a transaction dated 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 Securities & Exchange Commission, which is available at this link.

Hedge Funds Weigh In On NexPoint Diversified Real Estate Trust

Institutional investors have recently modified their holdings of the business. Concorde Asset Management LLC lifted its holdings in shares of NexPoint Diversified Real Estate Trust by 18.1% in the first quarter. Concorde Asset Management LLC now owns 291,168 shares of the company’s stock worth $1,208,000 after acquiring an additional 44,586 shares during the last quarter. MADDEN SECURITIES Corp acquired a new position in NexPoint Diversified Real Estate Trust during the 2nd quarter worth approximately $883,000. Cubist Systematic Strategies LLC bought a new position in NexPoint Diversified Real Estate Trust in the 1st quarter valued at approximately $553,000. Nuveen LLC acquired a new stake in NexPoint Diversified Real Estate Trust in the first quarter valued at approximately $463,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of NexPoint Diversified Real Estate Trust during the second quarter worth $344,000.

NexPoint Diversified Real Estate Trust Price Performance

Shares of NYSE:NXDT traded up $0.13 during midday trading on Wednesday, hitting $3.83. The stock had a trading volume of 645,571 shares, compared to its average volume of 245,309. The company’s 50-day moving average price is $3.22 and its 200-day moving average price is $3.80. NexPoint Diversified Real Estate Trust has a fifty-two week low of $2.55 and a fifty-two week high of $6.21.

NexPoint Diversified Real Estate Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, November 21st will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 15.6%. The ex-dividend date of this dividend is Friday, November 21st.

About NexPoint Diversified Real Estate Trust

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.