Raymond James & Associates Sells 17,088 Shares of NexPoint Diversified Real Estate Trust (NYSE:NXDT)

Raymond James & Associates trimmed its stake in NexPoint Diversified Real Estate Trust (NYSE:NXDT) by 15.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 93,510 shares of the company’s stock after selling 17,088 shares during the period. Raymond James & Associates’ holdings in NexPoint Diversified Real Estate Trust were worth $743,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of NexPoint Diversified Real Estate Trust by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 3,235,585 shares of the company’s stock worth $28,182,000 after buying an additional 43,681 shares during the last quarter. EJF Capital LLC increased its stake in NexPoint Diversified Real Estate Trust by 16.5% in the third quarter. EJF Capital LLC now owns 286,673 shares of the company’s stock valued at $2,497,000 after acquiring an additional 40,632 shares during the last quarter. Oppenheimer & Co. Inc. raised its position in NexPoint Diversified Real Estate Trust by 1.5% during the third quarter. Oppenheimer & Co. Inc. now owns 229,322 shares of the company’s stock valued at $1,997,000 after purchasing an additional 3,458 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in NexPoint Diversified Real Estate Trust by 6.6% during the third quarter. Bank of New York Mellon Corp now owns 227,786 shares of the company’s stock worth $1,984,000 after purchasing an additional 14,149 shares during the last quarter. Finally, Adams Asset Advisors LLC lifted its stake in NexPoint Diversified Real Estate Trust by 4.7% during the fourth quarter. Adams Asset Advisors LLC now owns 111,300 shares of the company’s stock worth $885,000 after purchasing an additional 5,000 shares during the last quarter.

NexPoint Diversified Real Estate Trust Trading Up 0.6 %

Shares of NexPoint Diversified Real Estate Trust stock opened at 6.55 on Wednesday. The business’s 50-day moving average price is 6.33 and its 200-day moving average price is 7.26. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, February 16th were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 9.16%.

Insider Activity

In other NexPoint Diversified Real Estate Trust news, Director Arthur B. Laffer purchased 20,000 shares of the stock in a transaction on Monday, April 8th. The stock was acquired at an average cost of 6.12 per share, with a total value of 122,400.00. Following the completion of the purchase, the director now directly owns 68,276 shares of the company’s stock, valued at approximately 417,849.12. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

NexPoint Diversified Real Estate Trust Company Profile

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.