Nations Financial Group Inc. IA ADV Grows Holdings in NexPoint Diversified Real Estate Trust (NYSE:NXDT)

Nations Financial Group Inc. IA ADV increased its position in shares of NexPoint Diversified Real Estate Trust (NYSE:NXDT) by 3.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 236,994 shares of the company’s stock after purchasing an additional 8,359 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in NexPoint Diversified Real Estate Trust were worth $908,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in NXDT. Avantax Advisory Services Inc. bought a new position in NexPoint Diversified Real Estate Trust during the first quarter worth $44,000. Jump Financial LLC bought a new position in NexPoint Diversified Real Estate Trust during the fourth quarter worth $61,000. Price T Rowe Associates Inc. MD lifted its stake in NexPoint Diversified Real Estate Trust by 23.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,916 shares of the company’s stock worth $85,000 after purchasing an additional 2,641 shares during the last quarter. XTX Topco Ltd bought a new position in NexPoint Diversified Real Estate Trust during the first quarter worth $134,000. Finally, Cetera Investment Advisers lifted its stake in NexPoint Diversified Real Estate Trust by 9.6% during the fourth quarter. Cetera Investment Advisers now owns 26,467 shares of the company’s stock worth $161,000 after purchasing an additional 2,316 shares during the last quarter.

Insiders Place Their Bets

In related news, Director Arthur B. Laffer bought 5,250 shares of the company’s stock in a transaction on Wednesday, July 9th. The shares were purchased at an average cost of $4.80 per share, with a total value of $25,200.00. Following the completion of the transaction, the director directly owned 97,237 shares of the company’s stock, valued at approximately $466,737.60. This represents a 5.71% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders acquired 41,364 shares of company stock valued at $174,224 over the last quarter.

NexPoint Diversified Real Estate Trust Stock Down 2.0%

Shares of NYSE NXDT opened at $3.98 on Friday. NexPoint Diversified Real Estate Trust has a 1-year low of $3.12 and a 1-year high of $7.60. The business’s fifty day moving average price is $4.43 and its two-hundred day moving average price is $4.25.

NexPoint Diversified Real Estate Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Thursday, August 14th will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $0.60 annualized dividend and a yield of 15.1%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut NexPoint Diversified Real Estate Trust from a “hold” rating to a “strong sell” rating in a research note on Saturday.

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.