NexPoint Diversified Real Estate Trust (NYSE:NXDT) Insider Paul Richards Acquires 58,500 Shares of Stock

NexPoint Diversified Real Estate Trust (NYSE:NXDT) insider Paul Richards purchased 58,500 shares of the company’s stock in a transaction that occurred on Thursday, April 3rd. The shares were purchased at an average cost of $3.77 per share, for a total transaction of $220,545.00. Following the completion of the transaction, the insider now directly owns 91,830 shares of the company’s stock, valued at $346,199.10. This represents a 175.52 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

NexPoint Diversified Real Estate Trust Price Performance

NexPoint Diversified Real Estate Trust stock opened at $3.61 on Tuesday. NexPoint Diversified Real Estate Trust has a 52 week low of $3.12 and a 52 week high of $7.60. The company’s 50 day moving average price is $4.64 and its two-hundred day moving average price is $5.43.

NexPoint Diversified Real Estate Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, February 28th. This represents a $0.60 dividend on an annualized basis and a yield of 16.62%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Two Sigma Investments LP bought a new stake in shares of NexPoint Diversified Real Estate Trust during the 4th quarter worth $208,000. Quantinno Capital Management LP increased its holdings in NexPoint Diversified Real Estate Trust by 8.2% during the fourth quarter. Quantinno Capital Management LP now owns 30,046 shares of the company’s stock worth $183,000 after buying an additional 2,278 shares during the last quarter. Nuveen Asset Management LLC raised its position in NexPoint Diversified Real Estate Trust by 1.7% in the fourth quarter. Nuveen Asset Management LLC now owns 151,649 shares of the company’s stock worth $925,000 after acquiring an additional 2,511 shares during the period. Deutsche Bank AG boosted its stake in NexPoint Diversified Real Estate Trust by 276.5% in the fourth quarter. Deutsche Bank AG now owns 50,664 shares of the company’s stock valued at $309,000 after acquiring an additional 37,208 shares during the last quarter. Finally, Cetera Investment Advisers boosted its stake in NexPoint Diversified Real Estate Trust by 9.6% in the fourth quarter. Cetera Investment Advisers now owns 26,467 shares of the company’s stock valued at $161,000 after acquiring an additional 2,316 shares during the last quarter.

About NexPoint Diversified Real Estate Trust

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.