Insider Buying: NexPoint Diversified Real Estate Trust (NYSE:NXDT) Insider Purchases 58,500 Shares of Stock

NexPoint Diversified Real Estate Trust (NYSE:NXDT) insider Paul Richards purchased 58,500 shares of the business’s stock in a transaction dated Thursday, April 3rd. The shares were purchased at an average price of $3.77 per share, with a total value of $220,545.00. Following the purchase, the insider now directly owns 91,830 shares in the company, valued at $346,199.10. This trade represents a 175.52 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

NexPoint Diversified Real Estate Trust Stock Up 4.6 %

NYSE NXDT 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 firm’s 50-day simple moving average is $4.64 and its two-hundred day simple moving average is $5.43.

NexPoint Diversified Real Estate Trust Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. boosted its holdings in shares of NexPoint Diversified Real Estate Trust by 6.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 289,358 shares of the company’s stock worth $1,808,000 after acquiring an additional 17,194 shares during the period. FMR LLC lifted its holdings in NexPoint Diversified Real Estate Trust by 15.6% during the 3rd quarter. FMR LLC now owns 16,627 shares of the company’s stock worth $104,000 after purchasing an additional 2,250 shares in the last quarter. Quantinno Capital Management LP boosted its stake in NexPoint Diversified Real Estate Trust by 76.1% in the 3rd quarter. Quantinno Capital Management LP now owns 27,768 shares of the company’s stock worth $174,000 after purchasing an additional 11,998 shares during the period. State Street Corp boosted its stake in NexPoint Diversified Real Estate Trust by 8.2% in the 3rd quarter. State Street Corp now owns 658,882 shares of the company’s stock worth $4,118,000 after purchasing an additional 49,772 shares during the period. Finally, Legacy Investment Solutions LLC purchased a new position in NexPoint Diversified Real Estate Trust during the 3rd quarter valued at about $574,000.

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.