NexPoint Diversified Real Estate Trust (NYSE:NXDT - Get Free Report) insider James D. Dondero bought 100,000 shares of NexPoint Diversified Real Estate Trust stock in a transaction that occurred on Tuesday, April 8th. The shares were acquired at an average cost of $4.08 per share, for a total transaction of $408,000.00. Following the acquisition, the insider now owns 383,477 shares in the company, valued at $1,564,586.16. The trade was a 35.28 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.
NexPoint Diversified Real Estate Trust Stock Performance
Shares of NXDT stock opened at $3.50 on Tuesday. The business has a 50-day moving average of $4.42 and a 200 day moving average of $5.32. NexPoint Diversified Real Estate Trust has a 1-year low of $3.12 and a 1-year high of $7.60.
NexPoint Diversified Real Estate Trust Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 17.14%. The ex-dividend date was Friday, February 28th.
Institutional Investors Weigh In On NexPoint Diversified Real Estate Trust
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NXDT. Jump Financial LLC purchased a new position in shares of NexPoint Diversified Real Estate Trust in the fourth quarter valued at about $61,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of NexPoint Diversified Real Estate Trust in the fourth quarter worth about $71,000. Virtu Financial LLC purchased a new position in NexPoint Diversified Real Estate Trust during the 3rd quarter valued at about $85,000. Price T Rowe Associates Inc. MD raised its position in NexPoint Diversified Real Estate Trust by 23.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,916 shares of the company's stock valued at $85,000 after purchasing an additional 2,641 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. purchased a new stake in NexPoint Diversified Real Estate Trust in the 4th quarter worth approximately $90,000.
About NexPoint Diversified Real Estate Trust
(
Get Free Report)
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.
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