Legacy Investment Solutions LLC Invests $344,000 in NexPoint Diversified Real Estate Trust $NXDT

Legacy Investment Solutions LLC purchased a new stake in NexPoint Diversified Real Estate Trust (NYSE:NXDT) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 82,004 shares of the company’s stock, valued at approximately $344,000.

Other institutional investors have also recently bought and sold shares of the company. Avantax Advisory Services Inc. bought a new position in NexPoint Diversified Real Estate Trust in the 1st quarter valued at $44,000. XTX Topco Ltd bought a new stake in shares of NexPoint Diversified Real Estate Trust during the first quarter worth $134,000. Concorde Asset Management LLC lifted its stake in shares of NexPoint Diversified Real Estate Trust by 18.1% during the first quarter. Concorde Asset Management LLC now owns 291,168 shares of the company’s stock valued at $1,208,000 after acquiring an additional 44,586 shares during the period. MADDEN SECURITIES Corp bought a new position in NexPoint Diversified Real Estate Trust in the second quarter valued at about $883,000. Finally, Nations Financial Group Inc. IA ADV boosted its holdings in NexPoint Diversified Real Estate Trust by 3.7% in the first quarter. Nations Financial Group Inc. IA ADV now owns 236,994 shares of the company’s stock valued at $908,000 after acquiring an additional 8,359 shares during the last quarter.

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 report on Saturday, August 16th.

NexPoint Diversified Real Estate Trust Stock Performance

NYSE:NXDT opened at $2.92 on Friday. NexPoint Diversified Real Estate Trust has a 12-month low of $2.88 and a 12-month high of $7.60. The stock’s fifty day simple moving average is $3.59 and its 200-day simple moving average is $3.91.

NexPoint Diversified Real Estate Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, November 21st will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 20.6%. The ex-dividend date is Friday, November 21st.

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.