NexPoint Diversified Real Estate Trust (NYSE:NXDT) Posts Quarterly Earnings Results

NexPoint Diversified Real Estate Trust (NYSE:NXDTGet Free Report) released its quarterly earnings data on Friday. The company reported ($0.46) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $22.88 million during the quarter.

NexPoint Diversified Real Estate Trust Stock Performance

NXDT traded down $0.28 on Friday, reaching $4.78. The company’s stock had a trading volume of 86,104 shares, compared to its average volume of 233,832. The stock has a 50 day moving average of $4.72 and a two-hundred day moving average of $4.13. NexPoint Diversified Real Estate Trust has a fifty-two week low of $2.55 and a fifty-two week high of $5.49.

NexPoint Diversified Real Estate Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 22nd will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 12.5%. The ex-dividend date of this dividend is Friday, May 22nd.

Hedge Funds Weigh In On NexPoint Diversified Real Estate Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nexpoint Asset Management L.P. boosted its holdings in NexPoint Diversified Real Estate Trust by 2.5% in the fourth quarter. Nexpoint Asset Management L.P. now owns 5,028,935 shares of the company’s stock valued at $19,261,000 after purchasing an additional 123,634 shares in the last quarter. Geode Capital Management LLC lifted its stake in NexPoint Diversified Real Estate Trust by 1.1% in the second quarter. Geode Capital Management LLC now owns 958,431 shares of the company’s stock valued at $4,017,000 after buying an additional 10,399 shares during the last quarter. Matisse Capital lifted its stake in NexPoint Diversified Real Estate Trust by 15.2% in the third quarter. Matisse Capital now owns 944,847 shares of the company’s stock valued at $3,486,000 after buying an additional 124,947 shares during the last quarter. State Street Corp lifted its stake in NexPoint Diversified Real Estate Trust by 5.0% in the fourth quarter. State Street Corp now owns 827,560 shares of the company’s stock valued at $3,170,000 after buying an additional 39,632 shares during the last quarter. Finally, TCW Group Inc. lifted its stake in NexPoint Diversified Real Estate Trust by 3.8% in the fourth quarter. TCW Group Inc. now owns 734,487 shares of the company’s stock valued at $2,813,000 after buying an additional 26,911 shares during the last quarter.

Analysts Set New Price Targets

Separately, Wall Street Zen raised NexPoint Diversified Real Estate Trust from a “strong sell” rating to a “sell” rating in a report on Sunday, May 10th.

Check Out Our Latest Report on NexPoint Diversified Real Estate Trust

NexPoint Diversified Real Estate Trust Company Profile

(Get Free Report)

NexPoint Diversified Real Estate Trust (NYSE: NXDT) is a real estate investment trust focused on building a diversified portfolio of commercial properties across the United States. Since commencing operations through its initial public offering in mid-2021, the company has pursued an opportunistic strategy, targeting value-add and well-located assets in key growth markets. Its investment mandate spans multiple property types, including multifamily residential, office, industrial, retail and hospitality, with an emphasis on generating sustainable income and potential for capital appreciation.

The trust is externally managed by NexPoint Advisors, L.P., a real estate investment firm with a track record of sourcing, underwriting and asset-managing commercial properties.

Featured Articles

Receive News & Ratings for NexPoint Diversified Real Estate Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NexPoint Diversified Real Estate Trust and related companies with MarketBeat.com's FREE daily email newsletter.