NexPoint Diversified Real Estate Trust (NYSE:NXDT – Get Free Report) declared a quarterly dividend on Monday, July 27th. Stockholders of record on Tuesday, September 15th will be given a dividend of 0.03 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 15th.
NexPoint Diversified Real Estate Trust Stock Performance
Shares of NXDT opened at $5.33 on Friday. The stock has a fifty day moving average price of $5.26 and a 200 day moving average price of $4.97. NexPoint Diversified Real Estate Trust has a 12 month low of $2.55 and a 12 month high of $5.95.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. Strs Ohio purchased a new position in NexPoint Diversified Real Estate Trust in the 1st quarter worth about $26,000. BNP Paribas Financial Markets increased its holdings in NexPoint Diversified Real Estate Trust by 105.4% in the third quarter. BNP Paribas Financial Markets now owns 7,202 shares of the company’s stock worth $27,000 after buying an additional 3,695 shares during the last quarter. Copley Financial Group Inc. acquired a new stake in shares of NexPoint Diversified Real Estate Trust in the 1st quarter valued at $49,000. Verition Fund Management LLC acquired a new stake in shares of NexPoint Diversified Real Estate Trust in the third quarter worth about $42,000. Finally, Claro Advisors Inc. acquired a new stake in NexPoint Diversified Real Estate Trust in the 4th quarter worth approximately $44,000.
NexPoint Diversified Real Estate Trust Company Profile
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.
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