NexPoint Diversified Real Estate Trust (NYSE:NXDT – Get 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
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
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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