NexPoint Diversified Real Estate Trust (NYSE:NXDT – Get Free Report) shares dropped 1% on Wednesday . The stock traded as low as $5.21 and last traded at $5.2670. Approximately 107,664 shares changed hands during trading, a decline of 50% from the average session volume of 215,562 shares. The stock had previously closed at $5.32.
Analysts Set New Price Targets
Separately, Wall Street Zen raised shares of NexPoint Diversified Real Estate Trust from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd.
Read Our Latest Research Report on NexPoint Diversified Real Estate Trust
NexPoint Diversified Real Estate Trust Stock Performance
NexPoint Diversified Real Estate Trust (NYSE:NXDT – Get Free Report) last announced its earnings results on Friday, May 15th. The company reported ($0.46) earnings per share (EPS) for the quarter. The company had revenue of $22.88 million during the quarter.
NexPoint Diversified Real Estate Trust Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, May 22nd were paid a dividend of $0.15 per share. The ex-dividend date was Friday, May 22nd. This represents a $0.60 annualized dividend and a yield of 11.5%.
Institutional Trading of NexPoint Diversified Real Estate Trust
Several institutional investors have recently made changes to their positions in the company. Bank of America Corp DE lifted its position in shares of NexPoint Diversified Real Estate Trust by 36.5% during the first quarter. Bank of America Corp DE now owns 57,717 shares of the company’s stock valued at $270,000 after purchasing an additional 15,426 shares in the last quarter. Quantinno Capital Management LP grew its position in NexPoint Diversified Real Estate Trust by 422.2% in the 1st quarter. Quantinno Capital Management LP now owns 70,204 shares of the company’s stock worth $328,000 after purchasing an additional 56,761 shares in the last quarter. Copley Financial Group Inc. bought a new stake in NexPoint Diversified Real Estate Trust in the 1st quarter worth about $49,000. Public Employees Retirement System of Ohio increased its stake in NexPoint Diversified Real Estate Trust by 239.4% in the 1st quarter. Public Employees Retirement System of Ohio now owns 41,789 shares of the company’s stock valued at $195,000 after buying an additional 29,476 shares during the last quarter. Finally, Sovereign Financial Group Inc. increased its stake in NexPoint Diversified Real Estate Trust by 29.9% in the 1st quarter. Sovereign Financial Group Inc. now owns 30,465 shares of the company’s stock valued at $142,000 after buying an additional 7,016 shares during the last quarter.
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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