Insider Buying: NexPoint Diversified Real Estate Trust (NYSE:NXDT) Director Acquires 6,762 Shares of Stock

NexPoint Diversified Real Estate Trust (NYSE:NXDTGet Rating) Director Arthur B. Laffer acquired 6,762 shares of NexPoint Diversified Real Estate Trust stock in a transaction on Wednesday, September 21st. The shares were purchased at an average price of 14.79 per share, for a total transaction of 100,009.98. Following the completion of the acquisition, the director now directly owns 45,499 shares in the company, valued at 672,930.21. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

NexPoint Diversified Real Estate Trust Stock Performance

NXDT opened at 14.50 on Friday. The stock’s fifty day moving average is 15.81 and its two-hundred day moving average is 15.61. NexPoint Diversified Real Estate Trust has a 52 week low of 12.80 and a 52 week high of 17.93.

NexPoint Diversified Real Estate Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, September 30th. Stockholders of record on Monday, September 19th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Friday, September 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.14%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Highland Capital Management Fund Advisors L.P. purchased a new position in shares of NexPoint Diversified Real Estate Trust in the 1st quarter valued at $28,879,000. Bank of America Corp DE purchased a new position in shares of NexPoint Diversified Real Estate Trust in the 1st quarter valued at $7,229,000. EJF Capital LLC purchased a new position in shares of NexPoint Diversified Real Estate Trust in the 1st quarter valued at $7,095,000. Camelot Portfolios LLC purchased a new position in shares of NexPoint Diversified Real Estate Trust in the 2nd quarter valued at $6,808,000. Finally, Loomis Sayles & Co. L P purchased a new position in shares of NexPoint Diversified Real Estate Trust in the 2nd quarter valued at $5,630,000.

NexPoint Diversified Real Estate Trust Company Profile

(Get Rating)

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.

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Insider Buying and Selling by Quarter for NexPoint Diversified Real Estate Trust (NYSE:NXDT)

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