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

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

NexPoint Diversified Real Estate Trust Trading Down 5.5%

Shares of NYSE NXDT traded down $0.28 during mid-day trading on Friday, hitting $4.78. 86,104 shares of the stock traded hands, compared to its average volume of 233,832. NexPoint Diversified Real Estate Trust has a 52 week low of $2.55 and a 52 week high of $5.49. The stock has a fifty day moving average price of $4.72 and a 200-day moving average price of $4.13.

NexPoint Diversified Real Estate Trust Dividend Announcement

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

Hedge Funds Weigh In On NexPoint Diversified Real Estate Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in NXDT. Quantinno Capital Management LP lifted its position in NexPoint Diversified Real Estate Trust by 422.2% during the 1st quarter. Quantinno Capital Management LP now owns 70,204 shares of the company’s stock valued at $328,000 after acquiring an additional 56,761 shares during the period. Copley Financial Group Inc. purchased a new stake in NexPoint Diversified Real Estate Trust in the first quarter worth about $49,000. Public Employees Retirement System of Ohio increased its stake in shares of NexPoint Diversified Real Estate Trust by 239.4% during the first quarter. Public Employees Retirement System of Ohio now owns 41,789 shares of the company’s stock valued at $195,000 after purchasing an additional 29,476 shares in the last quarter. Sovereign Financial Group Inc. lifted its holdings in shares of NexPoint Diversified Real Estate Trust by 29.9% during the first quarter. Sovereign Financial Group Inc. now owns 30,465 shares of the company’s stock valued at $142,000 after purchasing an additional 7,016 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV lifted its holdings in shares of NexPoint Diversified Real Estate Trust by 1.7% during the first quarter. Nations Financial Group Inc. IA ADV now owns 168,246 shares of the company’s stock valued at $786,000 after purchasing an additional 2,821 shares during the last quarter.

Analyst Ratings Changes

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

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.