NexPoint Diversified Real Estate Trust (NYSE:NXDT) Stock Price Down 2.3% – Should You Sell?

Shares of NexPoint Diversified Real Estate Trust (NYSE:NXDT) were down 2.3% during mid-day trading on Tuesday . The company traded as low as $4.42 and last traded at $4.58. Approximately 179,535 shares changed hands during trading, a decline of 50% from the average daily volume of 357,001 shares. The stock had previously closed at $4.69.

NexPoint Diversified Real Estate Trust Trading Down 2.3%

The company has a 50-day moving average of $4.38 and a two-hundred day moving average of $3.78.

NexPoint Diversified Real Estate Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 20th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, February 20th. This represents a $0.60 dividend on an annualized basis and a yield of 13.1%.

Insider Activity

In other news, Director Brian Mitts sold 14,449 shares of the firm’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $4.18, for a total transaction of $60,396.82. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Institutional Investors Weigh In On NexPoint Diversified Real Estate Trust

A number of institutional investors and hedge funds have recently bought and sold shares of NXDT. Odyssean LLC bought a new position in shares of NexPoint Diversified Real Estate Trust in the fourth quarter worth about $151,000. Millennium Management LLC bought a new position in NexPoint Diversified Real Estate Trust in the 4th quarter worth approximately $193,000. IHT Wealth Management LLC purchased a new stake in NexPoint Diversified Real Estate Trust during the 4th quarter valued at approximately $44,000. Claro Advisors Inc. bought a new stake in shares of NexPoint Diversified Real Estate Trust during the fourth quarter valued at approximately $44,000. Finally, Nexpoint Asset Management L.P. boosted its position in shares of NexPoint Diversified Real Estate Trust by 2.5% during the fourth quarter. Nexpoint Asset Management L.P. now owns 5,028,935 shares of the company’s stock worth $19,261,000 after acquiring an additional 123,634 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.