NexPoint Diversified Real Estate Trust (NYSE:NXDT) Sees Significant Drop in Short Interest

NexPoint Diversified Real Estate Trust (NYSE:NXDT) was the recipient of a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 1,077,582 shares, a decrease of 15.2% from the January 29th total of 1,270,450 shares. Based on an average daily volume of 221,357 shares, the days-to-cover ratio is presently 4.9 days. Based on an average daily volume of 221,357 shares, the days-to-cover ratio is presently 4.9 days.

Insiders Place Their Bets

In other NexPoint Diversified Real Estate Trust news, Director Brian Mitts sold 14,449 shares of NexPoint Diversified Real Estate Trust 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 legal filing with the SEC, which is accessible through the SEC website.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Nexpoint Asset Management L.P. lifted its stake in shares of NexPoint Diversified Real Estate Trust by 2.5% in the 4th quarter. Nexpoint Asset Management L.P. now owns 5,028,935 shares of the company’s stock valued at $19,261,000 after purchasing an additional 123,634 shares during the last quarter. Geode Capital Management LLC raised its holdings in NexPoint Diversified Real Estate Trust by 1.1% in the 2nd quarter. Geode Capital Management LLC now owns 958,431 shares of the company’s stock valued at $4,017,000 after buying an additional 10,399 shares during the period. Matisse Capital lifted its position in NexPoint Diversified Real Estate Trust by 15.2% in the third quarter. Matisse Capital now owns 944,847 shares of the company’s stock valued at $3,486,000 after buying an additional 124,947 shares during the last quarter. State Street Corp boosted its stake in NexPoint Diversified Real Estate Trust by 5.0% during the fourth quarter. State Street Corp now owns 827,560 shares of the company’s stock worth $3,170,000 after buying an additional 39,632 shares during the period. Finally, TCW Group Inc. boosted its stake in NexPoint Diversified Real Estate Trust by 3.8% during the fourth quarter. TCW Group Inc. now owns 734,487 shares of the company’s stock worth $2,813,000 after buying an additional 26,911 shares during the period.

NexPoint Diversified Real Estate Trust Trading Down 1.9%

Shares of NXDT traded down $0.09 during mid-day trading on Thursday, reaching $4.63. The stock had a trading volume of 130,251 shares, compared to its average volume of 346,345. NexPoint Diversified Real Estate Trust has a 52-week low of $2.55 and a 52-week high of $5.26. The business’s fifty day moving average is $4.39 and its 200 day moving average is $3.79.

NexPoint Diversified Real Estate Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 20th will be issued 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 dividend yield of 13.0%.

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.