NexPoint Diversified Real Estate Trust (NYSE:NXDT) to Issue Quarterly Dividend of $0.15

NexPoint Diversified Real Estate Trust (NYSE:NXDT) announced a quarterly dividend on Monday, April 27th. Investors of record on Friday, May 22nd will be paid a dividend of 0.15 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 12.0%. The ex-dividend date of this dividend is Friday, May 22nd.

NexPoint Diversified Real Estate Trust Price Performance

Shares of NYSE:NXDT opened at $5.00 on Wednesday. The business’s 50 day simple moving average is $4.62 and its 200 day simple moving average is $4.01. NexPoint Diversified Real Estate Trust has a 1 year low of $2.55 and a 1 year high of $5.26.

NexPoint Diversified Real Estate Trust (NYSE:NXDT) last announced its quarterly earnings data on Tuesday, March 31st. The company reported ($0.75) earnings per share for the quarter. The business had revenue of $18.40 million during the quarter.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC bought a new stake in NexPoint Diversified Real Estate Trust during the first quarter worth $421,000. Strs Ohio acquired a new position in shares of NexPoint Diversified Real Estate Trust during the 1st quarter worth $26,000. Geode Capital Management LLC lifted its position in shares of NexPoint Diversified Real Estate Trust by 1.1% during the 2nd quarter. Geode Capital Management LLC now owns 958,431 shares of the company’s stock worth $4,017,000 after buying an additional 10,399 shares during the last quarter. Cetera Investment Advisers boosted its stake in NexPoint Diversified Real Estate Trust by 10.0% in the second quarter. Cetera Investment Advisers now owns 38,543 shares of the company’s stock valued at $161,000 after buying an additional 3,507 shares in the last quarter. Finally, Invesco Ltd. grew its position in NexPoint Diversified Real Estate Trust by 28.6% in the second quarter. Invesco Ltd. now owns 28,663 shares of the company’s stock valued at $120,000 after acquiring an additional 6,372 shares during the last quarter.

About NexPoint Diversified Real Estate Trust

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.