GatePass Capital LLC Reduces Holdings in NexPoint Diversified Real Estate Trust $NXDT

GatePass Capital LLC trimmed its stake in shares of NexPoint Diversified Real Estate Trust (NYSE:NXDT) by 61.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 141,249 shares of the company’s stock after selling 220,794 shares during the quarter. GatePass Capital LLC’s holdings in NexPoint Diversified Real Estate Trust were worth $660,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Nexpoint Asset Management L.P. lifted its position in NexPoint Diversified Real Estate Trust by 2.5% in the fourth 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 grew its holdings in shares of NexPoint Diversified Real Estate Trust by 1.1% in the second quarter. Geode Capital Management LLC now owns 958,431 shares of the company’s stock worth $4,017,000 after purchasing an additional 10,399 shares during the last quarter. State Street Corp grew its holdings in shares of NexPoint Diversified Real Estate Trust by 5.0% in the fourth quarter. State Street Corp now owns 827,560 shares of the company’s stock worth $3,170,000 after purchasing an additional 39,632 shares during the last quarter. TCW Group Inc. increased its stake in shares of NexPoint Diversified Real Estate Trust by 3.8% in 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. Finally, Charles Schwab Investment Management Inc. raised its holdings in NexPoint Diversified Real Estate Trust by 33.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 372,444 shares of the company’s stock valued at $1,426,000 after buying an additional 93,580 shares during the last quarter.

NexPoint Diversified Real Estate Trust Stock Performance

Shares of NXDT opened at $5.64 on Friday. NexPoint Diversified Real Estate Trust has a one year low of $2.55 and a one year high of $5.95. The company has a 50-day simple moving average of $5.07 and a two-hundred day simple moving average of $4.73.

NexPoint Diversified Real Estate Trust (NYSE:NXDT) last posted its earnings results on Friday, May 15th. The company reported ($0.46) earnings per share for the quarter. The business had revenue of $22.88 million during the quarter.

NexPoint Diversified Real Estate Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, May 22nd were given a dividend of $0.15 per share. The ex-dividend date was Friday, May 22nd. This represents a $0.60 annualized dividend and a dividend yield of 10.6%.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of NexPoint Diversified Real Estate Trust from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd.

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.