NexPoint Diversified Real Estate Trust (NYSE:NXDT) Stock Falls 2.6% – Time to Sell?

Shares of NexPoint Diversified Real Estate Trust (NYSE:NXDT) were down 2.6% on Monday. The stock traded as low as $5.10 and last traded at $5.16. 139,452 shares changed hands during mid-day trading, a decline of 31% from the average session volume of 202,021 shares. The stock had previously closed at $5.30.

NexPoint Diversified Real Estate Trust Stock Down 0.8%

The stock has a fifty day moving average price of $5.18 and a 200-day moving average price of $5.04.

NexPoint Diversified Real Estate Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Tuesday, September 15th. This is a decrease from NexPoint Diversified Real Estate Trust’s previous quarterly dividend of $0.15.

Institutional Trading of NexPoint Diversified Real Estate Trust

Several hedge funds and other institutional investors have recently made changes to their positions in NXDT. Copley Financial Group Inc. purchased a new position in NexPoint Diversified Real Estate Trust during the first quarter worth about $49,000. HighTower Advisors LLC acquired a new position in NexPoint Diversified Real Estate Trust during the 2nd quarter worth approximately $83,000. Sovereign Financial Group Inc. raised its stake in shares of NexPoint Diversified Real Estate Trust by 29.9% during the 1st quarter. Sovereign Financial Group Inc. now owns 30,465 shares of the company’s stock worth $142,000 after buying an additional 7,016 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of NexPoint Diversified Real Estate Trust by 239.4% in the 1st quarter. Public Employees Retirement System of Ohio now owns 41,789 shares of the company’s stock valued at $195,000 after buying an additional 29,476 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of NexPoint Diversified Real Estate Trust by 36.5% in the 1st quarter. Bank of America Corp DE now owns 57,717 shares of the company’s stock valued at $270,000 after buying an additional 15,426 shares during the period.

NexPoint Diversified Real Estate Trust Company Profile

NexPoint Diversified Real Estate Trust (NYSE:NXDT) is a publicly traded real estate investment trust that owns and manages a diversified portfolio of real estate and real estate-related investments. The company seeks to generate income and long-term value through investments in properties and real estate operating businesses across multiple property types.

NXDT’s investment activities may include direct and indirect ownership of commercial real estate, as well as debt and equity investments connected to the real estate sector.