Short Interest in NexPoint Diversified Real Estate Trust (NYSE:NXDT) Decreases By 15.2%

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 trading volume of 221,357 shares, the short-interest ratio is currently 4.9 days. Based on an average trading volume of 221,357 shares, the short-interest ratio is currently 4.9 days.

Insiders Place Their Bets

In other NexPoint Diversified Real Estate Trust news, Director Brian Mitts sold 14,449 shares of the firm’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $4.18, for a total transaction of $60,396.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Hedge Funds Weigh In On NexPoint Diversified Real Estate Trust

A number of institutional investors have recently made changes to their positions in NXDT. Strs Ohio acquired a new stake in shares of NexPoint Diversified Real Estate Trust during the first quarter valued at $26,000. BNP Paribas Financial Markets lifted its holdings in NexPoint Diversified Real Estate Trust by 105.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,202 shares of the company’s stock valued at $27,000 after purchasing an additional 3,695 shares in the last quarter. Verition Fund Management LLC purchased a new position in NexPoint Diversified Real Estate Trust in the 3rd quarter valued at about $42,000. Franklin Resources Inc. acquired a new stake in shares of NexPoint Diversified Real Estate Trust during the 3rd quarter worth about $42,000. Finally, Claro Advisors Inc. purchased a new stake in shares of NexPoint Diversified Real Estate Trust during the fourth quarter worth about $44,000.

NexPoint Diversified Real Estate Trust Trading Down 1.9%

NXDT stock opened at $4.63 on Friday. The company’s 50 day simple moving average is $4.41 and its 200-day simple moving average is $3.79. NexPoint Diversified Real Estate Trust has a 12 month low of $2.55 and a 12 month high of $5.26.

NexPoint Diversified Real Estate Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 20th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 13.0%. The ex-dividend date is Friday, February 20th.

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.