NexPoint Diversified Real Estate Trust (NYSE:NXDT) Stock Price Down 4.9% – Here’s What Happened

NexPoint Diversified Real Estate Trust (NYSE:NXDT) traded down 4.9% on Monday . The company traded as low as $4.68 and last traded at $4.6880. 77,478 shares changed hands during trading, a decline of 65% from the average session volume of 220,633 shares. The stock had previously closed at $4.93.

Analyst Upgrades and Downgrades

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

NexPoint Diversified Real Estate Trust Stock Down 4.9%

The firm’s 50 day simple moving average is $4.96 and its two-hundred day simple moving average is $4.44.

NexPoint Diversified Real Estate Trust (NYSE:NXDT) last posted its quarterly 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 for the quarter.

NexPoint Diversified Real Estate Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 22nd will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 12.8%. The ex-dividend date of this dividend is Friday, May 22nd.

Institutional Investors Weigh In On NexPoint Diversified Real Estate Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Nexpoint Asset Management L.P. grew its holdings in shares of NexPoint Diversified Real Estate Trust by 2.5% during 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 buying 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% during the second 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 last quarter. State Street Corp grew its holdings in shares of 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 valued at $3,170,000 after buying an additional 39,632 shares during the last quarter. TCW Group Inc. grew its holdings in shares of 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 valued at $2,813,000 after buying an additional 26,911 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of NexPoint Diversified Real Estate Trust by 33.6% during the fourth 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 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.