NexPoint Diversified Real Estate Trust (NYSE:NXDT) Shares Down 0.4% – Here’s What Happened

NexPoint Diversified Real Estate Trust (NYSE:NXDT)’s stock price was down 0.4% during mid-day trading on Wednesday . The company traded as low as $5.36 and last traded at $5.3770. Approximately 145,161 shares changed hands during trading, a decline of 30% from the average session volume of 206,479 shares. The stock had previously closed at $5.40.

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 Up 0.2%

The firm’s 50 day moving average price is $5.26 and its two-hundred day moving average price is $4.96.

NexPoint Diversified Real Estate Trust Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.12 annualized dividend and a yield of 2.3%.

Hedge Funds Weigh In On NexPoint Diversified Real Estate Trust

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