Arthur B. Laffer Purchases 2,595 Shares of NexPoint Diversified Real Estate Trust (NYSE:NXDT) Stock

NexPoint Diversified Real Estate Trust (NYSE:NXDT) Director Arthur B. Laffer bought 2,595 shares of the company’s stock in a transaction on Wednesday, July 3rd. The stock was bought at an average cost of 5.49 per share, for a total transaction of 14,246.55. Following the completion of the acquisition, the director now directly owns 93,652 shares of the company’s stock, valued at approximately 514,149.48. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

NexPoint Diversified Real Estate Trust Price Performance

NexPoint Diversified Real Estate Trust stock opened at 5.25 on Thursday. NexPoint Diversified Real Estate Trust has a 12 month low of 4.67 and a 12 month high of 13.07. The business’s fifty day simple moving average is 5.39 and its two-hundred day simple moving average is 6.20.

NexPoint Diversified Real Estate Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Wednesday, May 15th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 11.43%. The ex-dividend date was Tuesday, May 14th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Baystate Wealth Management LLC bought a new position in shares of NexPoint Diversified Real Estate Trust during the fourth quarter valued at $36,000. Tower Research Capital LLC TRC lifted its holdings in NexPoint Diversified Real Estate Trust by 411.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 9,403 shares of the company’s stock valued at $75,000 after acquiring an additional 7,563 shares during the period. BNP Paribas Financial Markets lifted its holdings in NexPoint Diversified Real Estate Trust by 79.2% in the first quarter. BNP Paribas Financial Markets now owns 16,067 shares of the company’s stock valued at $106,000 after acquiring an additional 7,101 shares during the period. SG Americas Securities LLC lifted its holdings in NexPoint Diversified Real Estate Trust by 29.5% in the fourth quarter. SG Americas Securities LLC now owns 17,402 shares of the company’s stock valued at $138,000 after acquiring an additional 3,965 shares during the period. Finally, Jump Financial LLC bought a new position in NexPoint Diversified Real Estate Trust in the fourth quarter valued at about $174,000.

NexPoint Diversified Real Estate Trust Company Profile

NexPoint Diversified Real Estate Trust (NXDT) is an externally advised diversified real estate investment trust (REIT), with its shares of common stock and 5.50% Series A Cumulative Preferred Shares listed on the New York Stock Exchange under the symbols NXDT and NXDT-PA, respectively. As a diversified REIT, NXDT's primary investment objective is to provide both current income and capital appreciation.