NexPoint Diversified Real Estate Trust (NYSE:NXDT – Get Free Report) insider James D. Dondero purchased 24,828 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The shares were bought at an average cost of 5.10 per share, for a total transaction of 126,622.80. Following the completion of the purchase, the insider now directly owns 232,649 shares of the company’s stock, valued at 1,186,509.90. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
NexPoint Diversified Real Estate Trust Price Performance
NXDT opened at 5.20 on Friday. NexPoint Diversified Real Estate Trust has a one year low of 4.67 and a one year high of 13.07. The company’s 50 day simple moving average is 5.54 and its 200-day simple moving average is 6.37.
NexPoint Diversified Real Estate Trust Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Wednesday, May 15th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.60 annualized dividend and a yield of 11.54%.
Hedge Funds Weigh In On NexPoint Diversified Real Estate Trust
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.
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