NexPoint Diversified Real Estate Trust (NYSE:NXDT – Get Rating) insider James D. Dondero bought 18,977 shares of the stock in a transaction that occurred on Thursday, June 9th. The shares were purchased at an average cost of 15.30 per share, for a total transaction of 290,348.10. Following the completion of the acquisition, the insider now owns 3,411,289 shares of the company’s stock, valued at 52,192,721.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
NXDT traded down 0.16 during trading on Friday, reaching 15.02. The company had a trading volume of 32,200 shares, compared to its average volume of 123,195. The company has a 50-day moving average of 15.57. NexPoint Diversified Real Estate Trust has a 12-month low of 12.64 and a 12-month high of 16.15.
The business also recently announced a monthly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Thursday, June 23rd will be given a dividend of $0.05 per share. The ex-dividend date is Wednesday, June 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 3.99%.
Several hedge funds have recently modified their holdings of the company. Highland Capital Management Fund Advisors L.P. acquired a new position in shares of NexPoint Diversified Real Estate Trust in the first quarter valued at $28,879,000. Guggenheim Capital LLC bought a new stake in NexPoint Diversified Real Estate Trust in the first quarter valued at $1,256,000. Royal Bank of Canada bought a new stake in shares of NexPoint Diversified Real Estate Trust during the first quarter worth $1,183,000. Advisors Asset Management Inc. bought a new stake in shares of NexPoint Diversified Real Estate Trust during the first quarter worth $347,000. Finally, Kestra Private Wealth Services LLC bought a new stake in shares of NexPoint Diversified Real Estate Trust during the first quarter worth $1,406,000.
About NexPoint Diversified Real Estate Trust (Get Rating)
NexPoint Diversified Real Estate Trust is a closed ended balanced mutual fund launched by Highland Capital Management, L.P. It is managed by Nexpoint Advisors, L.P. The fund invests in the fixed income markets of the United States. It invests in companies across broadly diversified sectors to construct its portfolio.
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