NexPoint Diversified Real Estate Trust (NYSE:NXDT) Short Interest Update

NexPoint Diversified Real Estate Trust (NYSE:NXDT) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 302,700 shares, a decline of 22.6% from the August 15th total of 391,000 shares. Based on an average daily volume of 158,500 shares, the days-to-cover ratio is presently 1.9 days. Approximately 0.9% of the shares of the company are sold short.

NexPoint Diversified Real Estate Trust Stock Up 2.4 %

Shares of NXDT stock traded up 0.15 on Tuesday, hitting 6.35. 74,300 shares of the stock traded hands, compared to its average volume of 138,756. NexPoint Diversified Real Estate Trust has a 52 week low of 4.67 and a 52 week high of 9.31. The firm has a 50 day simple moving average of 5.92 and a two-hundred day simple moving average of 5.84.

NexPoint Diversified Real Estate Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, August 15th. This represents a $0.60 dividend on an annualized basis and a yield of 9.45%.

Insider Buying and Selling at NexPoint Diversified Real Estate Trust

In other NexPoint Diversified Real Estate Trust news, insider Matt Mcgraner bought 15,000 shares of NexPoint Diversified Real Estate Trust stock in a transaction on Monday, July 8th. The stock was acquired at an average cost of 5.37 per share, with a total value of 80,550.00. Following the completion of the acquisition, the insider now owns 80,386 shares in the company, valued at 431,672.82. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Matt Mcgraner purchased 15,000 shares of NexPoint Diversified Real Estate Trust stock in a transaction on Monday, July 8th. The stock was acquired at an average price of 5.37 per share, for a total transaction of 80,550.00. Following the completion of the transaction, the insider now directly owns 80,386 shares in the company, valued at approximately 431,672.82. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider James D. Dondero acquired 24,828 shares of the 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 transaction, the insider now owns 232,649 shares in the company, valued at 1,186,509.90. The disclosure for this purchase can be found here. Insiders bought a total of 73,744 shares of company stock worth $379,896 in the last three months.

Hedge Funds Weigh In On NexPoint Diversified Real Estate Trust

A number of hedge funds have recently made changes to their positions in NXDT. BNP Paribas Financial Markets lifted its holdings in NexPoint Diversified Real Estate Trust by 79.2% in the 1st quarter. BNP Paribas Financial Markets now owns 16,067 shares of the company’s stock worth $106,000 after purchasing an additional 7,101 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of NexPoint Diversified Real Estate Trust by 24.2% in the second quarter. The Manufacturers Life Insurance Company now owns 16,733 shares of the company’s stock worth $93,000 after buying an additional 3,258 shares in the last quarter. Leonard Rickey Investment Advisors P.L.L.C. bought a new position in shares of NexPoint Diversified Real Estate Trust during the second quarter worth $105,000. Jump Financial LLC purchased a new position in NexPoint Diversified Real Estate Trust during the fourth quarter valued at $174,000. Finally, AQR Capital Management LLC bought a new stake in NexPoint Diversified Real Estate Trust in the 2nd quarter valued at $129,000.

About NexPoint Diversified Real Estate Trust

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.