Fmr LLC Boosts Stock Position in NexPoint Diversified Real Estate Trust (NYSE:NXDT)

Fmr LLC lifted its stake in NexPoint Diversified Real Estate Trust (NYSE:NXDT) by 15.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,627 shares of the company’s stock after purchasing an additional 2,250 shares during the quarter. Fmr LLC’s holdings in NexPoint Diversified Real Estate Trust were worth $104,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in shares of NexPoint Diversified Real Estate Trust in the 3rd quarter worth $71,000. The Manufacturers Life Insurance Company increased its position in NexPoint Diversified Real Estate Trust by 24.2% during the second quarter. The Manufacturers Life Insurance Company now owns 16,733 shares of the company’s stock worth $93,000 after purchasing an additional 3,258 shares during the last quarter. AQR Capital Management LLC purchased a new position in NexPoint Diversified Real Estate Trust during the second quarter worth about $129,000. Sovereign Financial Group Inc. acquired a new position in NexPoint Diversified Real Estate Trust in the 3rd quarter valued at about $131,000. Finally, First Foundation Advisors boosted its holdings in NexPoint Diversified Real Estate Trust by 20.6% in the 2nd quarter. First Foundation Advisors now owns 50,336 shares of the company’s stock valued at $278,000 after purchasing an additional 8,614 shares during the last quarter.

NexPoint Diversified Real Estate Trust Stock Down 4.4 %

Shares of NexPoint Diversified Real Estate Trust stock opened at $6.76 on Tuesday. NexPoint Diversified Real Estate Trust has a 52 week low of $4.67 and a 52 week high of $8.36. The business’s fifty day simple moving average is $5.77 and its 200-day simple moving average is $5.76.

NexPoint Diversified Real Estate Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 15th will be issued a $0.15 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.60 dividend on an annualized basis and a yield of 8.88%.

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.