Sovereign Financial Group Inc. Cuts Stake in NexPoint Diversified Real Estate Trust (NYSE:NXDT)

Sovereign Financial Group Inc. reduced its position in NexPoint Diversified Real Estate Trust (NYSE:NXDT) by 20.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 70,750 shares of the company’s stock after selling 18,334 shares during the quarter. Sovereign Financial Group Inc.’s holdings in NexPoint Diversified Real Estate Trust were worth $562,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in shares of NexPoint Diversified Real Estate Trust during the third quarter valued at $117,000. Bank of New York Mellon Corp boosted its holdings in NexPoint Diversified Real Estate Trust by 6.6% in the third quarter. Bank of New York Mellon Corp now owns 227,786 shares of the company’s stock valued at $1,984,000 after purchasing an additional 14,149 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in NexPoint Diversified Real Estate Trust by 68.1% in the third quarter. Nisa Investment Advisors LLC now owns 13,525 shares of the company’s stock valued at $118,000 after purchasing an additional 5,479 shares during the last quarter. Oppenheimer & Co. Inc. boosted its holdings in NexPoint Diversified Real Estate Trust by 1.5% in the third quarter. Oppenheimer & Co. Inc. now owns 229,322 shares of the company’s stock valued at $1,997,000 after purchasing an additional 3,458 shares during the last quarter. Finally, Concorde Asset Management LLC boosted its holdings in NexPoint Diversified Real Estate Trust by 85.3% in the third quarter. Concorde Asset Management LLC now owns 46,050 shares of the company’s stock valued at $401,000 after purchasing an additional 21,200 shares during the last quarter.

Insider Buying and Selling at NexPoint Diversified Real Estate Trust

In other news, Director Arthur B. Laffer acquired 20,000 shares of the firm’s stock in a transaction on Monday, April 8th. The stock was acquired at an average price of 6.12 per share, for a total transaction of 122,400.00. Following the completion of the transaction, the director now owns 68,276 shares in the company, valued at approximately 417,849.12. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

NexPoint Diversified Real Estate Trust Price Performance

NYSE:NXDT traded up 0.03 during mid-day trading on Tuesday, hitting 6.14. The company’s stock had a trading volume of 84,400 shares, compared to its average volume of 124,905. NexPoint Diversified Real Estate Trust has a 1 year low of 5.82 and a 1 year high of 13.07. The business’s fifty day moving average is 6.23 and its two-hundred day moving average is 7.12.

NexPoint Diversified Real Estate Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Wednesday, May 15th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 9.77%. The ex-dividend date is Tuesday, May 14th.

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.