Sovereign Financial Group Inc. Has $562,000 Position in NexPoint Diversified Real Estate Trust (NYSE:NXDT)

Sovereign Financial Group Inc. lowered its holdings in NexPoint Diversified Real Estate Trust (NYSE:NXDT) by 20.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor 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 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Advisor Resource Council bought a new position in NexPoint Diversified Real Estate Trust in the fourth quarter valued at about $429,000. SG Americas Securities LLC boosted its holdings in NexPoint Diversified Real Estate Trust by 29.5% in the fourth quarter. SG Americas Securities LLC now owns 17,402 shares of the company’s stock valued at $138,000 after acquiring an additional 3,965 shares during the last quarter. Adams Asset Advisors LLC boosted its holdings in NexPoint Diversified Real Estate Trust by 4.7% in the fourth quarter. Adams Asset Advisors LLC now owns 111,300 shares of the company’s stock valued at $885,000 after acquiring an additional 5,000 shares during the last quarter. Vanguard Group Inc. boosted its holdings in NexPoint Diversified Real Estate Trust by 1.4% in the third quarter. Vanguard Group Inc. now owns 3,235,585 shares of the company’s stock valued at $28,182,000 after acquiring an additional 43,681 shares during the last quarter. Finally, 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 acquiring an additional 3,458 shares during the last quarter.

NexPoint Diversified Real Estate Trust Price Performance

NXDT traded up 0.03 during midday trading on Tuesday, reaching 6.14. 84,400 shares of the company were exchanged, compared to its average volume of 124,905. NexPoint Diversified Real Estate Trust has a one year low of 5.82 and a one year high of 13.07. The stock’s 50-day simple moving average is 6.23 and its 200 day simple moving average is 7.12.

NexPoint Diversified Real Estate Trust Announces Dividend

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

Insider Activity

In other news, Director Arthur B. Laffer bought 20,000 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The shares were acquired at an average price of 6.12 per share, with a total value of 122,400.00. Following the transaction, the director now owns 68,276 shares in the company, valued at 417,849.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NexPoint Diversified Real Estate Trust 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.