Morgan Stanley Smith Barney LLC recently announced the acquisition of new stake in NexPoint Diversified Real Estate Trust (NYSE:NXDT). The institutional investor has increased its shareholding in the Financial company by 0.34% to 1.94 million shares with purchase of 6629.0 shares. This fresh investment now brings its stake to 5.22% valued currently at $21.74 million. In addition, Thomas J. Herzfeld Advisors, Inc. raised its holdings by 14703.0 to 1.54 million shares.
With over 0.14 million NexPoint Diversified Real Estate Trust (NXDT) shares trading Friday and a closing price of $12.34 on the day, the dollar volume was approximately $1.74 million. The shares have shown a negative half year performance of -20.69% and its price on 01/20/23 gained nearly 3.01%. Currently, there are 37.17M common shares owned by the public and among those 28.52M shares have been available to trade.
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Insiders at the company have transacted a total of 23 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 23 of these insider trades were purchases, accounting for 566,077 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in NexPoint Diversified Real Estate Trust are Vanguard Real Estate Index Fund, Vanguard Total Stock Market Index, and Matisse Discounted Closed End Fun. Vanguard Real Estate Index Fund owns 1.41 million shares of the company’s stock, all valued at over $15.75 million. The company sold 19670.0 shares recently to bring their total holdings to about 3.78% of the shares outstanding. Matisse Discounted Closed End Fun sold 97867.0 shares to bring its total holdings to over 0.75 million shares at a value of $8.43 million. Matisse Discounted Closed End Fun now owns shares totaling to 2.02% of the shares outstanding.
Shares of NexPoint Diversified Real Estate Trust (NYSE: NXDT) opened at $11.97, down -$0.01 from a prior closing price of $11.98. However, the script later moved the day high at 12.37, up 3.01%. The company’s stock has a 5-day price change of 5.20% and 2.32% over the past three months. NXDT shares are trading 10.08% year to date (YTD), with the 12-month market performance down to -9.33% lower. It has a 12-month low price of $10.79 and touched a high of $17.93 over the same period. NXDT has an average intraday trading volume of 257.05K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 7.29%, -1.67%, and -14.25% respectively.
Institutional ownership of NexPoint Diversified Real Estate Trust (NYSE: NXDT) shares accounts for 63.70% of the company’s 37.17M shares outstanding. Mutual fund holders own 18.39%, while other institutional holders and individual stakeholders account for 29.39% and 13.96% respectively.
It has a market capitalization of $445.35M and a beta (3y monthly) value of 0.97. The stock’s trailing 12-month PE ratio is 2.22, while the earnings-per-share (ttm) stands at $5.55. The company has a debt-to-equity ratio at 0.17. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.42% over the week and 3.28% over the month.
The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0.
