Charles Schwab Investment Management Inc. Increases Stock Holdings in NexPoint Diversified Real Estate Trust (NYSE:NXDT)

Charles Schwab Investment Management Inc. increased its stake in shares of NexPoint Diversified Real Estate Trust (NYSE:NXDT) by 6.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 289,358 shares of the company’s stock after purchasing an additional 17,194 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in NexPoint Diversified Real Estate Trust were worth $1,808,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in NXDT. The Manufacturers Life Insurance Company boosted its position in shares of 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 valued at $93,000 after buying an additional 3,258 shares during the period. First Foundation Advisors boosted its holdings in NexPoint Diversified Real Estate Trust by 20.6% during the 2nd quarter. First Foundation Advisors now owns 50,336 shares of the company’s stock valued at $278,000 after acquiring an additional 8,614 shares during the period. Nisa Investment Advisors LLC grew its position in NexPoint Diversified Real Estate Trust by 94.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 27,243 shares of the company’s stock valued at $151,000 after acquiring an additional 13,228 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in NexPoint Diversified Real Estate Trust by 6.0% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 35,238 shares of the company’s stock worth $195,000 after purchasing an additional 1,982 shares during the period. Finally, Sovereign Financial Group Inc. bought a new stake in shares of NexPoint Diversified Real Estate Trust during the third quarter worth $131,000.

NexPoint Diversified Real Estate Trust Price Performance

Shares of NXDT opened at 6.48 on Tuesday. The firm has a fifty day moving average price of 5.69 and a 200-day moving average price of 5.72. NexPoint Diversified Real Estate Trust has a 12-month low of 4.67 and a 12-month high of 8.36.

NexPoint Diversified Real Estate Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 15th will be paid 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 9.26%.

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.