Sovereign Financial Group Inc. Has $219,000 Position in NexPoint Diversified Real Estate Trust (NYSE:NXDT)

Sovereign Financial Group Inc. grew its position in NexPoint Diversified Real Estate Trust (NYSE:NXDT) by 71.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 35,900 shares of the company’s stock after purchasing an additional 14,994 shares during the period. Sovereign Financial Group Inc.’s holdings in NexPoint Diversified Real Estate Trust were worth $219,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in NexPoint Diversified Real Estate Trust by 130.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 66,870 shares of the company’s stock valued at $418,000 after purchasing an additional 37,891 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of NexPoint Diversified Real Estate Trust during the third quarter worth approximately $85,000. Barclays PLC raised its stake in shares of NexPoint Diversified Real Estate Trust by 237.8% in the third quarter. Barclays PLC now owns 45,072 shares of the company’s stock valued at $281,000 after acquiring an additional 31,731 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of NexPoint Diversified Real Estate Trust by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 879,684 shares of the company’s stock worth $5,500,000 after acquiring an additional 15,507 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its position in NexPoint Diversified Real Estate Trust by 33.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 47,707 shares of the company’s stock worth $298,000 after acquiring an additional 11,934 shares during the last quarter.

NexPoint Diversified Real Estate Trust Trading Up 2.2 %

Shares of NXDT opened at $5.52 on Thursday. The stock has a fifty day moving average price of $5.90 and a two-hundred day moving average price of $5.89. NexPoint Diversified Real Estate Trust has a 52-week low of $4.67 and a 52-week high of $7.60.

NexPoint Diversified Real Estate Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 15th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 10.87%.

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.