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Paul Richards, the Chief Financial Officer of NexPoint Diversified Real Estate Trust (NYSE:NXDT), has recently made significant stock purchases, according to a recent filing with the Securities and Exchange Commission. On April 3 and April 4, Richards acquired a total of 67,000 shares of the company's common stock. The transactions were completed at prices ranging from $3.46 to $3.77 per share, amounting to an investment of approximately $249,955. These purchases come as the stock trades near its 52-week low of $3.12, having declined about 39% year-to-date. According to InvestingPro, the stock's RSI suggests oversold conditions, while maintaining an impressive 16.8% dividend yield.
Additionally, Richards executed an option exercise on April 4, acquiring 5,597 shares at no cost, and disposed of 3,368 shares at $3.45 each, totaling $11,619. These transactions further increase Richards' stake in the company, reflecting his confidence in NexPoint's future prospects. With a market capitalization of $154 million and revenue growth of 32% in the last twelve months, InvestingPro offers 8 additional key insights about NXDT's financial health and market position.
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