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Arthur B. Laffer, a director at NexPoint Diversified Real Estate Trust (NYSE:NXDT), recently purchased 26,900 shares of the company's common stock, according to a filing with the Securities and Exchange Commission. The shares were acquired at a weighted average price of $3.24, totaling approximately $87,156. The purchase comes as the stock trades near its 52-week low of $3.12, with InvestingPro data showing the stock's RSI indicates oversold conditions.
In addition to the purchase, Laffer received 7,813 restricted share units on April 3, 2025, which will vest on April 3, 2026. These units grant him the right to receive an equivalent number of common shares, with settlement potentially occurring in cash at the discretion of the Compensation Committee. Track insider transactions and gain deeper insights with InvestingPro, which offers comprehensive analysis of corporate insider activity.
Post-transaction, Laffer holds 54,837 shares directly, with an additional 101,874 shares held indirectly through a limited liability company he controls. This transaction highlights Laffer's continued investment in NexPoint Diversified Real Estate Trust, a real estate investment trust based in Dallas, Texas. The company currently offers a significant 16.76% dividend yield and has maintained dividend payments for 19 consecutive years, despite recent challenges reflected in its -36% six-month return.
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