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DALLAS—Dustin Norris, Executive Vice President of NexPoint Diversified Real Estate Trust (NYSE:NXDT), has made significant stock purchases, according to a recent SEC filing. The insider buying comes as the stock trades near its 52-week low of $3.12, having declined about 39% year-to-date according to InvestingPro data. On April 3, Norris acquired 54,000 shares at $3.85 per share. This was followed by a purchase of 300,000 shares on April 7, at a price ranging from $3.47 to $3.63 per share, totaling approximately $1.27 million.
These transactions increase Norris's direct ownership to 495,836 shares. Additionally, on April 4, Norris exercised options to acquire 12,437 shares, though this was at no cost, as per the filing. Indirectly, through a 401(k) plan, Norris holds 58,090.84 shares. The REIT currently offers a notable 16.8% dividend yield and has maintained dividend payments for 19 consecutive years.
The filing also notes the granting of 46,883 restricted share units on April 3, which will vest over the next few years. These transactions reflect Norris's growing stake in the real estate investment trust. InvestingPro analysis indicates the stock is currently in oversold territory, with several additional technical and fundamental insights available to subscribers.
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