In trading on Monday, shares of Nexpoint Diversified Real Estate Trust’s 5.50% Series A Preferred Shares (Symbol: NXDT.PRA) yielded over 10.5% based on an annualized dividend of $1.375, with trading prices as low as $13.09. In comparison, the average yield in the “ETFs & CEFs” preferred stock category is 6.34%. NXDT.PRA is trading at a 47.44% discount to its liquidation preference, significantly higher than the average discount of 17.67% in the same category.
Additionally, NXDT.PRA shares rose by approximately 0.5% on the day, while the common shares (Symbol: NXDT) increased by about 6.2%.
