Insider Buying: Medalist Diversified REIT, Inc. (NASDAQ:MDRR) CFO Purchases 41,997 Shares of Stock

Medalist Diversified REIT, Inc. (NASDAQ:MDRRGet Rating) CFO Charles Brent Jr. Winn bought 41,997 shares of the firm’s stock in a transaction dated Thursday, May 12th. The shares were bought at an average price of $0.93 per share, with a total value of $39,057.21. Following the completion of the transaction, the chief financial officer now directly owns 211,084 shares in the company, valued at approximately $196,308.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

NASDAQ:MDRR opened at $0.95 on Friday. Medalist Diversified REIT, Inc. has a twelve month low of $0.90 and a twelve month high of $2.18. The company has a quick ratio of 6.01, a current ratio of 6.26 and a debt-to-equity ratio of 2.72. The business has a 50 day moving average price of $1.06 and a two-hundred day moving average price of $1.06.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 21st. Shareholders of record on Monday, April 18th were issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 8.41%. The ex-dividend date of this dividend was Thursday, April 14th. Medalist Diversified REIT’s dividend payout ratio is -47.06%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. State Street Corp acquired a new position in Medalist Diversified REIT in the 2nd quarter valued at $35,000. Renaissance Technologies LLC grew its holdings in Medalist Diversified REIT by 169.0% in the 1st quarter. Renaissance Technologies LLC now owns 61,595 shares of the company’s stock valued at $65,000 after buying an additional 38,695 shares in the last quarter. Two Sigma Investments LP acquired a new position in Medalist Diversified REIT in the 3rd quarter valued at $72,000. Citadel Advisors LLC grew its holdings in Medalist Diversified REIT by 168.9% in the 2nd quarter. Citadel Advisors LLC now owns 97,461 shares of the company’s stock valued at $133,000 after buying an additional 61,223 shares in the last quarter. Finally, Two Sigma Advisers LP acquired a new position in Medalist Diversified REIT in the 3rd quarter valued at $84,000. 18.96% of the stock is currently owned by hedge funds and other institutional investors.

Medalist Diversified REIT Company Profile (Get Rating)

Medalist Diversified REIT Inc is a Maryland corporation formed on September 28, 2015. Beginning with our taxable year ended December 31, 2017, we believe that we have operated in a manner qualifying us as a real estate investment trust (REIT), and we have elected to be taxed as a REIT for federal income tax purposes.

See Also

Insider Buying and Selling by Quarter for Medalist Diversified REIT (NASDAQ:MDRR)

Receive News & Ratings for Medalist Diversified REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Medalist Diversified REIT and related companies with MarketBeat.com's FREE daily email newsletter.