Medalist Diversified REIT (NASDAQ:MDRR) Stock Price Down 0.9% – Time to Sell?

Medalist Diversified REIT, Inc. (NASDAQ:MDRR)’s stock price dropped 0.9% during trading on Monday . The stock traded as low as $12.10 and last traded at $12.29. Approximately 941 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 3,915 shares. The stock had previously closed at $12.40.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Medalist Diversified REIT in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Medalist Diversified REIT Trading Down 0.9%

The firm has a market capitalization of $13.64 million, a PE ratio of -6.79 and a beta of 0.48. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 1.51. The company’s 50-day simple moving average is $13.11 and its 200 day simple moving average is $12.50.

Medalist Diversified REIT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 13th. Shareholders of record on Thursday, January 8th will be issued a $0.0675 dividend. This represents a $0.27 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, January 8th. Medalist Diversified REIT’s payout ratio is currently -14.92%.

Insiders Place Their Bets

In other Medalist Diversified REIT news, CEO Frank Kavanaugh bought 70,000 shares of Medalist Diversified REIT stock in a transaction that occurred on Wednesday, December 10th. The shares were bought at an average cost of $14.71 per share, with a total value of $1,029,700.00. Following the transaction, the chief executive officer directly owned 299,595 shares of the company’s stock, valued at approximately $4,407,042.45. This represents a 30.49% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Marc Carlson sold 20,000 shares of the stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $13.50, for a total value of $270,000.00. Following the completion of the sale, the director owned 1,039 shares of the company’s stock, valued at approximately $14,026.50. This trade represents a 95.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have bought 107,273 shares of company stock worth $1,533,639. Insiders own 43.80% of the company’s stock.

Medalist Diversified REIT Company Profile

Medalist Diversified REIT Inc is a Virginia-based real estate investment trust that specializes in acquiring, owning and managing commercial real estate in the Southeast region of the U.S. The Company's strategy is to focus on commercial real estate which is expected to provide an attractive balance of risk and returns. Medalist utilizes a rigorous, consistent and replicable process for sourcing and conducting due diligence of acquisitions.