Medalist Diversified REIT (NASDAQ:MDRR) Trading Up 4.4% – What’s Next?

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) traded up 4.4% during mid-day trading on Tuesday . The company traded as high as $12.14 and last traded at $12.61. 1,986 shares changed hands during mid-day trading, a decline of 26% from the average session volume of 2,693 shares. The stock had previously closed at $12.08.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Medalist Diversified REIT in a research report on Friday, January 9th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Medalist Diversified REIT has a consensus rating of “Sell”.

Medalist Diversified REIT Price Performance

The stock has a market capitalization of $14.02 million, a price-to-earnings ratio of -6.97 and a beta of 0.48. The company’s 50-day simple moving average is $12.89 and its 200-day simple moving average is $12.68. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.29 and a quick ratio of 2.29.

Medalist Diversified REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 13th. Shareholders of record on Thursday, January 8th were given a dividend of $0.0675 per share. The ex-dividend date was Thursday, January 8th. This represents a $0.27 annualized dividend and a yield of 2.1%. Medalist Diversified REIT’s dividend payout ratio (DPR) is presently -14.92%.

Insiders Place Their Bets

In other Medalist Diversified REIT news, CEO Frank Kavanaugh bought 2,582 shares of Medalist Diversified REIT stock in a transaction dated Friday, December 12th. The stock was bought at an average price of $12.99 per share, with a total value of $33,540.18. Following the completion of the transaction, the chief executive officer owned 302,177 shares in the company, valued at $3,925,279.23. The trade was a 0.86% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Marc Carlson sold 20,000 shares of the firm’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $13.50, for a total transaction of $270,000.00. Following the transaction, the director directly owned 1,039 shares in the company, valued at approximately $14,026.50. This represents a 95.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have bought 107,273 shares of company stock valued at $1,533,639 in the last three months. 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.