Medalist Diversified REIT, Inc. (NASDAQ:MDRR) Sees Large Decline in Short Interest

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) saw a significant decline in short interest in February. As of February 28th, there was short interest totalling 1,900 shares, a decline of 50.0% from the February 13th total of 3,800 shares. Based on an average daily volume of 4,200 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.5% of the shares of the company are sold short.

Medalist Diversified REIT Stock Performance

Shares of NASDAQ MDRR traded down $0.35 during mid-day trading on Friday, hitting $12.35. The company had a trading volume of 537 shares, compared to its average volume of 4,140. The company has a market capitalization of $16.83 million, a price-to-earnings ratio of -56.14 and a beta of 0.59. Medalist Diversified REIT has a 1 year low of $10.90 and a 1 year high of $15.00. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 3.05. The stock’s 50-day moving average price is $12.68 and its 200-day moving average price is $12.52.

Medalist Diversified REIT Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 23rd. Shareholders of record on Monday, January 20th were paid a dividend of $0.065 per share. The ex-dividend date was Friday, January 17th. This represents a $0.26 annualized dividend and a yield of 2.11%. This is a positive change from Medalist Diversified REIT’s previous quarterly dividend of $0.06. Medalist Diversified REIT’s payout ratio is -118.18%.

Institutional Investors Weigh In On Medalist Diversified REIT

A hedge fund recently bought a new stake in Medalist Diversified REIT stock. EP Wealth Advisors LLC purchased a new position in shares of Medalist Diversified REIT, Inc. (NASDAQ:MDRR) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 45,345 shares of the company’s stock, valued at approximately $545,000. EP Wealth Advisors LLC owned about 4.07% of Medalist Diversified REIT as of its most recent SEC filing. Institutional investors own 17.40% of the company’s stock.

About Medalist Diversified REIT

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.