Medalist Diversified REIT, Inc. (NASDAQ:MDRR) Short Interest Update

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 4,200 shares, a growth of 82.6% from the March 15th total of 2,300 shares. Based on an average daily volume of 2,900 shares, the short-interest ratio is currently 1.4 days. Currently, 1.1% of the company’s shares are sold short.

Medalist Diversified REIT Trading Down 6.0 %

NASDAQ MDRR traded down $0.72 on Friday, reaching $11.21. The company had a trading volume of 4,232 shares, compared to its average volume of 5,728. Medalist Diversified REIT has a 52 week low of $10.90 and a 52 week high of $15.00. The stock’s 50 day moving average is $12.55 and its 200-day moving average is $12.53. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 3.05. The stock has a market cap of $15.18 million, a price-to-earnings ratio of -50.93 and a beta of 0.30.

Medalist Diversified REIT Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Thursday, April 17th will be paid a dividend of $0.0675 per share. The ex-dividend date is Thursday, April 17th. This is a positive change from Medalist Diversified REIT’s previous quarterly dividend of $0.07. This represents a $0.27 annualized dividend and a dividend yield of 2.41%. Medalist Diversified REIT’s payout ratio is currently -122.73%.

Institutional Investors Weigh In On Medalist Diversified REIT

An institutional investor recently bought a new position in Medalist Diversified REIT stock. Halbert Hargrove Global Advisors LLC acquired a new stake in Medalist Diversified REIT, Inc. (NASDAQ:MDRR) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 5,000 shares of the company’s stock, valued at approximately $67,000. Halbert Hargrove Global Advisors LLC owned approximately 0.45% of Medalist Diversified REIT at the end of the most recent reporting period. 17.40% of the stock is owned by institutional investors.

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.