Medalist Diversified REIT (NASDAQ:MDRR) Trading Up 0.3% – Here’s What Happened

Medalist Diversified REIT, Inc. (NASDAQ:MDRR)’s share price shot up 0.3% on Monday . The company traded as high as $12.00 and last traded at $11.80. 372 shares were traded during trading, a decline of 77% from the average session volume of 1,609 shares. The stock had previously closed at $11.76.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Medalist Diversified REIT in a research report on Friday, January 9th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Medalist Diversified REIT currently has an average rating of “Sell”.

Medalist Diversified REIT Trading Up 0.3%

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 firm has a market capitalization of $13.10 million, a P/E ratio of -6.52 and a beta of 0.50. The firm’s 50-day simple moving average is $12.33 and its 200-day simple moving average is $12.82.

Medalist Diversified REIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 13th. Investors of record on Thursday, January 8th were given a $0.0675 dividend. The ex-dividend date was Thursday, January 8th. This represents a $0.27 annualized dividend and a yield of 2.3%. Medalist Diversified REIT’s payout ratio is -14.92%.

Insiders Place Their Bets

In other news, CEO Frank Kavanaugh purchased 2,582 shares of the stock in a transaction on Friday, December 12th. The shares were acquired at an average price of $12.99 per share, for a total transaction of $33,540.18. Following the completion of the transaction, the chief executive officer directly owned 302,177 shares of the company’s stock, valued at approximately $3,925,279.23. This trade represents a 0.86% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Insiders bought a total of 81,314 shares of company stock worth $1,184,502 in the last quarter. Company insiders own 43.80% 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. Medalist utilizes a rigorous, consistent and replicable process for sourcing and conducting due diligence of acquisitions.