Medalist Diversified REIT (NASDAQ:MDRR) Posts Earnings Results, Beats Estimates By $1.50 EPS

Medalist Diversified REIT (NASDAQ:MDRR) issued its earnings results on Thursday. The company reported ($0.26) EPS for the quarter, beating analysts’ consensus estimates of ($1.76) by $1.50, FiscalAI reports. Medalist Diversified REIT had a net margin of 74.73% and a negative return on equity of 16.90%. The business had revenue of $1.81 million for the quarter, compared to the consensus estimate of $3.00 million.

Medalist Diversified REIT Stock Up 2.7%

MDRR stock traded up $0.32 during mid-day trading on Friday, hitting $11.78. 224 shares of the company were exchanged, compared to its average volume of 6,459. The company has a market capitalization of $19.19 million, a PE ratio of 3.14 and a beta of 0.58. The company has a current ratio of 19.71, a quick ratio of 19.71 and a debt-to-equity ratio of 0.48. Medalist Diversified REIT has a twelve month low of $9.47 and a twelve month high of $14.52. The firm has a fifty day simple moving average of $11.67 and a 200 day simple moving average of $11.63.

Medalist Diversified REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Thursday, July 23rd were paid a dividend of $0.0675 per share. This represents a $0.27 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Thursday, July 23rd. Medalist Diversified REIT’s dividend payout ratio is 7.20%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Medalist Diversified REIT from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, June 9th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Medalist Diversified REIT presently has a consensus rating of “Hold”.

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.