Short Interest in Medalist Diversified REIT, Inc. (NASDAQ:MDRR) Declines By 36.8%

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) saw a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 5,251 shares, a drop of 36.8% from the July 15th total of 8,302 shares. Based on an average daily volume of 1,191 shares, the short-interest ratio is currently 4.4 days. Currently, 1.4% of the shares of the company are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Medalist Diversified REIT stock. Public Employees Retirement System of Ohio purchased a new position in shares of Medalist Diversified REIT, Inc. (NASDAQ:MDRR) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 42,548 shares of the company’s stock, valued at approximately $221,000. Public Employees Retirement System of Ohio owned approximately 2.61% of Medalist Diversified REIT as of its most recent SEC filing. 17.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Medalist Diversified REIT Stock Performance

Shares of Medalist Diversified REIT stock traded up $0.05 during trading hours on Tuesday, hitting $11.79. 295 shares of the company were exchanged, compared to its average volume of 3,704. The company has a current ratio of 35.77, a quick ratio of 35.77 and a debt-to-equity ratio of 0.24. The business has a 50-day moving average of $11.67 and a 200-day moving average of $11.61. Medalist Diversified REIT has a 1 year low of $9.47 and a 1 year high of $14.52. The stock has a market capitalization of $19.20 million, a price-to-earnings ratio of 3.08 and a beta of 0.58.

Medalist Diversified REIT (NASDAQ:MDRR) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.26) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.76) by $1.50. The firm had revenue of $1.81 million for the quarter, compared to analyst estimates of $3.00 million. Medalist Diversified REIT had a net margin of 80.24% and a negative return on equity of 15.18%.

Medalist Diversified REIT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Stockholders of record on Thursday, July 23rd were paid a $0.0675 dividend. This represents a $0.27 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Thursday, July 23rd. Medalist Diversified REIT’s dividend payout ratio (DPR) is 7.05%.

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.