Shares of Medalist Diversified REIT, Inc. (NASDAQ:MDRR – Get Free Report) rose 0.7% on Thursday . The company traded as high as $11.35 and last traded at $11.4350. 899 shares changed hands during trading, a decline of 72% from the average daily volume of 3,269 shares. The stock had previously closed at $11.35.
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 equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.
View Our Latest Report on Medalist Diversified REIT
Medalist Diversified REIT Trading Up 1.8%
Medalist Diversified REIT (NASDAQ:MDRR – Get Free Report) last released its quarterly earnings data on Wednesday, May 13th. The company reported ($1.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.76) by ($0.14). Medalist Diversified REIT had a negative return on equity of 16.90% and a net margin of 74.73%.The business had revenue of $2.16 million during the quarter, compared to the consensus estimate of $3.00 million.
Medalist Diversified REIT Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, April 21st. Investors of record on Wednesday, April 15th were given a dividend of $0.0675 per share. The ex-dividend date was Wednesday, April 15th. This represents a $0.27 dividend on an annualized basis and a dividend yield of 2.3%. Medalist Diversified REIT’s dividend payout ratio is currently 7.20%.
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.
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