Medalist Diversified REIT (MDRR) Projected to Announce Quarterly Earnings on Wednesday

Medalist Diversified REIT (NASDAQ:MDRR) is expected to announce its results after the market closes on Wednesday, August 12th. Analysts expect Medalist Diversified REIT to announce earnings of ($1.76) per share and revenue of $3.00 million for the quarter.

Medalist Diversified REIT (NASDAQ:MDRR) last issued its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $3.00 million.

Medalist Diversified REIT Price Performance

MDRR stock opened at $11.38 on Wednesday. Medalist Diversified REIT has a 52-week low of $9.47 and a 52-week high of $14.52. The stock’s fifty day simple moving average is $11.62 and its 200-day simple moving average is $11.65. The company has a quick ratio of 19.71, a current ratio of 19.71 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $18.55 million, a price-to-earnings ratio of 3.03 and a beta of 0.58.

Medalist Diversified REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Thursday, July 23rd were given a dividend of $0.0675 per share. The ex-dividend date was Thursday, July 23rd. This represents a $0.27 annualized dividend and a yield of 2.4%. Medalist Diversified REIT’s dividend payout ratio is 7.20%.

Analyst Ratings Changes

Separately, Weiss Ratings raised 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, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

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.