Medalist Diversified REIT (NASDAQ:MDRR) Stock Price Breaks Above 200-Day Moving Average – Here’s What Happened

Medalist Diversified REIT, Inc. (NASDAQ:MDRR)’s stock price passed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $11.57 and traded as high as $11.75. Medalist Diversified REIT shares last traded at $11.74, with a volume of 10,248 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Medalist Diversified REIT from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, October 21st. One equities research analyst has rated the stock with a Hold rating. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Medalist Diversified REIT Price Performance

The company has a debt-to-equity ratio of 0.24, a quick ratio of 35.77 and a current ratio of 35.77. The stock’s 50 day simple moving average is $11.24 and its two-hundred day simple moving average is $11.57. The firm has a market capitalization of $19.11 million, a PE ratio of 3.07 and a beta of 0.58.

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

Medalist Diversified REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 23rd. Shareholders of record on Friday, October 16th were paid a dividend of $0.0675 per share. The ex-dividend date of this dividend was Friday, October 16th. This represents a $0.27 dividend on an annualized basis and a yield of 2.3%. Medalist Diversified REIT’s payout ratio is 7.05%.

About Medalist Diversified REIT

Medalist Diversified REIT, Inc is a real estate investment trust that acquires, owns, and manages commercial properties in the United States. The company has focused primarily on income-producing real estate in secondary and tertiary markets, with an emphasis on properties that may provide stable rental income and opportunities for operational or management improvements.

Its portfolio and investment activities have included office properties, medical office buildings, retail and shopping-center assets, industrial or flex-space properties, and hospitality-related real estate.