Medalist Diversified REIT (NASDAQ:MDRR) Issues Quarterly Earnings Results

Medalist Diversified REIT (NASDAQ:MDRR) issued its quarterly earnings results on Friday. The company reported $2.85 earnings per share for the quarter, beating the consensus estimate of ($1.76) by $4.61, FiscalAI reports. The business had revenue of $0.69 million for the quarter, compared to the consensus estimate 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 Price Performance

Shares of NASDAQ MDRR traded down $0.55 during mid-day trading on Friday, reaching $9.95. The company’s stock had a trading volume of 10,393 shares, compared to its average volume of 4,190. The firm has a market capitalization of $16.22 million, a PE ratio of 2.60 and a beta of 0.58. The company has a debt-to-equity ratio of 0.24, a current ratio of 35.77 and a quick ratio of 35.77. The stock has a fifty day moving average of $10.95 and a two-hundred day moving average of $11.48. Medalist Diversified REIT has a 52 week low of $9.46 and a 52 week high of $14.52.

Medalist Diversified REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 23rd. Stockholders of record on Friday, October 16th were given a $0.0675 dividend. This represents a $0.27 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Friday, October 16th. Medalist Diversified REIT’s payout ratio is presently 7.05%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of Medalist Diversified REIT from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, November 4th. One equities research analyst has rated the stock with a Hold rating. According to MarketBeat.com, the stock has an average rating of “Hold”.

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.