Benjamin Ore Purchases 1,000 Shares of Medalist Diversified REIT, Inc. (NASDAQ:MDRR) Stock

Medalist Diversified REIT, Inc. (NASDAQ:MDRRGet Free Report) insider Benjamin Ore bought 1,000 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were bought at an average cost of $12.31 per share, with a total value of $12,310.00. Following the transaction, the insider now directly owns 4,500 shares of the company’s stock, valued at approximately $55,395. This trade represents a 28.57 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Benjamin Ore also recently made the following trade(s):

  • On Friday, September 13th, Benjamin Ore bought 369 shares of Medalist Diversified REIT stock. The stock was purchased at an average price of $12.05 per share, for a total transaction of $4,446.45.
  • On Tuesday, September 10th, Benjamin Ore acquired 644 shares of Medalist Diversified REIT stock. The stock was acquired at an average price of $12.25 per share, for a total transaction of $7,889.00.

Medalist Diversified REIT Stock Up 0.1 %

Shares of NASDAQ:MDRR opened at $12.39 on Thursday. The company has a debt-to-equity ratio of 3.05, a quick ratio of 4.01 and a current ratio of 4.01. The firm’s 50 day simple moving average is $12.21. The company has a market cap of $13.88 million, a P/E ratio of -56.27 and a beta of 0.73. Medalist Diversified REIT, Inc. has a twelve month low of $8.24 and a twelve month high of $14.94.

Medalist Diversified REIT Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Wednesday, October 16th were paid a $0.06 dividend. The ex-dividend date of this dividend was Wednesday, October 16th. This represents a $0.24 annualized dividend and a dividend yield of 1.94%. Medalist Diversified REIT’s payout ratio is -109.09%.

Hedge Funds Weigh In On Medalist Diversified REIT

A hedge fund recently raised its stake in Medalist Diversified REIT stock. Renaissance Technologies LLC raised its stake in shares of Medalist Diversified REIT, Inc. (NASDAQ:MDRRFree Report) by 7.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 12,449 shares of the company’s stock after purchasing an additional 900 shares during the quarter. Renaissance Technologies LLC owned 1.11% of Medalist Diversified REIT worth $72,000 as of its most recent filing with the SEC. Institutional investors own 17.40% of the company’s stock.

Medalist Diversified REIT Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Medalist Diversified REIT (NASDAQ:MDRR)

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