Medalist Diversified REIT, Inc. (NASDAQ:MDRR) CEO Acquires $67,925.00 in Stock

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) CEO Frank Kavanaugh acquired 5,500 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were purchased at an average cost of $12.35 per share, with a total value of $67,925.00. Following the completion of the acquisition, the chief executive officer now directly owns 234,000 shares in the company, valued at approximately $2,889,900. The trade was a 2.41 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Frank Kavanaugh also recently made the following trade(s):

• On Friday, November 15th, Frank Kavanaugh purchased 20,917 shares of Medalist Diversified REIT stock. The shares were acquired at an average price of $12.29 per share, with a total value of $257,069.93.

Medalist Diversified REIT Price Performance

Shares of NASDAQ MDRR opened at $13.99 on Friday. The firm has a 50 day simple moving average of $12.34. The company has a debt-to-equity ratio of 3.05, a current ratio of 4.01 and a quick ratio of 4.01. Medalist Diversified REIT, Inc. has a fifty-two week low of $8.24 and a fifty-two week high of $15.00. The firm has a market capitalization of $15.60 million, a price-to-earnings ratio of -63.59 and a beta of 0.73.

Medalist Diversified REIT Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Wednesday, October 16th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend was Wednesday, October 16th. Medalist Diversified REIT’s dividend payout ratio (DPR) is currently -109.09%.

Institutional Investors Weigh In On Medalist Diversified REIT

An institutional investor recently raised its position in Medalist Diversified REIT stock. Renaissance Technologies LLC grew its stake in shares of Medalist Diversified REIT, Inc. (NASDAQ:MDRR) by 7.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,449 shares of the company’s stock after buying an additional 900 shares during the period. Renaissance Technologies LLC owned approximately 1.11% of Medalist Diversified REIT worth $72,000 as of its most recent filing with the Securities and Exchange Commission. 17.40% of the stock is currently owned by institutional investors.

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.