Medalist Diversified REIT (NASDAQ:MDRR) Trading 0.7% Higher – What’s Next?

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) was up 0.7% on Tuesday . The stock traded as high as $12.98 and last traded at $12.98. Approximately 143 shares were traded during trading, a decline of 91% from the average daily volume of 1,511 shares. The stock had previously closed at $12.89.

Medalist Diversified REIT Stock Up 0.1 %

The company has a market capitalization of $14.48 million, a P/E ratio of -59.05 and a beta of 0.71. The company has a 50-day moving average price of $12.64. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 3.05.

Medalist Diversified REIT Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Monday, January 20th will be paid a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a dividend yield of 2.00%. This is an increase from Medalist Diversified REIT’s previous quarterly dividend of $0.06. The ex-dividend date is Friday, January 17th. Medalist Diversified REIT’s dividend payout ratio (DPR) is presently -109.09%.

Insider Buying and Selling at Medalist Diversified REIT

In related news, CFO Charles Brent Jr. Winn acquired 6,000 shares of the stock in a transaction dated Friday, December 13th. The shares were acquired at an average price of $12.50 per share, for a total transaction of $75,000.00. Following the completion of the purchase, the chief financial officer now owns 44,424 shares in the company, valued at approximately $555,300. The trade was a 15.62 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Frank Kavanaugh bought 20,917 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were bought at an average cost of $12.29 per share, for a total transaction of $257,069.93. Following the transaction, the chief executive officer now directly owns 228,500 shares of the company’s stock, valued at $2,808,265. This trade represents a 10.08 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 43,188 shares of company stock worth $533,987 over the last 90 days. Insiders own 56.10% of the company’s stock.

Institutional Trading of Medalist Diversified REIT

A hedge fund recently bought a new stake in Medalist Diversified REIT stock. EP Wealth Advisors LLC bought a new position in shares of Medalist Diversified REIT, Inc. (NASDAQ:MDRR) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 45,345 shares of the company’s stock, valued at approximately $545,000. EP Wealth Advisors LLC owned approximately 4.07% of Medalist Diversified REIT as of its most recent SEC filing. Hedge funds and other institutional investors own 17.40% of the company’s stock.

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.