Medalist Diversified REIT (NASDAQ:MDRR) Trading Down 0.9% – What’s Next?

Medalist Diversified REIT, Inc. (NASDAQ:MDRR)’s stock price dropped 0.9% on Monday . The stock traded as low as $12.10 and last traded at $12.29. Approximately 941 shares changed hands during trading, a decline of 76% from the average daily volume of 3,915 shares. The stock had previously closed at $12.40.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Medalist Diversified REIT in a report on Tuesday, October 14th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Medalist Diversified REIT has a consensus rating of “Sell”.

Medalist Diversified REIT Price Performance

The stock has a fifty day moving average of $13.11 and a 200 day moving average of $12.50. The stock has a market cap of $13.64 million, a price-to-earnings ratio of -6.79 and a beta of 0.48. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.29 and a quick ratio of 2.29.

Medalist Diversified REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 13th. Shareholders of record on Thursday, January 8th will be paid a dividend of $0.0675 per share. This represents a $0.27 annualized dividend and a yield of 2.2%. The ex-dividend date is Thursday, January 8th. Medalist Diversified REIT’s payout ratio is presently -14.92%.

Insider Buying and Selling at Medalist Diversified REIT

In other news, Director Marc Carlson sold 20,000 shares of the stock in a transaction on Friday, November 14th. The shares were sold at an average price of $13.50, for a total value of $270,000.00. Following the sale, the director owned 1,039 shares in the company, valued at $14,026.50. This represents a 95.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Frank Kavanaugh bought 2,582 shares of Medalist Diversified REIT stock in a transaction that occurred on Friday, December 12th. The shares were acquired at an average cost of $12.99 per share, with a total value of $33,540.18. Following the acquisition, the chief executive officer owned 302,177 shares of the company’s stock, valued at $3,925,279.23. The trade was a 0.86% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 107,273 shares of company stock worth $1,533,639 over the last ninety days. Insiders own 43.80% of the company’s stock.

About Medalist Diversified REIT

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. Medalist utilizes a rigorous, consistent and replicable process for sourcing and conducting due diligence of acquisitions.