Medalist Diversified REIT (NASDAQ:MDRR) Trading Up 4.4% – Should You Buy?

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) shot up 4.4% during trading on Tuesday . The stock traded as high as $12.14 and last traded at $12.61. 1,986 shares traded hands during trading, a decline of 26% from the average session volume of 2,693 shares. The stock had previously closed at $12.08.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Medalist Diversified REIT in a report on Friday, January 9th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Medalist Diversified REIT Price Performance

The stock has a market capitalization of $14.02 million, a P/E ratio of -6.97 and a beta of 0.48. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.29 and a current ratio of 2.29. The business has a fifty day simple moving average of $12.89 and a 200-day simple moving average of $12.68.

Medalist Diversified REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 13th. Shareholders of record on Thursday, January 8th were issued a $0.0675 dividend. This represents a $0.27 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Thursday, January 8th. Medalist Diversified REIT’s dividend payout ratio (DPR) is presently -14.92%.

Insider Activity

In related news, CEO Frank Kavanaugh acquired 70,000 shares of the company’s stock in a transaction dated Wednesday, December 10th. The shares were purchased at an average price of $14.71 per share, for a total transaction of $1,029,700.00. Following the completion of the acquisition, the chief executive officer owned 299,595 shares of the company’s stock, valued at approximately $4,407,042.45. This trade represents a 30.49% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Marc Carlson sold 20,000 shares of the firm’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $13.50, for a total value of $270,000.00. Following the completion of the sale, the director owned 1,039 shares of the company’s stock, valued at approximately $14,026.50. This represents a 95.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have bought 107,273 shares of company stock worth $1,533,639 in the last quarter. Company insiders own 43.80% 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. Medalist utilizes a rigorous, consistent and replicable process for sourcing and conducting due diligence of acquisitions.