Medalist Diversified REIT (NASDAQ:MDRR) Shares Down 1.5% – Should You Sell?

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) shares dropped 1.5% during trading on Wednesday . The company traded as low as $10.96 and last traded at $11.8240. Approximately 502 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 1,695 shares. The stock had previously closed at $12.00.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Medalist Diversified REIT from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, May 26th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Medalist Diversified REIT currently has an average rating of “Sell”.

Medalist Diversified REIT Stock Performance

The firm has a market cap of $19.27 million, a price-to-earnings ratio of 3.15 and a beta of 0.58. The stock’s 50 day moving average is $11.46 and its 200 day moving average is $12.10. The company has a current ratio of 19.71, a quick ratio of 19.71 and a debt-to-equity ratio of 0.48.

Medalist Diversified REIT (NASDAQ:MDRR) last announced its quarterly earnings results on Wednesday, May 13th. The company reported ($1.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.76) by ($0.14). Medalist Diversified REIT had a net margin of 74.73% and a negative return on equity of 16.90%. The company had revenue of $2.16 million during the quarter, compared to analyst estimates of $3.00 million.

Medalist Diversified REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 21st. Investors of record on Wednesday, April 15th were paid a $0.0675 dividend. The ex-dividend date was Wednesday, April 15th. This represents a $0.27 dividend on an annualized basis and a yield of 2.3%. Medalist Diversified REIT’s dividend payout ratio is 7.20%.

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.