Frank Kavanaugh Buys 20,917 Shares of Medalist Diversified REIT, Inc. (NASDAQ:MDRR) Stock

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) CEO Frank Kavanaugh acquired 20,917 shares of the stock in a transaction dated Friday, November 15th. The stock was acquired at an average price of $12.29 per share, for a total transaction of $257,069.93. Following the completion of the acquisition, the chief executive officer now directly owns 228,500 shares of the company’s stock, valued at $2,808,265. The trade was a 10.08 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Friday, September 13th, Frank Kavanaugh bought 2,380 shares of Medalist Diversified REIT stock. The stock was acquired at an average cost of $12.15 per share, with a total value of $28,917.00.
• On Thursday, September 5th, Frank Kavanaugh purchased 200 shares of Medalist Diversified REIT stock. The shares were acquired at an average cost of $12.20 per share, for a total transaction of $2,440.00.
• On Friday, August 30th, Frank Kavanaugh acquired 5,569 shares of Medalist Diversified REIT stock. The stock was bought at an average price of $12.31 per share, with a total value of $68,554.39.

Medalist Diversified REIT Stock Performance

MDRR opened at $12.40 on Thursday. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 3.05. The stock’s 50-day moving average is $12.21. The company has a market capitalization of $13.83 million, a price-to-earnings ratio of -56.36 and a beta of 0.73. Medalist Diversified REIT, Inc. has a 52-week low of $8.24 and a 52-week high of $14.94.

Medalist Diversified REIT Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Wednesday, October 16th were paid a $0.06 dividend. The ex-dividend date was Wednesday, October 16th. This represents a $0.24 annualized dividend and a yield of 1.94%. Medalist Diversified REIT’s dividend payout ratio is -109.09%.

Hedge Funds Weigh In On Medalist Diversified REIT

An institutional investor recently bought a new position in Medalist Diversified REIT stock. EP Wealth Advisors LLC purchased a new position in shares of Medalist Diversified REIT, Inc. (NASDAQ:MDRR) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 45,345 shares of the company’s stock, valued at approximately $545,000. EP Wealth Advisors LLC owned about 4.07% of Medalist Diversified REIT at the end of the most recent quarter. Hedge funds and other institutional investors own 17.40% 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.