Medalist Diversified REIT, Inc. (NASDAQ:MDRR) Insider Benjamin Ore Buys 1,000 Shares

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) insider Benjamin Ore acquired 1,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was purchased at an average cost of $12.31 per share, with a total value of $12,310.00. Following the purchase, the insider now directly owns 4,500 shares in the company, valued at approximately $55,395. This trade represents a 28.57 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Benjamin Ore also recently made the following trade(s):

• On Friday, September 13th, Benjamin Ore purchased 369 shares of Medalist Diversified REIT stock. The shares were bought at an average price of $12.05 per share, with a total value of $4,446.45.
• On Tuesday, September 10th, Benjamin Ore purchased 644 shares of Medalist Diversified REIT stock. The stock was purchased at an average cost of $12.25 per share, with a total value of $7,889.00.

Medalist Diversified REIT Price Performance

MDRR traded up $0.09 on Tuesday, hitting $12.31. The company had a trading volume of 5,306 shares, compared to its average volume of 5,643. Medalist Diversified REIT, Inc. has a 1-year low of $8.24 and a 1-year high of $14.94. The company has a market capitalization of $13.78 million, a PE ratio of -55.36 and a beta of 0.73. The company has a debt-to-equity ratio of 3.05, a quick ratio of 4.01 and a current ratio of 4.01. The stock’s fifty day simple moving average is $12.22.

Medalist Diversified REIT Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Wednesday, October 16th were issued a dividend of $0.06 per share. The ex-dividend date was Wednesday, October 16th. This represents a $0.24 annualized dividend and a dividend yield of 1.95%. Medalist Diversified REIT’s payout ratio is -109.09%.

Hedge Funds Weigh In On Medalist Diversified REIT

An institutional investor recently raised its stake in Medalist Diversified REIT stock. Renaissance Technologies LLC raised its holdings in Medalist Diversified REIT, Inc. (NASDAQ:MDRR) by 7.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,449 shares of the company’s stock after buying an additional 900 shares during the quarter. Renaissance Technologies LLC owned 1.11% of Medalist Diversified REIT worth $72,000 as of its most recent SEC filing. 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.