Medalist Diversified REIT, Inc. (NASDAQ:MDRR) CEO Buys $67,925.00 in Stock

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) CEO Frank Kavanaugh purchased 5,500 shares of the stock in a transaction dated Wednesday, December 11th. The stock was purchased at an average cost of $12.35 per share, for a total transaction of $67,925.00. Following the completion of the acquisition, the chief executive officer now owns 234,000 shares of the company’s stock, valued at approximately $2,889,900. This represents a 2.41 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, November 15th, Frank Kavanaugh acquired 20,917 shares of Medalist Diversified REIT stock. The shares were purchased at an average cost of $12.29 per share, with a total value of $257,069.93.

Medalist Diversified REIT Price Performance

NASDAQ MDRR opened at $13.17 on Wednesday. The business has a 50 day moving average price of $12.25. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 3.05. Medalist Diversified REIT, Inc. has a 1 year low of $8.24 and a 1 year high of $14.94. The stock has a market cap of $14.68 million, a PE ratio of -59.84 and a beta of 0.73.

Medalist Diversified REIT Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Wednesday, October 16th were given a $0.06 dividend. The ex-dividend date was Wednesday, October 16th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.82%. Medalist Diversified REIT’s dividend payout ratio (DPR) is presently -109.09%.

Institutional Investors 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 stake in shares of Medalist Diversified REIT, Inc. (NASDAQ:MDRR) in the third quarter, according to the company in its most recent 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. 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.