Medalist Diversified REIT, Inc. (NASDAQ:MDRR) Short Interest Up 21.1% in March

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 2,300 shares, a growth of 21.1% from the February 28th total of 1,900 shares. Based on an average trading volume of 3,500 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.6% of the company’s stock are short sold.

Medalist Diversified REIT Price Performance

NASDAQ MDRR opened at $12.61 on Thursday. The business’s fifty day moving average price is $12.68 and its 200-day moving average price is $12.54. Medalist Diversified REIT has a 1-year low of $10.90 and a 1-year high of $15.00. The company has a debt-to-equity ratio of 3.05, a current ratio of 4.01 and a quick ratio of 4.01. The stock has a market capitalization of $17.19 million, a price-to-earnings ratio of -57.32 and a beta of 0.59.

Medalist Diversified REIT Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 23rd. Shareholders of record on Monday, January 20th were given a $0.065 dividend. The ex-dividend date was Friday, January 17th. This is an increase from Medalist Diversified REIT’s previous quarterly dividend of $0.06. This represents a $0.26 annualized dividend and a yield of 2.06%. Medalist Diversified REIT’s dividend payout ratio (DPR) is presently -118.18%.

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 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 45,345 shares of the company’s stock, valued at approximately $545,000. EP Wealth Advisors LLC owned 4.07% of Medalist Diversified REIT as of its most recent filing with the Securities & Exchange Commission. 17.40% of the stock is currently owned by hedge funds and other institutional investors.

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.