Medalist Diversified REIT, Inc. Declares Quarterly Dividend of $0.07 (NASDAQ:MDRR)

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) announced a quarterly dividend on Monday, July 13th. Shareholders of record on Thursday, July 23rd will be paid a dividend of 0.0675 per share on Thursday, July 30th. This represents a c) annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, July 23rd.

Medalist Diversified REIT has decreased its dividend by an average of 0.3%annually over the last three years and has increased its dividend annually for the last 2 consecutive years.

Medalist Diversified REIT Stock Up 3.7%

Shares of MDRR stock traded up $0.41 during trading hours on Monday, reaching $11.62. 1,290 shares of the company’s stock were exchanged, compared to its average volume of 3,021. Medalist Diversified REIT has a 1 year low of $9.47 and a 1 year high of $14.52. The stock has a market cap of $18.92 million, a PE ratio of 3.10 and a beta of 0.57. The company has a current ratio of 19.71, a quick ratio of 19.71 and a debt-to-equity ratio of 0.48. The stock’s fifty day moving average price is $11.48 and its two-hundred day moving average price is $11.74.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Medalist Diversified REIT from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, June 9th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Medalist Diversified REIT currently has an average rating of “Hold”.

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.