Medalist Diversified REIT (NASDAQ:MDRR) Stock Price Breaks Above 200-Day Moving Average – Here’s What Happened

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) shares passed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $11.57 and traded as high as $11.75. Medalist Diversified REIT shares last traded at $11.74, with a volume of 10,248 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Medalist Diversified REIT from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, October 21st. One analyst has rated the stock with a Hold rating. According to data from MarketBeat, Medalist Diversified REIT currently has a consensus rating of “Hold”.

Medalist Diversified REIT Trading Up 11.7%

The company has a 50 day moving average price of $11.24 and a 200 day moving average price of $11.57. The firm has a market cap of $19.11 million, a price-to-earnings ratio of 3.07 and a beta of 0.58. The company has a debt-to-equity ratio of 0.24, a quick ratio of 35.77 and a current ratio of 35.77.

Medalist Diversified REIT (NASDAQ:MDRR) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($0.26) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.76) by $1.50. The firm had revenue of $1.81 million during the quarter, compared to the consensus estimate of $3.00 million. Medalist Diversified REIT had a negative return on equity of 15.18% and a net margin of 80.24%.

Medalist Diversified REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 23rd. Investors of record on Friday, October 16th were given a dividend of $0.0675 per share. The ex-dividend date of this dividend was Friday, October 16th. This represents a $0.27 dividend on an annualized basis and a dividend yield of 2.3%. Medalist Diversified REIT’s dividend payout ratio (DPR) is presently 7.05%.

Medalist Diversified REIT Company Profile

Medalist Diversified REIT, Inc is a real estate investment trust that acquires, owns, and manages commercial properties in the United States. The company has focused primarily on income-producing real estate in secondary and tertiary markets, with an emphasis on properties that may provide stable rental income and opportunities for operational or management improvements.

Its portfolio and investment activities have included office properties, medical office buildings, retail and shopping-center assets, industrial or flex-space properties, and hospitality-related real estate.