Medalist Diversified REIT (NASDAQ:MDRR) Releases Quarterly Earnings Results, Beats Expectations By $4.61 EPS

Medalist Diversified REIT (NASDAQ:MDRR) released its quarterly earnings data on Friday. The company reported $2.85 earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.76) by $4.61, FiscalAI reports. Medalist Diversified REIT had a net margin of 80.24% and a negative return on equity of 15.18%. The firm had revenue of $0.69 million for the quarter, compared to analysts’ expectations of $3.00 million.

Medalist Diversified REIT Price Performance

Shares of Medalist Diversified REIT stock traded down $0.55 during trading on Friday, reaching $9.95. 10,393 shares of the stock traded hands, compared to its average volume of 4,190. Medalist Diversified REIT has a 52-week low of $9.46 and a 52-week high of $14.52. The company has a debt-to-equity ratio of 0.24, a current ratio of 35.77 and a quick ratio of 35.77. The business has a fifty day simple moving average of $10.95 and a two-hundred day simple moving average of $11.48. The company has a market capitalization of $16.22 million, a price-to-earnings ratio of 2.60 and a beta of 0.58.

Medalist Diversified REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 23rd. Stockholders of record on Friday, October 16th were given a dividend of $0.0675 per share. The ex-dividend date was Friday, October 16th. This represents a $0.27 dividend on an annualized basis and a dividend yield of 2.7%. Medalist Diversified REIT’s dividend payout ratio (DPR) is presently 7.05%.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of Medalist Diversified REIT from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, November 4th. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

About Medalist Diversified REIT

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.