Medalist Diversified REIT (NASDAQ:MDRR) Trading 0.3% Higher – Still a Buy?

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) shares traded up 0.3% during mid-day trading on Monday . The stock traded as high as $12.00 and last traded at $11.80. 372 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 1,609 shares. The stock had previously closed at $11.76.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Medalist Diversified REIT in a research note on Friday, January 9th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Medalist Diversified REIT Stock Performance

The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 1.51. The company has a fifty day moving average price of $12.33 and a 200 day moving average price of $12.82. The stock has a market cap of $13.10 million, a PE ratio of -6.52 and a beta of 0.50.

Medalist Diversified REIT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 13th. Shareholders of record on Thursday, January 8th were paid a $0.0675 dividend. This represents a $0.27 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Thursday, January 8th. Medalist Diversified REIT’s payout ratio is -14.92%.

Insiders Place Their Bets

In related news, CEO Frank Kavanaugh acquired 2,582 shares of the company’s stock in a transaction dated Friday, December 12th. The stock was purchased at an average price of $12.99 per share, with a total value of $33,540.18. Following the completion of the purchase, the chief executive officer owned 302,177 shares in the company, valued at $3,925,279.23. This trade represents a 0.86% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders purchased a total of 81,314 shares of company stock valued at $1,184,502 in the last ninety days. Insiders own 43.80% 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. Medalist utilizes a rigorous, consistent and replicable process for sourcing and conducting due diligence of acquisitions.