Medalist Diversified REIT (NASDAQ:MDRR) Announces Quarterly Earnings Results

Medalist Diversified REIT (NASDAQ:MDRR) posted its quarterly earnings data on Monday. The company reported ($0.43) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $2.82 million for the quarter. Medalist Diversified REIT had a negative net margin of 21.19% and a negative return on equity of 7.87%.

Medalist Diversified REIT Price Performance

Medalist Diversified REIT stock traded up $0.40 during midday trading on Monday, hitting $11.60. The company’s stock had a trading volume of 1,140 shares, compared to its average volume of 3,125. Medalist Diversified REIT has a 12 month low of $9.55 and a 12 month high of $14.52. 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 market capitalization of $12.87 million, a PE ratio of -6.41 and a beta of 0.53. The stock’s 50-day moving average price is $12.20 and its 200-day moving average price is $12.85.

Medalist Diversified REIT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 13th. Investors of record on Thursday, January 8th were issued a dividend of $0.0675 per share. 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 presently -14.92%.

Insider Buying and Selling at Medalist Diversified REIT

In other Medalist Diversified REIT news, CEO Frank Kavanaugh acquired 70,000 shares of the stock in a transaction dated Wednesday, December 10th. The shares were bought at an average price of $14.71 per share, with a total value of $1,029,700.00. Following the purchase, the chief executive officer directly owned 299,595 shares of the company’s stock, valued at approximately $4,407,042.45. This trade represents a 30.49% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders have bought 81,314 shares of company stock worth $1,184,502. Company insiders own 43.80% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Medalist Diversified REIT in a report on Friday, January 9th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

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.