Medalist Diversified REIT, Inc. (NASDAQ:MDRR) Short Interest Update

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) saw a significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 9,410 shares, a decrease of 30.5% from the February 12th total of 13,549 shares. Approximately 1.2% of the shares of the company are short sold. Based on an average daily volume of 3,680 shares, the short-interest ratio is presently 2.6 days. Based on an average daily volume of 3,680 shares, the short-interest ratio is presently 2.6 days. Approximately 1.2% of the shares of the company are short sold.

Medalist Diversified REIT Stock Performance

Shares of Medalist Diversified REIT stock traded up $0.40 on Friday, reaching $11.60. 5,020 shares of the company were exchanged, compared to its average volume of 2,751. The firm has a market cap of $16.59 million, a price-to-earnings ratio of -6.30 and a beta of 0.53. Medalist Diversified REIT has a 1-year low of $9.55 and a 1-year high of $14.52. The company has a debt-to-equity ratio of 1.36, a quick ratio of 4.47 and a current ratio of 4.47. The company’s 50-day moving average is $12.01 and its two-hundred day moving average is $12.83.

Medalist Diversified REIT (NASDAQ:MDRR) last released its quarterly earnings data on Monday, March 2nd. The company reported ($0.43) earnings per share (EPS) for the quarter. The company had revenue of $2.82 million for the quarter. Medalist Diversified REIT had a negative net margin of 22.37% and a negative return on equity of 9.28%.

Medalist Diversified REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 13th. Stockholders of record on Thursday, January 8th were issued a dividend of $0.0675 per share. The ex-dividend date of this dividend was Thursday, January 8th. This represents a $0.27 annualized dividend and a dividend yield of 2.3%. Medalist Diversified REIT’s payout ratio is -14.67%.

Analysts Set New Price Targets

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