Medalist Diversified REIT (NASDAQ:MDRR) Announces Earnings Results, Beats Estimates By $1.50 EPS

Medalist Diversified REIT (NASDAQ:MDRR) announced its quarterly earnings data on Thursday. The company reported ($0.26) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.76) by $1.50, FiscalAI reports. The company had revenue of $1.81 million for the quarter, compared to analysts’ expectations of $3.00 million. Medalist Diversified REIT had a net margin of 74.73% and a negative return on equity of 16.90%.

Medalist Diversified REIT Stock Performance

NASDAQ MDRR traded down $0.40 on Thursday, hitting $11.78. 224 shares of the company’s stock were exchanged, compared to its average volume of 3,741. The firm has a market cap of $19.19 million, a price-to-earnings ratio of 3.14 and a beta of 0.58. The firm’s 50-day moving average price is $11.66 and its two-hundred day moving average price is $11.63. Medalist Diversified REIT has a fifty-two week low of $9.47 and a fifty-two week high of $14.52. The company has a debt-to-equity ratio of 0.48, a current ratio of 19.71 and a quick ratio of 19.71.

Medalist Diversified REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Thursday, July 23rd were given a dividend of $0.0675 per share. The ex-dividend date was Thursday, July 23rd. This represents a $0.27 annualized dividend and a yield of 2.3%. Medalist Diversified REIT’s payout ratio is presently 7.20%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Medalist Diversified REIT from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, June 9th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

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.