Medalist Diversified REIT, Inc. (NASDAQ:MDRR) Short Interest Down 36.8% in July

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 5,251 shares, a decrease of 36.8% from the July 15th total of 8,302 shares. Based on an average daily volume of 1,191 shares, the short-interest ratio is presently 4.4 days. Currently, 1.4% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Medalist Diversified REIT from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, June 9th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

Institutional Investors Weigh In On Medalist Diversified REIT

An institutional investor recently bought a new stake in Medalist Diversified REIT stock. Public Employees Retirement System of Ohio acquired a new position in shares of Medalist Diversified REIT, Inc. (NASDAQ:MDRR) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 42,548 shares of the company’s stock, valued at approximately $221,000. Public Employees Retirement System of Ohio owned approximately 2.61% of Medalist Diversified REIT as of its most recent filing with the Securities & Exchange Commission. 17.40% of the stock is currently owned by hedge funds and other institutional investors.

Medalist Diversified REIT Price Performance

MDRR stock traded up $0.43 during trading on Wednesday, hitting $11.78. The stock had a trading volume of 295 shares, compared to its average volume of 6,423. The company has a debt-to-equity ratio of 0.24, a current ratio of 35.77 and a quick ratio of 35.77. Medalist Diversified REIT has a twelve month low of $9.47 and a twelve month high of $14.52. The stock has a market capitalization of $19.19 million, a P/E ratio of 3.07 and a beta of 0.58. The company’s 50-day moving average price is $11.66 and its two-hundred day moving average price is $11.61.

Medalist Diversified REIT (NASDAQ:MDRR) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.26) EPS for the quarter, topping the consensus estimate of ($1.76) by $1.50. The company had revenue of $1.81 million during the quarter, compared to analyst estimates of $3.00 million. Medalist Diversified REIT had a negative return on equity of 15.18% and a net margin of 80.24%.

Medalist Diversified REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Stockholders of record on Thursday, July 23rd were issued a dividend of $0.0675 per share. This represents a $0.27 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Thursday, July 23rd. Medalist Diversified REIT’s payout ratio is currently 7.05%.

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.