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

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) was the target of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 3,236 shares, a drop of 38.4% from the July 30th total of 5,251 shares. Based on an average daily trading volume, of 11,472 shares, the short-interest ratio is presently 0.3 days. Approximately 0.9% of the company’s stock are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings lowered Medalist Diversified REIT from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, August 21st. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Medalist Diversified REIT has an average rating of “Hold”.

Medalist Diversified REIT Stock Down 1.6%

MDRR stock traded down $0.20 during trading on Wednesday, hitting $12.00. 1,428 shares of the stock traded hands, compared to its average volume of 5,995. The stock has a market cap of $19.54 million, a price-to-earnings ratio of 3.13 and a beta of 0.57. 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 1 year low of $9.47 and a 1 year high of $14.52. The firm’s 50 day moving average is $11.75 and its two-hundred day moving average is $11.61.

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

Medalist Diversified REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Thursday, July 23rd were given a dividend of $0.0675 per share. The ex-dividend date of this dividend was Thursday, July 23rd. This represents a $0.27 annualized dividend and a dividend yield of 2.3%. Medalist Diversified REIT’s dividend payout ratio (DPR) is 7.05%.

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.