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

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

Institutional Investors Weigh In On Medalist Diversified REIT

A hedge fund recently bought a new stake in Medalist Diversified REIT stock. Public Employees Retirement System of Ohio bought a new position in shares of Medalist Diversified REIT, Inc. (NASDAQ:MDRR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 42,548 shares of the company’s stock, valued at approximately $221,000. Public Employees Retirement System of Ohio owned about 2.61% of Medalist Diversified REIT at the end of the most recent quarter. Institutional investors and hedge funds own 17.40% of the company’s stock.

Analyst Ratings Changes

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 investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Medalist Diversified REIT Stock Performance

Shares of MDRR stock traded up $0.05 during mid-day trading on Tuesday, hitting $11.79. 295 shares of the stock were exchanged, compared to its average volume of 3,704. The stock’s fifty day simple moving average is $11.67 and its two-hundred day simple moving average is $11.61. The stock has a market capitalization of $19.20 million, a price-to-earnings ratio of 3.08 and a beta of 0.58. Medalist Diversified REIT has a 12-month low of $9.47 and a 12-month high of $14.52. The company has a debt-to-equity ratio of 0.24, a quick ratio of 35.77 and a current ratio of 35.77.

Medalist Diversified REIT (NASDAQ:MDRR) last posted its earnings results on Thursday, August 13th. The company reported ($0.26) earnings per share for the quarter, beating the consensus estimate of ($1.76) by $1.50. The business had revenue of $1.81 million during the quarter, compared to the consensus estimate 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 company also recently declared 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 of this dividend was Thursday, July 23rd. This represents a $0.27 annualized dividend and a yield of 2.3%. Medalist Diversified REIT’s payout ratio is 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.