Medalist Diversified REIT (NASDAQ:MDRR) Issues Quarterly Earnings Results

Medalist Diversified REIT (NASDAQ:MDRR) issued its quarterly earnings data on Monday. The company reported ($0.43) earnings per share for the quarter, FiscalAI reports. The firm had revenue of $2.82 million for the quarter. Medalist Diversified REIT had a negative return on equity of 7.87% and a negative net margin of 21.19%.

Medalist Diversified REIT Stock Up 0.7%

NASDAQ MDRR opened at $11.63 on Wednesday. The stock has a market capitalization of $12.91 million, a P/E ratio of -6.43 and a beta of 0.53. Medalist Diversified REIT has a 52 week low of $9.55 and a 52 week high of $14.52. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.29 and a current ratio of 2.29. The stock has a fifty day moving average of $12.19 and a 200-day moving average of $12.86.

Medalist Diversified REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 13th. Shareholders of record on Thursday, January 8th were given a $0.0675 dividend. This represents a $0.27 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Thursday, January 8th. Medalist Diversified REIT’s dividend payout ratio (DPR) is presently -14.92%.

Insider Activity

In other news, CEO Frank Kavanaugh purchased 70,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The shares were acquired at an average price of $14.71 per share, for a total transaction of $1,029,700.00. Following the completion of the acquisition, the chief executive officer directly owned 299,595 shares in the company, valued at approximately $4,407,042.45. The trade was a 30.49% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders acquired a total of 81,143 shares of company stock worth $1,182,221 over the last quarter. Corporate insiders own 43.80% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Medalist Diversified REIT in a research report on Friday, January 9th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Medalist Diversified REIT currently has an average rating of “Sell”.

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.