Medalist Diversified REIT - MDRR Stock Forecast, Price & News

Medalist Diversified REIT Inc. is a Maryland corporation formed on September 28, 2015. Beginning with our taxable year ended December 31, 2017, we believe that we have operated in a manner qualifying us as a real estate investment trust (REIT), and we have elected to be taxed as a REIT for federal income tax purposes. Our company serves as the general partner of Medalist Diversified Holdings, LP which was formed as a Delaware limited partnership on September 29, 2015. Our company was formed to acquire, reposition, renovate, lease and manage income-producing properties, with a primary focus on (i) commercial properties, including flex-industrial and retail properties, (ii) multi-family residential properties and (iii) limited service hotel properties in secondary and tertiary markets in the southeastern part of the United States, with an expected concentration in Virginia, North Carolina, South Carolina, Georgia, Florida and Alabama.

Medalist Diversified REIT Stock Performance

Shares of MDRR Stock opened at $0.89 on Friday. The firm has a market capitalization of $15.56 million, a PE ratio of -4.96 and a beta of 0.86. The firm has a fifty day simple moving average of $0.88 and a two-hundred day simple moving average of $0.98. The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 3.19. Medalist Diversified REIT has a 12 month low of $0.77 and a 12 month high of $1.55.

Medalist Diversified REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 21st. Shareholders of record on Monday, July 18th were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, July 15th. This represents a $0.08 dividend on an annualized basis and a yield of 8.97%. Medalist Diversified REIT's dividend payout ratio (DPR) is presently -44.44%.

Insider Buying and Selling at Medalist Diversified REIT

In other Medalist Diversified REIT news, major shareholder Alfred Lee Finley purchased 209,236 shares of the firm's stock in a transaction on Monday, July 25th. The stock was acquired at an average price of $0.88 per share, for a total transaction of $184,127.68. Following the purchase, the insider now owns 1,989,236 shares of the company's stock, valued at approximately $1,750,527.68. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Charles Brent Jr. Winn bought 30,568 shares of Medalist Diversified REIT stock in a transaction dated Thursday, June 16th. The stock was purchased at an average price of $0.89 per share, for a total transaction of $27,205.52. Following the purchase, the chief financial officer now directly owns 252,652 shares in the company, valued at approximately $224,860.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Alfred Lee Finley bought 209,236 shares of Medalist Diversified REIT stock in a transaction dated Monday, July 25th. The stock was purchased at an average price of $0.88 per share, with a total value of $184,127.68. Following the purchase, the insider now owns 1,989,236 shares in the company, valued at $1,750,527.68. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 350,804 shares of company stock worth $312,543. 4.10% of the stock is owned by corporate insiders.