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 Price Performance

MDRR opened at $0.89 on Thursday. The company has a quick ratio of 3.10, a current ratio of 3.10 and a debt-to-equity ratio of 3.19. The firm's fifty day moving average price is $0.88 and its two-hundred day moving average price is $0.98. Medalist Diversified REIT has a 1 year low of $0.77 and a 1 year high of $1.55.

Medalist Diversified REIT Dividend Announcement

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

Insider Buying and Selling

In related news, CFO Charles Brent Jr. Winn purchased 30,568 shares of the business's stock in a transaction that occurred on Thursday, June 16th. The shares were bought at an average cost of $0.89 per share, with a total value of $27,205.52. Following the acquisition, the chief financial officer now owns 252,652 shares of the company's stock, valued at $224,860.28. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, major shareholder Alfred Lee Finley purchased 209,236 shares of the business's stock in a transaction that occurred on Monday, July 25th. The shares were bought at an average cost of $0.88 per share, with a total value of $184,127.68. Following the acquisition, the insider now owns 1,989,236 shares of the company's stock, valued at $1,750,527.68. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Charles Brent Jr. Winn purchased 30,568 shares of the business's stock in a transaction that occurred on Thursday, June 16th. The stock was bought at an average cost of $0.89 per share, for a total transaction of $27,205.52. Following the completion of the acquisition, the chief financial officer now directly owns 252,652 shares in the company, valued at approximately $224,860.28. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 333,804 shares of company stock valued at $297,093. 4.10% of the stock is owned by insiders.