Frank Kavanaugh Acquires 7,673 Shares of Medalist Diversified REIT, Inc. (NASDAQ:MDRR) Stock

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) CEO Frank Kavanaugh bought 7,673 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The shares were bought at an average cost of $5.91 per share, for a total transaction of $45,347.43. Following the completion of the acquisition, the chief executive officer now owns 347,673 shares of the company’s stock, valued at $2,054,747.43. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Frank Kavanaugh also recently made the following trade(s):

• On Friday, May 24th, Frank Kavanaugh acquired 7,584 shares of Medalist Diversified REIT stock. The stock was bought at an average price of $5.82 per share, for a total transaction of $44,138.88.
• On Wednesday, May 22nd, Frank Kavanaugh bought 7,702 shares of Medalist Diversified REIT stock. The shares were purchased at an average cost of $5.67 per share, with a total value of $43,670.34.
• On Monday, May 20th, Frank Kavanaugh bought 995 shares of Medalist Diversified REIT stock. The stock was purchased at an average price of $5.59 per share, with a total value of $5,562.05.
• On Tuesday, March 19th, Frank Kavanaugh purchased 1,372 shares of Medalist Diversified REIT stock. The shares were purchased at an average price of $5.82 per share, for a total transaction of $7,985.04.
• On Friday, May 17th, Frank Kavanaugh acquired 41,600 shares of Medalist Diversified REIT stock. The stock was purchased at an average price of $5.64 per share, with a total value of $234,624.00.

Medalist Diversified REIT Price Performance

NASDAQ:MDRR opened at $5.76 on Wednesday. The company has a quick ratio of 5.21, a current ratio of 5.21 and a debt-to-equity ratio of 2.86. Medalist Diversified REIT, Inc. has a 52 week low of $4.12 and a 52 week high of $6.13. The stock’s 50-day moving average price is $5.65 and its 200-day moving average price is $5.46. The stock has a market capitalization of $12.89 million, a PE ratio of -6.26 and a beta of 0.74.

Medalist Diversified REIT Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Monday, April 22nd were issued a $0.02 dividend. This is a positive change from Medalist Diversified REIT’s previous quarterly dividend of $0.01. This represents a $0.08 annualized dividend and a yield of 1.39%. The ex-dividend date was Friday, April 19th. Medalist Diversified REIT’s dividend payout ratio (DPR) is presently -8.70%.

Institutional Trading of Medalist Diversified REIT

A hedge fund recently bought a new stake in Medalist Diversified REIT stock. Stilwell Value LLC purchased a new position in Medalist Diversified REIT, Inc. (NASDAQ:MDRR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 22,835 shares of the company’s stock, valued at approximately $121,000. Stilwell Value LLC owned approximately 1.03% of Medalist Diversified REIT as of its most recent filing with the Securities and Exchange Commission. 17.40% of the stock is currently owned by hedge funds and other institutional investors.

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.