Medalist Diversified REIT Stock Scheduled to Split on Wednesday, July 3rd (NASDAQ:MDRR)

Medalist Diversified REIT, Inc. (NASDAQ:MDRR)’s stock is set to split on Wednesday, July 3rd. The 5-1 split was announced on Wednesday, July 3rd. The newly issued shares will be distributed to shareholders after the market closes on Wednesday, July 3rd.

Medalist Diversified REIT Price Performance

MDRR stock opened at $5.77 on Tuesday. Medalist Diversified REIT has a 52 week low of $4.12 and a 52 week high of $6.13. The company has a quick ratio of 5.21, a current ratio of 5.21 and a debt-to-equity ratio of 2.86. The company has a fifty day simple moving average of $5.67 and a two-hundred day simple moving average of $5.48. The firm has a market capitalization of $12.92 million, a P/E ratio of -6.27 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 given a dividend of $0.02 per share. The ex-dividend date was Friday, April 19th. This represents a $0.08 annualized dividend and a yield of 1.39%. This is a positive change from Medalist Diversified REIT’s previous quarterly dividend of $0.01. Medalist Diversified REIT’s dividend payout ratio (DPR) is -8.70%.

Insider Buying and Selling at Medalist Diversified REIT

In other Medalist Diversified REIT news, CEO Frank Kavanaugh acquired 7,702 shares of the stock in a transaction on Wednesday, May 22nd. The stock was acquired at an average price of $5.67 per share, for a total transaction of $43,670.34. Following the completion of the transaction, the chief executive officer now directly owns 325,161 shares of the company’s stock, valued at $1,843,662.87. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders acquired 67,804 shares of company stock worth $385,943 over the last 90 days. 16.92% of the stock is owned by insiders.

Institutional Investors Weigh In On Medalist Diversified REIT

A hedge fund recently bought a new stake in Medalist Diversified REIT stock. Stilwell Value LLC bought a new position in Medalist Diversified REIT, Inc. (NASDAQ:MDRR) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 22,835 shares of the company’s stock, valued at approximately $121,000. Stilwell Value LLC owned about 1.03% 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.

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.