Insider Buying: Medalist Diversified REIT, Inc. (NASDAQ:MDRR) CEO Purchases 2,380 Shares of Stock

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) CEO Frank Kavanaugh bought 2,380 shares of the company’s stock in a transaction on Friday, September 13th. The stock was bought at an average price of $12.15 per share, with a total value of $28,917.00. Following the completion of the acquisition, the chief executive officer now owns 207,583 shares in the company, valued at $2,522,133.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, September 5th, Frank Kavanaugh purchased 200 shares of Medalist Diversified REIT stock. The shares were purchased at an average cost of $12.20 per share, for a total transaction of $2,440.00.
• On Friday, August 30th, Frank Kavanaugh acquired 5,569 shares of Medalist Diversified REIT stock. The shares were purchased at an average price of $12.31 per share, with a total value of $68,554.39.
• On Thursday, August 15th, Frank Kavanaugh purchased 13,961 shares of Medalist Diversified REIT stock. The stock was purchased at an average cost of $12.14 per share, with a total value of $169,486.54.

Medalist Diversified REIT Stock Performance

MDRR stock opened at $12.75 on Wednesday. The stock has a market cap of $14.25 million, a price-to-earnings ratio of -6.93 and a beta of 0.73. Medalist Diversified REIT, Inc. has a one year low of $8.24 and a one year high of $14.94. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 2.95. The firm’s 50 day moving average price is $12.12.

Medalist Diversified REIT Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, July 26th. Stockholders of record on Tuesday, July 23rd were paid a $0.05 dividend. The ex-dividend date was Tuesday, July 23rd. Medalist Diversified REIT’s dividend payout ratio (DPR) is presently -10.87%.

Institutional Trading of Medalist Diversified REIT

A hedge fund recently raised its stake in Medalist Diversified REIT stock. Renaissance Technologies LLC boosted its stake in shares of Medalist Diversified REIT, Inc. (NASDAQ:MDRR) by 7.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,449 shares of the company’s stock after buying an additional 900 shares during the quarter. Renaissance Technologies LLC owned 1.11% of Medalist Diversified REIT worth $72,000 as of its most recent SEC filing. 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.