Renaissance Technologies LLC Raises Holdings in Medalist Diversified REIT, Inc. (NASDAQ:MDRR)

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

Medalist Diversified REIT Stock Performance

NASDAQ MDRR opened at $12.26 on Tuesday. Medalist Diversified REIT, Inc. has a fifty-two week low of $8.24 and a fifty-two week 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 stock has a 50 day simple moving average of $12.22. The stock has a market cap of $13.71 million, a PE ratio of -6.66 and a beta of 0.73.

Medalist Diversified REIT Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 21st. Shareholders of record on Wednesday, October 16th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Wednesday, October 16th. Medalist Diversified REIT’s dividend payout ratio (DPR) is currently -13.04%.

Insiders Place Their Bets

In other Medalist Diversified REIT news, CEO Frank Kavanaugh acquired 13,961 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was acquired at an average price of $12.14 per share, for a total transaction of $169,486.54. Following the acquisition, the chief executive officer now owns 192,631 shares in the company, valued at $2,338,540.34. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last 90 days, insiders acquired 24,623 shares of company stock worth $300,483. 16.92% of the stock is currently owned by company insiders.

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.