Medalist Diversified REIT, Inc. (NASDAQ:MDRR) CEO Acquires $112,463.87 in Stock

Medalist Diversified REIT, Inc. (NASDAQ:MDRRGet Free Report) CEO Frank Kavanaugh bought 20,191 shares of the business’s stock in a transaction on Monday, March 11th. The stock was acquired at an average cost of $5.57 per share, for a total transaction of $112,463.87. Following the acquisition, the chief executive officer now directly owns 242,428 shares of the company’s stock, valued at $1,350,323.96. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Medalist Diversified REIT Stock Performance

Shares of NASDAQ MDRR opened at $5.68 on Thursday. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 4.40. The firm’s 50-day moving average price is $5.24 and its two-hundred day moving average price is $5.26. Medalist Diversified REIT, Inc. has a 52-week low of $4.12 and a 52-week high of $7.09. The stock has a market capitalization of $12.71 million, a P/E ratio of -3.57 and a beta of 0.90.

Medalist Diversified REIT Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 2nd. Shareholders of record on Thursday, February 1st were issued a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, January 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.70%. Medalist Diversified REIT’s dividend payout ratio is currently -2.52%.

Hedge Funds Weigh In On Medalist Diversified REIT

A number of large investors have recently bought and sold shares of the business. Renaissance Technologies LLC lifted its holdings in Medalist Diversified REIT by 23.4% in the second quarter. Renaissance Technologies LLC now owns 75,998 shares of the company’s stock worth $63,000 after acquiring an additional 14,403 shares during the last quarter. Stilwell Value LLC raised its holdings in shares of Medalist Diversified REIT by 70.8% during the fourth quarter. Stilwell Value LLC now owns 38,992 shares of the company’s stock valued at $205,000 after buying an additional 16,157 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Medalist Diversified REIT by 166.3% during the third quarter. Vanguard Group Inc. now owns 48,881 shares of the company’s stock valued at $40,000 after buying an additional 30,525 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Medalist Diversified REIT during the first quarter valued at approximately $75,000. Institutional investors own 50.19% of the company’s stock.

About Medalist Diversified REIT

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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.

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Insider Buying and Selling by Quarter for Medalist Diversified REIT (NASDAQ:MDRR)

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