Medalist Diversified REIT, Inc. (NASDAQ:MDRR – Get 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
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.
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