Insider Buying: Medalist Diversified REIT (NASDAQ:MDRR) CEO Purchases 7,063 Shares of Stock

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) CEO Frank Kavanaugh acquired 7,063 shares of the stock in a transaction that occurred on Friday, December 5th. The stock was purchased at an average price of $14.03 per share, with a total value of $99,093.89. Following the completion of the transaction, the chief executive officer owned 228,637 shares of the company’s stock, valued at approximately $3,207,777.11. This trade represents a 3.19% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, December 8th, Frank Kavanaugh acquired 958 shares of Medalist Diversified REIT stock. The stock was bought at an average price of $13.50 per share, with a total value of $12,933.00.
• On Friday, November 14th, Frank Kavanaugh purchased 20,000 shares of Medalist Diversified REIT stock. The stock was purchased at an average price of $13.50 per share, for a total transaction of $270,000.00.
• On Thursday, November 13th, Frank Kavanaugh bought 5,953 shares of Medalist Diversified REIT stock. The shares were acquired at an average price of $13.28 per share, for a total transaction of $79,055.84.
• On Wednesday, November 12th, Frank Kavanaugh acquired 6 shares of Medalist Diversified REIT stock. The shares were acquired at an average price of $13.50 per share, for a total transaction of $81.00.

Medalist Diversified REIT Stock Up 3.1%

MDRR traded up $0.40 during trading on Monday, reaching $13.50. The company had a trading volume of 2,589 shares, compared to its average volume of 3,082. The company has a market cap of $14.99 million, a P/E ratio of -7.46 and a beta of 0.46. Medalist Diversified REIT, Inc. has a 12 month low of $9.55 and a 12 month high of $15.00. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.29 and a quick ratio of 2.29. The business’s fifty day moving average price is $13.41 and its 200 day moving average price is $12.34.

Medalist Diversified REIT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 14th. Shareholders of record on Thursday, October 9th were paid a $0.0675 dividend. The ex-dividend date was Thursday, October 9th. This represents a $0.27 annualized dividend and a yield of 2.0%. Medalist Diversified REIT’s payout ratio is presently -14.92%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Medalist Diversified REIT in a research report on Tuesday, October 14th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

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.