Medalist Diversified REIT (NASDAQ:MDRR) CEO Buys $33,540.18 in Stock

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) CEO Frank Kavanaugh purchased 2,582 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The shares were purchased at an average price of $12.99 per share, with a total value of $33,540.18. Following the completion of the transaction, the chief executive officer directly owned 302,177 shares of the company’s stock, valued at $3,925,279.23. This represents a 0.86% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Wednesday, December 10th, Frank Kavanaugh acquired 70,000 shares of Medalist Diversified REIT stock. The stock was purchased at an average price of $14.71 per share, for a total transaction of $1,029,700.00.
• On Monday, December 8th, Frank Kavanaugh bought 958 shares of Medalist Diversified REIT stock. The shares were acquired at an average cost of $13.50 per share, for a total transaction of $12,933.00.
• On Friday, December 5th, Frank Kavanaugh bought 7,063 shares of Medalist Diversified REIT stock. The shares were acquired at an average cost of $14.03 per share, with a total value of $99,093.89.
• On Friday, November 14th, Frank Kavanaugh bought 20,000 shares of Medalist Diversified REIT stock. The stock was acquired at an average price of $13.50 per share, with a total value of $270,000.00.
• On Thursday, November 13th, Frank Kavanaugh purchased 5,953 shares of Medalist Diversified REIT stock. The stock was acquired at an average cost of $13.28 per share, for a total transaction of $79,055.84.
• On Wednesday, November 12th, Frank Kavanaugh purchased 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 2.7%

Shares of NASDAQ MDRR opened at $13.35 on Thursday. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 1.51. The company has a 50-day moving average of $13.38 and a 200 day moving average of $12.43. Medalist Diversified REIT, Inc. has a 12-month low of $9.55 and a 12-month high of $15.00. The stock has a market cap of $14.82 million, a PE ratio of -7.38 and a beta of 0.46.

Medalist Diversified REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 14th. Investors of record on Thursday, October 9th were issued a $0.0675 dividend. This represents a $0.27 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Thursday, October 9th. Medalist Diversified REIT’s dividend payout ratio (DPR) is currently -14.92%.

Analysts Set New Price Targets

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

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.