Medalist Diversified REIT, Inc. (NASDAQ:MDRR) Short Interest Down 31.0% in January

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 10,737 shares, a drop of 31.0% from the December 31st total of 15,563 shares. Approximately 1.7% of the shares of the company are short sold. Based on an average daily volume of 4,680 shares, the days-to-cover ratio is currently 2.3 days. Based on an average daily volume of 4,680 shares, the days-to-cover ratio is currently 2.3 days. Approximately 1.7% of the shares of the company are short sold.

Insider Buying and Selling

In other Medalist Diversified REIT news, Director Marc Carlson sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $13.50, for a total transaction of $270,000.00. Following the sale, the director owned 1,039 shares of the company’s stock, valued at approximately $14,026.50. The trade was a 95.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Frank Kavanaugh purchased 2,582 shares of the business’s stock in a transaction on Friday, December 12th. The shares were bought at an average price of $12.99 per share, for a total transaction of $33,540.18. Following the purchase, the chief executive officer directly owned 302,177 shares in the company, valued at $3,925,279.23. This represents a 0.86% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 107,273 shares of company stock valued at $1,533,639 over the last quarter. 43.80% of the stock is owned by company insiders.

Medalist Diversified REIT Stock Performance

Shares of NASDAQ:MDRR traded up $0.09 during trading on Friday, hitting $12.21. 243 shares of the stock traded hands, compared to its average volume of 2,618. The company has a fifty day moving average price of $12.81 and a two-hundred day moving average price of $12.68. Medalist Diversified REIT has a 52-week low of $9.55 and a 52-week high of $14.52. The company has a market cap of $13.57 million, a price-to-earnings ratio of -6.74 and a beta of 0.48. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 1.51.

Medalist Diversified REIT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 13th. Stockholders of record on Thursday, January 8th were paid a dividend of $0.0675 per share. This represents a $0.27 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Thursday, January 8th. Medalist Diversified REIT’s dividend payout ratio is presently -14.92%.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Medalist Diversified REIT in a research note on Friday, January 9th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company 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. Medalist utilizes a rigorous, consistent and replicable process for sourcing and conducting due diligence of acquisitions.