Medalist Diversified REIT (NASDAQ:MDRR) Posts Earnings Results, Beats Expectations By $4.61 EPS

Medalist Diversified REIT (NASDAQ:MDRR) announced its quarterly earnings results on Friday. The company reported $2.85 earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.76) by $4.61, FiscalAI reports. Medalist Diversified REIT had a net margin of 80.24% and a negative return on equity of 15.18%. The firm had revenue of $0.69 million during the quarter, compared to the consensus estimate of $3.00 million.

Medalist Diversified REIT Price Performance

Medalist Diversified REIT stock traded down $0.55 on Friday, reaching $9.95. The company’s stock had a trading volume of 10,393 shares, compared to its average volume of 4,190. The business’s fifty day moving average price is $10.95 and its 200 day moving average price is $11.48. The company has a debt-to-equity ratio of 0.24, a quick ratio of 35.77 and a current ratio of 35.77. The company has a market cap of $16.22 million, a price-to-earnings ratio of 2.60 and a beta of 0.58. Medalist Diversified REIT has a twelve month low of $9.46 and a twelve month high of $14.52.

Medalist Diversified REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 23rd. Shareholders of record on Friday, October 16th were paid a $0.0675 dividend. The ex-dividend date of this dividend was Friday, October 16th. This represents a $0.27 dividend on an annualized basis and a yield of 2.7%. Medalist Diversified REIT’s payout ratio is currently 7.05%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of Medalist Diversified REIT from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, November 4th. One research analyst has rated the stock with a Hold rating. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Medalist Diversified REIT Company Profile

Medalist Diversified REIT, Inc. is a real estate investment trust that acquires, owns, and manages commercial properties in the United States. The company has focused primarily on income-producing real estate in secondary and tertiary markets, with an emphasis on properties that may provide stable rental income and opportunities for operational or management improvements. Its portfolio and investment activities have included office properties, medical office buildings, retail and shopping-center assets, industrial or flex-space properties, and hospitality-related real estate.