Medalist Diversified REIT (NASDAQ:MDRR) Given “Sell (D)” Rating at Weiss Ratings

Weiss Ratings reiterated their sell (d) rating on shares of Medalist Diversified REIT (NASDAQ:MDRR) in a research note released on Tuesday,Weiss Ratings reports.

Medalist Diversified REIT Trading Down 1.3%

Shares of NASDAQ:MDRR opened at $13.33 on Tuesday. Medalist Diversified REIT has a 52-week low of $9.55 and a 52-week high of $15.00. The stock has a market cap of $17.99 million, a price-to-earnings ratio of -7.36 and a beta of 0.39. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 1.72. The business has a 50-day moving average price of $12.76 and a 200-day moving average price of $12.00.

Medalist Diversified REIT (NASDAQ:MDRR) last announced its quarterly earnings data on Thursday, August 7th. The company reported ($0.34) earnings per share (EPS) for the quarter. Medalist Diversified REIT had a negative return on equity of 10.25% and a negative net margin of 23.54%.The firm had revenue of $2.46 million during the quarter.

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 given a dividend of $0.0675 per share. This represents a $0.27 annualized dividend and a yield of 2.0%. The ex-dividend date was Thursday, October 9th. Medalist Diversified REIT’s dividend payout ratio (DPR) is currently -14.92%.

Insiders Place Their Bets

In related news, CEO Frank Kavanaugh purchased 22,899 shares of Medalist Diversified REIT stock in a transaction that occurred on Friday, August 29th. The stock was bought at an average cost of $12.50 per share, for a total transaction of $286,237.50. Following the completion of the transaction, the chief executive officer owned 58,020 shares in the company, valued at $725,250. The trade was a 65.20% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders purchased 49,655 shares of company stock worth $588,765 in the last three months. 43.80% of the stock is currently owned by company insiders.

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.