Medalist Diversified REIT (NASDAQ:MDRR) Shares Down 1.5% – Here’s What Happened

Medalist Diversified REIT, Inc. (NASDAQ:MDRR)’s share price was down 1.5% during mid-day trading on Wednesday . The company traded as low as $10.96 and last traded at $11.8240. Approximately 502 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 1,695 shares. The stock had previously closed at $12.00.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Medalist Diversified REIT from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, May 26th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Medalist Diversified REIT currently has an average rating of “Sell”.

Medalist Diversified REIT Stock Up 2.7%

The firm has a market cap of $19.16 million, a price-to-earnings ratio of 3.14 and a beta of 0.58. The stock has a 50-day moving average of $11.46 and a 200-day moving average of $12.08. The company has a current ratio of 19.71, a quick ratio of 19.71 and a debt-to-equity ratio of 0.48.

Medalist Diversified REIT (NASDAQ:MDRR) last issued its earnings results on Wednesday, May 13th. The company reported ($1.90) earnings per share for the quarter, missing the consensus estimate of ($1.76) by ($0.14). Medalist Diversified REIT had a negative return on equity of 16.90% and a net margin of 74.73%.The company had revenue of $2.16 million during the quarter, compared to analyst estimates of $3.00 million.

Medalist Diversified REIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 21st. Shareholders of record on Wednesday, April 15th were given a $0.0675 dividend. The ex-dividend date was Wednesday, April 15th. This represents a $0.27 annualized dividend and a yield of 2.3%. Medalist Diversified REIT’s dividend payout ratio is 7.20%.

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. Medalist utilizes a rigorous, consistent and replicable process for sourcing and conducting due diligence of acquisitions.