Medalist Diversified REIT (NASDAQ:MDRR) Trading Up 0.7% – What’s Next?

Shares of Medalist Diversified REIT, Inc. (NASDAQ:MDRR) rose 0.7% on Thursday . The stock traded as high as $11.35 and last traded at $11.4350. Approximately 899 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 3,269 shares. The stock had previously closed at $11.35.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Medalist Diversified REIT from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, June 9th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Medalist Diversified REIT Trading Up 0.7%

The stock’s 50 day simple moving average is $11.48 and its two-hundred day simple moving average is $11.86. The stock has a market capitalization of $18.64 million, a PE ratio of 3.05 and a beta of 0.58. The company has a debt-to-equity ratio of 0.48, a current ratio of 19.71 and a quick ratio of 19.71.

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

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. This represents a $0.27 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Wednesday, April 15th. Medalist Diversified REIT’s dividend payout ratio (DPR) is currently 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.