Short Interest in Medalist Diversified REIT, Inc. (NASDAQ:MDRR) Decreases By 36.8%

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 5,251 shares, a drop of 36.8% from the July 15th total of 8,302 shares. Based on an average daily volume of 1,191 shares, the short-interest ratio is currently 4.4 days. Currently, 1.4% of the shares of the company are short sold.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Medalist Diversified REIT stock. Public Employees Retirement System of Ohio acquired a new stake in Medalist Diversified REIT, Inc. (NASDAQ:MDRR) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 42,548 shares of the company’s stock, valued at approximately $221,000. Public Employees Retirement System of Ohio owned 2.61% of Medalist Diversified REIT as of its most recent SEC filing. 17.40% of the stock is owned by institutional investors and hedge funds.

Medalist Diversified REIT Trading Up 3.7%

Shares of Medalist Diversified REIT stock opened at $11.78 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 35.77 and a quick ratio of 35.77. The business has a fifty day simple moving average of $11.65 and a two-hundred day simple moving average of $11.60. Medalist Diversified REIT has a 1 year low of $9.47 and a 1 year high of $14.52. The company has a market capitalization of $19.19 million, a price-to-earnings ratio of 3.07 and a beta of 0.58.

Medalist Diversified REIT (NASDAQ:MDRR) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($0.26) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.76) by $1.50. Medalist Diversified REIT had a negative return on equity of 15.18% and a net margin of 80.24%.The company had revenue of $1.81 million during the quarter, compared to analysts’ expectations of $3.00 million.

Medalist Diversified REIT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Thursday, July 23rd were paid a $0.0675 dividend. The ex-dividend date was Thursday, July 23rd. This represents a $0.27 annualized dividend and a yield of 2.3%. Medalist Diversified REIT’s payout ratio is 7.05%.

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.