Medalist Diversified REIT, Inc. (NASDAQ:MDRR) Short Interest Down 38.4% in August

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) saw a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 3,236 shares, a decrease of 38.4% from the July 30th total of 5,251 shares. Approximately 0.9% of the shares of the stock are sold short. Based on an average daily volume of 11,472 shares, the short-interest ratio is presently 0.3 days.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded Medalist Diversified REIT from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, August 21st. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

Institutional Trading of Medalist Diversified REIT

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

Medalist Diversified REIT Stock Performance

Shares of MDRR opened at $12.00 on Monday. 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 firm has a 50 day simple moving average of $11.73 and a 200-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 stock has a market cap of $19.56 million, a price-to-earnings ratio of 3.13 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 the consensus estimate of ($1.76) by $1.50. The firm had revenue of $1.81 million during the quarter, compared to the consensus estimate of $3.00 million. Medalist Diversified REIT had a negative return on equity of 15.18% and a net margin of 80.24%.

Medalist Diversified REIT Announces Dividend

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

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.