Medalist Diversified REIT (NASDAQ:MDRR) Shares Down 3.2% – Here’s What Happened

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) dropped 3.2% during trading on Monday. The company traded as low as $10.01 and last traded at $10.08. 685 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 5,317 shares. The stock had previously closed at $10.41.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of Medalist Diversified REIT from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, September 28th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Medalist Diversified REIT has an average rating of “Hold”.

Medalist Diversified REIT Price Performance

The company has a quick ratio of 35.77, a current ratio of 35.77 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $16.43 million, a price-to-earnings ratio of 2.63 and a beta of 0.58. The company’s 50-day simple moving average is $11.72 and its 200 day simple moving average is $11.59.

Medalist Diversified REIT (NASDAQ:MDRR) last released its quarterly earnings results 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. 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 the consensus estimate of $3.00 million.

Medalist Diversified REIT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Thursday, July 23rd were issued a $0.0675 dividend. The ex-dividend date of this dividend was Thursday, July 23rd. This represents a $0.27 dividend on an annualized basis and a yield of 2.7%. Medalist Diversified REIT’s dividend payout ratio is 7.05%.

Medalist Diversified REIT Company Profile

Medalist Diversified REIT, Inc is a real estate investment trust that acquires, owns and manages income-producing commercial properties. The company’s portfolio has included office, retail, industrial and multifamily real estate, with an emphasis on properties that may offer opportunities for operational improvement and value creation.

Medalist Diversified REIT has historically focused on the Mid-Atlantic and southeastern United States, particularly markets in Virginia and North Carolina.