Medalist Diversified REIT, Inc. (MDRR) To Go Ex-Dividend on October 16th

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) declared a quarterly dividend on Tuesday, October 6th. Shareholders of record on Friday, October 16th will be given a dividend of $0.0675 per share on Friday, October 23rd. This represents a $0.27 annualized dividend and a yield of 2.6%. The ex-dividend date is Friday, October 16th.

Medalist Diversified REIT has decreased its dividend payment by an average of 0.3% per year over the last three years and has increased its dividend annually for the last 2 consecutive years.

Medalist Diversified REIT Price Performance

Shares of MDRR opened at $10.51 on Wednesday. The company has a current ratio of 35.77, a quick ratio of 35.77 and a debt-to-equity ratio of 0.24. 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 $17.12 million, a P/E ratio of 2.74 and a beta of 0.58. The stock’s 50-day moving average price is $11.58 and its two-hundred day moving average price is $11.56.

Medalist Diversified REIT (NASDAQ:MDRR) last posted its 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. The company had revenue of $1.81 million during the quarter, compared to analyst estimates of $3.00 million. Medalist Diversified REIT had a negative return on equity of 15.18% and a net margin of 80.24%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of Medalist Diversified REIT from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, September 28th. One analyst has rated the stock with a Hold rating. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

About Medalist Diversified REIT

Medalist Diversified REIT, Inc (NASDAQ: MDRR) is a real estate investment trust that acquires, owns and manages income-producing commercial properties. The company focuses primarily on diversified real estate assets, including office, retail and hospitality properties.

Medalist’s portfolio has included commercial properties and hotels, with an emphasis on assets located in the southeastern United States. Its activities include property operations, leasing and asset management, with the goal of generating rental and operating income from its real estate holdings.

Founded in 2014, Medalist Diversified REIT became a publicly traded company in 2015.