Medalist Diversified REIT (NASDAQ:MDRR) Issues Earnings Results

Medalist Diversified REIT (NASDAQ:MDRR) released its quarterly earnings results on Friday. The company reported $2.85 EPS for the quarter, topping analysts’ consensus estimates of ($1.76) by $4.61, FiscalAI reports. Medalist Diversified REIT had a negative return on equity of 15.18% and a net margin of 80.24%. The company had revenue of $0.69 million for the quarter, compared to analysts’ expectations of $3.00 million.

Medalist Diversified REIT Stock Down 5.2%

MDRR stock traded down $0.55 during midday trading on Friday, hitting $9.95. The company’s stock had a trading volume of 10,393 shares, compared to its average volume of 4,673. The company has a quick ratio of 35.77, a current ratio of 35.77 and a debt-to-equity ratio of 0.24. Medalist Diversified REIT has a 52-week low of $9.46 and a 52-week high of $14.52. The firm has a market capitalization of $16.22 million, a P/E ratio of 2.60 and a beta of 0.58. The firm has a 50-day simple moving average of $10.90 and a 200-day simple moving average of $11.46.

Medalist Diversified REIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 23rd. Shareholders of record on Friday, October 16th were issued a dividend of $0.0675 per share. The ex-dividend date was Friday, October 16th. 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%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded Medalist Diversified REIT from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, November 4th. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Medalist Diversified REIT Company Profile

Medalist Diversified REIT, Inc. is a real estate investment trust that acquires, owns and manages income-producing commercial properties. Its portfolio has included retail, industrial, hospitality and multifamily properties. The company focuses on properties in the southeastern United States, including markets in Virginia and the Carolinas. Its investment approach emphasizes properties it believes can generate rental income and offer opportunities for operational improvements. Medalist Diversified REIT was formed in 2015 and is based in Richmond, Virginia.