Frank Kavanaugh Acquires 20,000 Shares of Medalist Diversified REIT (NASDAQ:MDRR) Stock

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) CEO Frank Kavanaugh bought 20,000 shares of the stock in a transaction that occurred on Friday, November 14th. The stock was purchased at an average price of $13.50 per share, for a total transaction of $270,000.00. Following the completion of the purchase, the chief executive officer directly owned 223,979 shares in the company, valued at $3,023,716.50. The trade was a 9.80% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Frank Kavanaugh also recently made the following trade(s):

• On Thursday, November 13th, Frank Kavanaugh bought 5,953 shares of Medalist Diversified REIT stock. The shares were purchased at an average cost of $13.28 per share, with a total value of $79,055.84.
• On Wednesday, November 12th, Frank Kavanaugh purchased 6 shares of Medalist Diversified REIT stock. The shares were purchased at an average price of $13.50 per share, with a total value of $81.00.
• On Friday, August 29th, Frank Kavanaugh acquired 22,899 shares of Medalist Diversified REIT stock. The stock was acquired at an average price of $12.50 per share, for a total transaction of $286,237.50.
• On Monday, August 25th, Frank Kavanaugh acquired 2,500 shares of Medalist Diversified REIT stock. The shares were acquired at an average cost of $12.00 per share, with a total value of $30,000.00.
• On Friday, August 22nd, Frank Kavanaugh bought 1,028 shares of Medalist Diversified REIT stock. The shares were acquired at an average price of $11.99 per share, with a total value of $12,325.72.
• On Wednesday, August 20th, Frank Kavanaugh bought 17,525 shares of Medalist Diversified REIT stock. The stock was acquired at an average cost of $11.24 per share, for a total transaction of $196,981.00.
• On Tuesday, August 19th, Frank Kavanaugh purchased 105 shares of Medalist Diversified REIT stock. The stock was acquired at an average cost of $10.85 per share, for a total transaction of $1,139.25.

Medalist Diversified REIT Stock Down 2.6%

Shares of MDRR stock opened at $13.85 on Wednesday. Medalist Diversified REIT, Inc. has a 12 month low of $9.55 and a 12 month high of $15.00. The firm has a market cap of $15.40 million, a PE ratio of -7.65 and a beta of 0.58. The stock has a 50 day moving average of $13.39 and a 200-day moving average of $12.19. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 1.72.

Medalist Diversified REIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 14th. Investors of record on Thursday, October 9th were paid a dividend of $0.0675 per share. This represents a $0.27 annualized dividend and a yield of 2.0%. The ex-dividend date was Thursday, October 9th. Medalist Diversified REIT’s dividend payout ratio is presently -14.92%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Medalist Diversified REIT in a research report on Tuesday, October 14th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

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.