Medalist Diversified REIT (NASDAQ:MDRR) CEO Frank Kavanaugh Buys 1,028 Shares

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) CEO Frank Kavanaugh purchased 1,028 shares of the stock in a transaction on Friday, August 22nd. The shares were acquired at an average cost of $11.99 per share, with a total value of $12,325.72. Following the transaction, the chief executive officer directly owned 24,139 shares in the company, valued at $289,426.61. The trade was a 4.45% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Monday, August 25th, Frank Kavanaugh purchased 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 Wednesday, August 20th, Frank Kavanaugh purchased 17,525 shares of Medalist Diversified REIT stock. The shares were acquired at an average cost of $11.24 per share, with a total value of $196,981.00.
• On Tuesday, August 19th, Frank Kavanaugh bought 105 shares of Medalist Diversified REIT stock. The shares were purchased at an average price of $10.85 per share, for a total transaction of $1,139.25.
• On Monday, August 18th, Frank Kavanaugh bought 1 shares of Medalist Diversified REIT stock. The shares were purchased at an average price of $10.85 per share, for a total transaction of $10.85.
• On Friday, August 15th, Frank Kavanaugh bought 3,562 shares of Medalist Diversified REIT stock. The shares were purchased at an average price of $11.14 per share, for a total transaction of $39,680.68.
• On Thursday, August 14th, Frank Kavanaugh bought 7 shares of Medalist Diversified REIT stock. The shares were purchased at an average price of $10.85 per share, for a total transaction of $75.95.
• On Wednesday, August 13th, Frank Kavanaugh bought 1,911 shares of Medalist Diversified REIT stock. The shares were purchased at an average price of $10.85 per share, for a total transaction of $20,734.35.
• On Friday, June 13th, Frank Kavanaugh bought 4 shares of Medalist Diversified REIT stock. The shares were purchased at an average price of $11.75 per share, for a total transaction of $47.00.

Medalist Diversified REIT Stock Down 1.4%

MDRR stock opened at $11.71 on Thursday. Medalist Diversified REIT, Inc. has a fifty-two week low of $9.55 and a fifty-two week high of $15.00. The business’s 50 day moving average price is $11.06 and its two-hundred day moving average price is $11.83. The company has a debt-to-equity ratio of 1.72, a quick ratio of 2.74 and a current ratio of 2.74. The company has a market capitalization of $15.81 million, a price-to-earnings ratio of -6.47 and a beta of 0.26.

Medalist Diversified REIT (NASDAQ:MDRR) last posted its earnings results on Thursday, August 7th. The company reported ($0.34) earnings per share for the quarter. Medalist Diversified REIT had a negative return on equity of 10.25% and a negative net margin of 23.54%.The firm had revenue of $2.46 million for the quarter.

Medalist Diversified REIT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 16th. Shareholders of record on Friday, July 11th were issued a dividend of $0.0675 per share. The ex-dividend date was Friday, July 11th. This represents a $0.27 dividend on an annualized basis and a dividend yield of 2.3%. Medalist Diversified REIT’s dividend payout ratio is -14.92%.

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.