Medalist Diversified REIT (NASDAQ:MDRR) Director Marc Carlson Sells 20,000 Shares

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) Director Marc Carlson sold 20,000 shares of the stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $13.50, for a total value of $270,000.00. Following the transaction, the director owned 1,039 shares of the company’s stock, valued at $14,026.50. This represents a 95.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Medalist Diversified REIT Price Performance

MDRR traded up $0.71 during trading hours on Monday, hitting $14.20. The company’s stock had a trading volume of 606 shares, compared to its average volume of 3,102. The stock has a market cap of $15.79 million, a price-to-earnings ratio of -7.85 and a beta of 0.58. The business’s 50-day moving average price is $13.37 and its 200-day moving average price is $12.16. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 1.72. Medalist Diversified REIT, Inc. has a 12 month low of $9.55 and a 12 month high of $15.00.

Medalist Diversified REIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 14th. Stockholders of record on Thursday, October 9th were issued a $0.0675 dividend. The ex-dividend date was Thursday, October 9th. This represents a $0.27 dividend on an annualized basis and a dividend yield of 1.9%. Medalist Diversified REIT’s payout ratio is -14.92%.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Medalist Diversified REIT in a report on Tuesday, October 14th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average 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.