Medalist Diversified REIT (NASDAQ:MDRR) Releases Earnings Results, Beats Expectations By $1.50 EPS

Medalist Diversified REIT (NASDAQ:MDRR) announced its earnings results on Thursday. The company reported ($0.26) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.76) by $1.50, FiscalAI reports. Medalist Diversified REIT had a negative return on equity of 16.90% and a net margin of 74.73%.The company had revenue of $1.81 million for the quarter, compared to analyst estimates of $3.00 million.

Medalist Diversified REIT Stock Down 3.2%

NASDAQ MDRR traded down $0.40 during trading on Thursday, reaching $11.78. The company’s stock had a trading volume of 224 shares, compared to its average volume of 3,741. The company has a current ratio of 19.71, a quick ratio of 19.71 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $19.19 million, a PE ratio of 3.14 and a beta of 0.58. The business has a 50-day moving average price of $11.66 and a 200-day moving average price of $11.63. Medalist Diversified REIT has a 1-year low of $9.47 and a 1-year high of $14.52.

Medalist Diversified REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Thursday, July 23rd were given a dividend of $0.0675 per share. This represents a $0.27 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Thursday, July 23rd. Medalist Diversified REIT’s dividend payout ratio (DPR) is presently 7.20%.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Medalist Diversified REIT from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, June 9th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Medalist Diversified REIT currently has a consensus rating of “Hold”.

About Medalist Diversified REIT

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. Medalist utilizes a rigorous, consistent and replicable process for sourcing and conducting due diligence of acquisitions.