Medalist Diversified REIT (NASDAQ:MDRR – Get Free Report) posted its quarterly earnings results on Wednesday. The company reported ($1.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.76) by ($0.14), Zacks reports. Medalist Diversified REIT had a negative return on equity of 19.47% and a net margin of 74.73%.The company had revenue of $2.16 million during the quarter, compared to analyst estimates of $3.00 million.
Medalist Diversified REIT Stock Up 0.6%
MDRR stock traded up $0.07 during mid-day trading on Friday, hitting $11.22. The stock had a trading volume of 2,354 shares, compared to its average volume of 2,550. Medalist Diversified REIT has a 1-year low of $9.55 and a 1-year high of $14.52. The company has a fifty day moving average of $11.50 and a 200 day moving average of $12.26. The company has a current ratio of 4.47, a quick ratio of 4.47 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $16.04 million, a price-to-earnings ratio of 2.99 and a beta of 0.59.
Medalist Diversified REIT Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 21st. Shareholders of record on Wednesday, April 15th were given a $0.0675 dividend. This represents a $0.27 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Wednesday, April 15th. Medalist Diversified REIT’s dividend payout ratio is presently 7.20%.
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. Medalist utilizes a rigorous, consistent and replicable process for sourcing and conducting due diligence of acquisitions.
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