Thomas E. Messier Buys 20,000 Shares of Medalist Diversified REIT, Inc. (NASDAQ:MDRR) Stock

Medalist Diversified REIT, Inc. (NASDAQ:MDRRGet Rating) insider Thomas E. Messier bought 20,000 shares of the business’s stock in a transaction on Friday, June 17th. The shares were acquired at an average cost of $0.93 per share, with a total value of $18,600.00. Following the purchase, the insider now owns 197,002 shares of the company’s stock, valued at $183,211.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

MDRR stock opened at $0.89 on Thursday. The business has a fifty day moving average of $0.99 and a two-hundred day moving average of $1.03. The company has a quick ratio of 6.26, a current ratio of 6.26 and a debt-to-equity ratio of 2.72. The stock has a market cap of $15.50 million, a price-to-earnings ratio of -5.23 and a beta of 0.77. Medalist Diversified REIT, Inc. has a 52-week low of $0.82 and a 52-week high of $1.55.

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 21st. Shareholders of record on Monday, April 18th were paid a dividend of $0.02 per share. The ex-dividend date was Thursday, April 14th. This represents a $0.08 annualized dividend and a yield of 9.00%. Medalist Diversified REIT’s dividend payout ratio (DPR) is -47.06%.

A hedge fund recently bought a new stake in Medalist Diversified REIT stock. Virtu Financial LLC purchased a new position in shares of Medalist Diversified REIT, Inc. (NASDAQ:MDRRGet Rating) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 70,702 shares of the company’s stock, valued at approximately $75,000. Virtu Financial LLC owned 0.41% of Medalist Diversified REIT as of its most recent SEC filing. Hedge funds and other institutional investors own 18.96% of the company’s stock.

About Medalist Diversified REIT (Get Rating)

Medalist Diversified REIT Inc is a Maryland corporation formed on September 28, 2015. Beginning with our taxable year ended December 31, 2017, we believe that we have operated in a manner qualifying us as a real estate investment trust (REIT), and we have elected to be taxed as a REIT for federal income tax purposes.

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Insider Buying and Selling by Quarter for Medalist Diversified REIT (NASDAQ:MDRR)

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