Medalist Diversified REIT, Inc. (NASDAQ:MDRR) CEO Purchases $257,069.93 in Stock

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) CEO Frank Kavanaugh acquired 20,917 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were bought at an average cost of $12.29 per share, with a total value of $257,069.93. Following the completion of the purchase, the chief executive officer now owns 228,500 shares of the company’s stock, valued at $2,808,265. This trade represents a 10.08 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Friday, September 13th, Frank Kavanaugh bought 2,380 shares of Medalist Diversified REIT stock. The shares were bought at an average price of $12.15 per share, for a total transaction of $28,917.00.
• On Thursday, September 5th, Frank Kavanaugh purchased 200 shares of Medalist Diversified REIT stock. The stock was bought at an average cost of $12.20 per share, with a total value of $2,440.00.
• On Friday, August 30th, Frank Kavanaugh acquired 5,569 shares of Medalist Diversified REIT stock. The shares were purchased at an average cost of $12.31 per share, for a total transaction of $68,554.39.

Medalist Diversified REIT Stock Performance

MDRR opened at $12.40 on Thursday. The stock has a fifty day moving average price of $12.21. The firm has a market capitalization of $13.83 million, a price-to-earnings ratio of -56.36 and a beta of 0.73. Medalist Diversified REIT, Inc. has a twelve month low of $8.24 and a twelve month high of $14.94. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 3.05.

Medalist Diversified REIT Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Wednesday, October 16th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend was Wednesday, October 16th. Medalist Diversified REIT’s dividend payout ratio (DPR) is presently -109.09%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Medalist Diversified REIT stock. EP Wealth Advisors LLC bought a new position in Medalist Diversified REIT, Inc. (NASDAQ:MDRR) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 45,345 shares of the company’s stock, valued at approximately $545,000. EP Wealth Advisors LLC owned 4.07% of Medalist Diversified REIT at the end of the most recent quarter. Institutional investors and hedge funds own 17.40% of the company’s stock.

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.