Insider Buying: Medalist Diversified REIT, Inc. (NASDAQ:MDRR) Insider Acquires 8,000 Shares of Stock

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) insider Benjamin Ore bought 8,000 shares of the stock in a transaction dated Friday, December 13th. The stock was acquired at an average price of $12.50 per share, with a total value of $100,000.00. Following the completion of the purchase, the insider now owns 12,500 shares of the company’s stock, valued at $156,250. This represents a 177.78 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Benjamin Ore also recently made the following trade(s):

• On Monday, November 25th, Benjamin Ore acquired 1,000 shares of Medalist Diversified REIT stock. The stock was bought at an average price of $12.31 per share, with a total value of $12,310.00.

Medalist Diversified REIT Trading Up 1.8 %

Shares of MDRR traded up $0.23 during mid-day trading on Tuesday, hitting $13.17. 4,201 shares of the company traded hands, compared to its average volume of 5,585. The company has a debt-to-equity ratio of 3.05, a current ratio of 4.01 and a quick ratio of 4.01. The stock has a market capitalization of $14.68 million, a PE ratio of -58.82 and a beta of 0.73. The business has a 50-day simple moving average of $12.25. Medalist Diversified REIT, Inc. has a one year low of $8.24 and a one year high of $14.94.

Medalist Diversified REIT Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Wednesday, October 16th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Wednesday, October 16th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.82%. Medalist Diversified REIT’s payout ratio is currently -109.09%.

Institutional Trading of Medalist Diversified REIT

An institutional investor recently raised its position in Medalist Diversified REIT stock. Renaissance Technologies LLC lifted its holdings in shares of Medalist Diversified REIT, Inc. (NASDAQ:MDRR) by 7.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,449 shares of the company’s stock after buying an additional 900 shares during the quarter. Renaissance Technologies LLC owned about 1.11% of Medalist Diversified REIT worth $72,000 at the end of the most recent quarter. 17.40% of the stock is owned by hedge funds and other institutional investors.

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.