Medalist Diversified REIT, Inc. (NASDAQ:MDRR) CEO Frank Kavanaugh Buys 5,500 Shares

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) CEO Frank Kavanaugh purchased 5,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was bought at an average cost of $12.35 per share, for a total transaction of $67,925.00. Following the completion of the acquisition, the chief executive officer now directly owns 234,000 shares in the company, valued at $2,889,900. The trade was a 2.41 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Friday, November 15th, Frank Kavanaugh bought 20,917 shares of Medalist Diversified REIT stock. The stock was purchased at an average price of $12.29 per share, for a total transaction of $257,069.93.

Medalist Diversified REIT Price Performance

Shares of NASDAQ MDRR opened at $13.17 on Wednesday. The company’s fifty day moving average price is $12.25. Medalist Diversified REIT, Inc. has a one year low of $8.24 and a one year high of $14.94. The stock has a market cap of $14.68 million, a PE ratio of -59.84 and a beta of 0.73. The company has a debt-to-equity ratio of 3.05, a current ratio of 4.01 and a quick ratio of 4.01.

Medalist Diversified REIT Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 21st. Shareholders 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 yield of 1.82%. Medalist Diversified REIT’s dividend payout ratio is presently -109.09%.

Institutional Trading of Medalist Diversified REIT

A hedge fund recently bought a new stake in Medalist Diversified REIT stock. EP Wealth Advisors LLC bought a new stake in shares of Medalist Diversified REIT, Inc. (NASDAQ:MDRR) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 reporting period. Hedge funds and other institutional investors own 17.40% of the company’s stock.

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.