Short Interest in Medalist Diversified REIT, Inc. (NASDAQ:MDRR) Increases By 21.1%

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 2,300 shares, an increase of 21.1% from the February 28th total of 1,900 shares. Based on an average daily volume of 3,500 shares, the short-interest ratio is currently 0.7 days. Approximately 0.6% of the company’s stock are sold short.

Institutional Trading of Medalist Diversified REIT

A hedge fund recently bought a new stake in Medalist Diversified REIT stock. Halbert Hargrove Global Advisors LLC bought a new position in Medalist Diversified REIT, Inc. (NASDAQ:MDRR) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 5,000 shares of the company’s stock, valued at approximately $67,000. Halbert Hargrove Global Advisors LLC owned approximately 0.45% of Medalist Diversified REIT at the end of the most recent quarter. 17.40% of the stock is currently owned by hedge funds and other institutional investors.

Medalist Diversified REIT Stock Performance

Shares of MDRR stock opened at $12.61 on Thursday. The company’s fifty day moving average price is $12.68 and its 200-day moving average price is $12.54. The stock has a market cap of $17.19 million, a PE ratio of -57.32 and a beta of 0.59. 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 has a 12 month low of $10.90 and a 12 month high of $15.00.

Medalist Diversified REIT Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 23rd. Shareholders of record on Monday, January 20th were issued a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date was Friday, January 17th. This is a boost from Medalist Diversified REIT’s previous quarterly dividend of $0.06. Medalist Diversified REIT’s dividend payout ratio is -118.18%.

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.