Medalist Diversified REIT, Inc. (NASDAQ:MDRR) Insider Benjamin Ore Purchases 1,000 Shares

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) insider Benjamin Ore acquired 1,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were acquired at an average price of $12.31 per share, for a total transaction of $12,310.00. Following the purchase, the insider now owns 4,500 shares of the company’s stock, valued at $55,395. This trade represents a 28.57 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, September 13th, Benjamin Ore purchased 369 shares of Medalist Diversified REIT stock. The shares were bought at an average price of $12.05 per share, for a total transaction of $4,446.45.
• On Tuesday, September 10th, Benjamin Ore acquired 644 shares of Medalist Diversified REIT stock. The shares were bought at an average price of $12.25 per share, with a total value of $7,889.00.

Medalist Diversified REIT Stock Performance

Shares of MDRR traded up $0.09 during midday trading on Tuesday, hitting $12.31. 5,306 shares of the stock traded hands, compared to its average volume of 5,643. The company’s 50 day simple moving average is $12.22. The company has a market capitalization of $13.78 million, a price-to-earnings ratio of -55.36 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, Inc. has a 1-year low of $8.24 and a 1-year high of $14.94.

Medalist Diversified REIT Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Wednesday, October 16th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend was Wednesday, October 16th. Medalist Diversified REIT’s dividend payout ratio is currently -109.09%.

Institutional Inflows and Outflows

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