Medalist Diversified REIT, Inc. (NASDAQ:MDRR) Insider Buys $12,750.00 in Stock

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) insider Benjamin Ore acquired 1,000 shares of Medalist Diversified REIT stock in a transaction dated Tuesday, March 4th. The shares were bought at an average cost of $12.75 per share, with a total value of $12,750.00. Following the completion of the purchase, the insider now owns 14,500 shares in the company, valued at approximately $184,875. This represents a 7.41 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, December 13th, Benjamin Ore bought 8,000 shares of Medalist Diversified REIT stock. The stock was acquired at an average cost of $12.50 per share, with a total value of $100,000.00.

Medalist Diversified REIT Stock Performance

Shares of Medalist Diversified REIT stock opened at $12.75 on Thursday. The stock has a market cap of $17.38 million, a PE ratio of -57.95 and a beta of 0.59. The business has a fifty day simple moving average of $12.77 and a 200-day simple moving average of $12.51. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 3.05. Medalist Diversified REIT, Inc. 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 announced a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Monday, January 20th were given a $0.065 dividend. This represents a $0.26 annualized dividend and a dividend yield of 2.04%. 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 (DPR) is -118.18%.

Institutional Trading of Medalist Diversified REIT

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