Insider Buying: Medalist Diversified REIT, Inc. (NASDAQ:MDRR) CEO Acquires 5,500 Shares of Stock

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

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

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

Medalist Diversified REIT Price Performance

Shares of NASDAQ MDRR traded up $0.23 during mid-day trading on Tuesday, hitting $13.17. 4,201 shares of the stock traded hands, compared to its average volume of 5,585. The firm has a market capitalization of $14.68 million, a P/E ratio of -59.86 and a beta of 0.73. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 3.05. The firm’s 50 day simple moving average is $12.25. Medalist Diversified REIT, Inc. has a twelve month low of $8.24 and a twelve month high of $14.94.

Medalist Diversified REIT Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Wednesday, October 16th were paid a $0.06 dividend. The ex-dividend date of this dividend was Wednesday, October 16th. This represents a $0.24 annualized dividend and a dividend yield of 1.82%. Medalist Diversified REIT’s dividend payout ratio is -109.09%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Medalist Diversified REIT stock. Renaissance Technologies LLC increased its stake in Medalist Diversified REIT, Inc. (NASDAQ:MDRR) by 7.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,449 shares of the company’s stock after acquiring 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 reporting period. Institutional investors and hedge funds 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.