Benjamin Ore Acquires 8,000 Shares of Medalist Diversified REIT, Inc. (NASDAQ:MDRR) Stock

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) insider Benjamin Ore acquired 8,000 shares of Medalist Diversified REIT stock in a transaction on Friday, December 13th. The stock was purchased at an average cost of $12.50 per share, with a total value of $100,000.00. Following the purchase, the insider now directly owns 12,500 shares of the company’s stock, valued at approximately $156,250. This trade represents a 177.78 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Monday, November 25th, Benjamin Ore bought 1,000 shares of Medalist Diversified REIT stock. The stock was purchased at an average price of $12.31 per share, for a total transaction of $12,310.00.

Medalist Diversified REIT Trading Up 1.7 %

MDRR opened at $13.17 on Wednesday. Medalist Diversified REIT, Inc. has a 1-year low of $8.24 and a 1-year high of $14.94. The firm has a market capitalization of $14.68 million, a P/E ratio of -59.84 and a beta of 0.73. The business’s fifty day simple moving average is $12.25. The company has a debt-to-equity ratio of 3.05, a quick ratio of 4.01 and a current ratio of 4.01.

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 issued a $0.06 dividend. The ex-dividend date of this dividend was Wednesday, October 16th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.82%. Medalist Diversified REIT’s dividend payout ratio is presently -109.09%.

Hedge Funds Weigh In On 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 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 45,345 shares of the company’s stock, valued at approximately $545,000. EP Wealth Advisors LLC owned about 4.07% of Medalist Diversified REIT as of its most recent SEC filing. 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.