Medalist Diversified REIT, Inc. (NASDAQ:MDRR) CEO Purchases $67,925.00 in Stock

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) CEO Frank Kavanaugh bought 5,500 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was bought at an average price of $12.35 per share, with a total value of $67,925.00. Following the completion of the purchase, the chief executive officer now directly owns 234,000 shares in the company, valued at $2,889,900. This represents a 2.41 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

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 price of $12.29 per share, for a total transaction of $257,069.93.

Medalist Diversified REIT Trading Up 10.0 %

NASDAQ:MDRR opened at $14.48 on Thursday. The firm has a market capitalization of $16.15 million, a P/E ratio of -65.82 and a beta of 0.73. 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 $8.24 and a 12 month high of $15.00. The business’s fifty day moving average is $12.31.

Medalist Diversified REIT Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Wednesday, October 16th were given a dividend of $0.06 per share. The ex-dividend date was Wednesday, October 16th. This represents a $0.24 dividend on an annualized basis and a yield of 1.66%. Medalist Diversified REIT’s dividend payout ratio is currently -109.09%.

Institutional Trading of Medalist Diversified REIT

A hedge fund recently bought a new stake in Medalist Diversified REIT stock. EP Wealth Advisors LLC bought a new position in shares of Medalist Diversified REIT, Inc. (NASDAQ:MDRR) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 45,345 shares of the company’s stock, valued at approximately $545,000. EP Wealth Advisors LLC owned 4.07% of Medalist Diversified REIT as of its most recent SEC filing. 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.