Medalist Diversified REIT, Inc. (NASDAQ:MDRR) CFO Acquires $75,000.00 in Stock

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) CFO Charles Brent Jr. Winn purchased 6,000 shares of Medalist Diversified REIT stock in a transaction dated Friday, December 13th. The stock was bought at an average cost of $12.50 per share, with a total value of $75,000.00. Following the completion of the transaction, the chief financial officer now directly owns 44,424 shares of the company’s stock, valued at $555,300. This represents a 15.62 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Charles Brent Jr. Winn also recently made the following trade(s):

• On Wednesday, December 4th, Charles Brent Jr. Winn acquired 200 shares of Medalist Diversified REIT stock. The stock was bought at an average price of $12.15 per share, for a total transaction of $2,430.00.
• On Monday, December 2nd, Charles Brent Jr. Winn acquired 150 shares of Medalist Diversified REIT stock. The shares were purchased at an average price of $12.15 per share, with a total value of $1,822.50.
• On Monday, November 18th, Charles Brent Jr. Winn acquired 321 shares of Medalist Diversified REIT stock. The shares were acquired at an average cost of $12.25 per share, for a total transaction of $3,932.25.
• On Friday, November 15th, Charles Brent Jr. Winn purchased 1,100 shares of Medalist Diversified REIT stock. The shares were bought at an average price of $12.27 per share, with a total value of $13,497.00.

Medalist Diversified REIT Stock Performance

Shares of Medalist Diversified REIT stock traded up $0.23 on Tuesday, reaching $13.17. The stock had a trading volume of 4,201 shares, compared to its average volume of 5,585. Medalist Diversified REIT, Inc. has a fifty-two week low of $8.24 and a fifty-two week high of $14.94. The business has a 50-day moving average price of $12.25. 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 company has a market capitalization of $14.68 million, a PE ratio of -59.86 and a beta of 0.73.

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

Institutional Investors Weigh In On Medalist Diversified REIT

A hedge fund recently raised its stake in Medalist Diversified REIT stock. Renaissance Technologies LLC raised its holdings in Medalist Diversified REIT, Inc. (NASDAQ:MDRR) by 7.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,449 shares of the company’s stock after buying an additional 900 shares during the quarter. Renaissance Technologies LLC owned 1.11% of Medalist Diversified REIT worth $72,000 at the end of the most recent quarter. Hedge funds and other institutional investors 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.