Medalist Diversified REIT (NASDAQ:MDRR) Issues Earnings Results

Medalist Diversified REIT (NASDAQ:MDRR) issued its quarterly earnings results on Wednesday. The company reported $4.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.76) by $6.61, FiscalAI reports. The firm had revenue of $2.16 million during the quarter, compared to analyst estimates of $3.00 million. Medalist Diversified REIT had a negative return on equity of 9.28% and a negative net margin of 22.37%.

Medalist Diversified REIT Stock Up 3.5%

NASDAQ MDRR traded up $0.39 on Wednesday, reaching $11.54. 2,403 shares of the stock traded hands, compared to its average volume of 1,069. The firm’s fifty day simple moving average is $11.50 and its 200 day simple moving average is $12.29. The company has a debt-to-equity ratio of 1.36, a quick ratio of 4.47 and a current ratio of 4.47. Medalist Diversified REIT has a 12 month low of $9.55 and a 12 month high of $14.52.

Medalist Diversified REIT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 21st. Shareholders of record on Wednesday, April 15th were paid a dividend of $0.0675 per share. This represents a $0.27 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Wednesday, April 15th. Medalist Diversified REIT’s dividend payout ratio (DPR) is presently -14.67%.

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. Medalist utilizes a rigorous, consistent and replicable process for sourcing and conducting due diligence of acquisitions.