Medalist Diversified REIT (NASDAQ:MDRR) Posts Earnings Results, Misses Estimates By $0.14 EPS

Medalist Diversified REIT (NASDAQ:MDRR) posted its earnings results on Wednesday. The company reported ($1.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.76) by ($0.14), Zacks reports. Medalist Diversified REIT had a negative return on equity of 19.47% and a net margin of 74.73%.The business had revenue of $2.16 million for the quarter, compared to analyst estimates of $3.00 million.

Medalist Diversified REIT Price Performance

NASDAQ:MDRR opened at $11.58 on Friday. Medalist Diversified REIT has a one year low of $9.55 and a one year high of $14.52. The company has a market cap of $16.56 million, a P/E ratio of 3.09 and a beta of 0.59. The firm’s fifty day moving average price is $11.50 and its two-hundred day moving average price is $12.26. The company has a debt-to-equity ratio of 1.36, a current ratio of 4.47 and a quick ratio of 4.47.

Medalist Diversified REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 21st. Shareholders of record on Wednesday, April 15th were issued a $0.0675 dividend. This represents a $0.27 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Wednesday, April 15th. Medalist Diversified REIT’s payout ratio is currently 7.20%.

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