Medalist Diversified REIT (NASDAQ:MDRR) Shares Up 1.7% – What’s Next?

Medalist Diversified REIT, Inc. (NASDAQ:MDRR)’s stock price was up 1.7% during trading on Monday . The stock traded as high as $11.74 and last traded at $11.5960. Approximately 1,573 shares were traded during mid-day trading, an increase of 55% from the average daily volume of 1,014 shares. The stock had previously closed at $11.40.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Medalist Diversified REIT from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, June 9th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Medalist Diversified REIT Price Performance

The business has a fifty day moving average price of $11.61 and a 200 day moving average price of $11.66. The company has a debt-to-equity ratio of 0.48, a current ratio of 19.71 and a quick ratio of 19.71. The company has a market capitalization of $18.90 million, a price-to-earnings ratio of 3.09 and a beta of 0.58.

Medalist Diversified REIT (NASDAQ:MDRR) last announced its earnings results on Wednesday, May 13th. The company reported ($1.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.76) by ($0.14). The company had revenue of $2.16 million during the quarter, compared to the consensus estimate of $3.00 million. Medalist Diversified REIT had a net margin of 74.73% and a negative return on equity of 16.90%.

Medalist Diversified REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Thursday, July 23rd were paid a dividend of $0.0675 per share. This represents a $0.27 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Thursday, July 23rd. Medalist Diversified REIT’s dividend payout ratio (DPR) 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.