Medalist Diversified REIT (NASDAQ:MDRR) CEO Buys $33,540.18 in Stock

by · The Cerbat Gem

Medalist Diversified REIT, Inc. (NASDAQ:MDRR – Get Free Report) CEO Frank Kavanaugh bought 2,582 shares of the stock in a transaction dated Friday, December 12th. The shares were bought at an average cost of $12.99 per share, with a total value of $33,540.18. Following the completion of the acquisition, the chief executive officer directly owned 302,177 shares of the company’s stock, valued at approximately $3,925,279.23. The trade was a 0.86% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Frank Kavanaugh also recently made the following trade(s):

  • On Wednesday, December 10th, Frank Kavanaugh purchased 70,000 shares of Medalist Diversified REIT stock. The stock was bought at an average cost of $14.71 per share, for a total transaction of $1,029,700.00.
  • On Monday, December 8th, Frank Kavanaugh acquired 958 shares of Medalist Diversified REIT stock. The shares were bought at an average price of $13.50 per share, with a total value of $12,933.00.
  • On Friday, December 5th, Frank Kavanaugh bought 7,063 shares of Medalist Diversified REIT stock. The stock was bought at an average price of $14.03 per share, for a total transaction of $99,093.89.
  • On Friday, November 14th, Frank Kavanaugh purchased 20,000 shares of Medalist Diversified REIT stock. The shares were purchased at an average price of $13.50 per share, with a total value of $270,000.00.
  • On Thursday, November 13th, Frank Kavanaugh acquired 5,953 shares of Medalist Diversified REIT stock. The stock was purchased at an average price of $13.28 per share, for a total transaction of $79,055.84.
  • On Wednesday, November 12th, Frank Kavanaugh purchased 6 shares of Medalist Diversified REIT stock. The stock was purchased at an average price of $13.50 per share, for a total transaction of $81.00.

Medalist Diversified REIT Stock Performance

Shares of NASDAQ MDRR traded up $0.88 during midday trading on Monday, hitting $13.91. 6,929 shares of the company’s stock were exchanged, compared to its average volume of 3,145. Medalist Diversified REIT, Inc. has a twelve month low of $9.55 and a twelve month high of $15.00. The firm has a market cap of $15.44 million, a P/E ratio of -7.77 and a beta of 0.46. The stock’s 50 day moving average price is $13.40 and its 200-day moving average price is $12.40. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.29 and a quick ratio of 2.29.

Medalist Diversified REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 14th. Stockholders of record on Thursday, October 9th were issued a dividend of $0.0675 per share. This represents a $0.27 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Thursday, October 9th. Medalist Diversified REIT’s dividend payout ratio (DPR) is -14.92%.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Medalist Diversified REIT in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Medalist Diversified REIT currently has a consensus rating of “Sell”.

Read Our Latest Research Report on MDRR

About Medalist Diversified REIT

(Get Free Report)

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.

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