Medalist Diversified REIT, Inc. (NASDAQ:MDRR) CFO Charles Brent Jr. Winn Purchases 41,997 Shares of Stock

Medalist Diversified REIT, Inc. (NASDAQ:MDRRGet Rating) CFO Charles Brent Jr. Winn purchased 41,997 shares of Medalist Diversified REIT stock in a transaction dated Thursday, May 12th. The stock was bought at an average cost of $0.93 per share, with a total value of $39,057.21. Following the completion of the transaction, the chief financial officer now directly owns 211,084 shares of the company’s stock, valued at $196,308.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

NASDAQ MDRR opened at $0.95 on Friday. The company has a 50 day simple moving average of $1.06 and a 200-day simple moving average of $1.06. The company has a debt-to-equity ratio of 2.72, a current ratio of 6.26 and a quick ratio of 6.01. Medalist Diversified REIT, Inc. has a 52-week low of $0.90 and a 52-week high of $2.18.

The business also recently declared a quarterly dividend, which was paid on Thursday, April 21st. Stockholders of record on Monday, April 18th were given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 8.41%. The ex-dividend date was Thursday, April 14th. Medalist Diversified REIT’s dividend payout ratio (DPR) is -47.06%.

Several hedge funds and other institutional investors have recently bought and sold shares of MDRR. Wells Fargo & Company MN raised its position in Medalist Diversified REIT by 218,123.6% during the second quarter. Wells Fargo & Company MN now owns 480,092 shares of the company’s stock valued at $653,000 after acquiring an additional 479,872 shares in the last quarter. Geode Capital Management LLC raised its position in Medalist Diversified REIT by 183.7% during the third quarter. Geode Capital Management LLC now owns 235,933 shares of the company’s stock valued at $294,000 after acquiring an additional 152,762 shares in the last quarter. Citadel Advisors LLC raised its position in Medalist Diversified REIT by 168.9% during the second quarter. Citadel Advisors LLC now owns 97,461 shares of the company’s stock valued at $133,000 after acquiring an additional 61,223 shares in the last quarter. Two Sigma Advisers LP bought a new position in Medalist Diversified REIT during the third quarter valued at approximately $84,000. Finally, Two Sigma Investments LP bought a new position in shares of Medalist Diversified REIT in the third quarter valued at approximately $72,000. 18.96% of the stock is owned by institutional investors and hedge funds.

About Medalist Diversified REIT (Get Rating)

Medalist Diversified REIT Inc is a Maryland corporation formed on September 28, 2015. Beginning with our taxable year ended December 31, 2017, we believe that we have operated in a manner qualifying us as a real estate investment trust (REIT), and we have elected to be taxed as a REIT for federal income tax purposes.

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