Insider Buying: Medalist Diversified REIT, Inc. (NASDAQ:MDRR) Insider Buys 8,000 Shares of Stock

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) insider Benjamin Ore acquired 8,000 shares of the stock in a transaction dated Friday, December 13th. The stock was acquired at an average cost of $12.50 per share, for a total transaction of $100,000.00. Following the purchase, the insider now directly owns 12,500 shares in the company, valued at approximately $156,250. The trade was a 177.78 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Benjamin Ore also recently made the following trade(s):

• On Monday, November 25th, Benjamin Ore purchased 1,000 shares of Medalist Diversified REIT stock. The stock was acquired at an average price of $12.31 per share, for a total transaction of $12,310.00.

Medalist Diversified REIT Stock Performance

Shares of NASDAQ:MDRR opened at $13.99 on Friday. The company has a debt-to-equity ratio of 3.05, a current ratio of 4.01 and a quick ratio of 4.01. The firm has a market cap of $15.60 million, a P/E ratio of -63.59 and a beta of 0.73. The firm’s fifty day moving average is $12.34. Medalist Diversified REIT, Inc. has a one year low of $8.24 and a one year high of $15.00.

Medalist Diversified REIT Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Wednesday, October 16th were given a $0.06 dividend. The ex-dividend date was Wednesday, October 16th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.72%. Medalist Diversified REIT’s dividend payout ratio (DPR) is -109.09%.

Institutional Trading of Medalist Diversified REIT

A hedge fund recently raised its stake in Medalist Diversified REIT stock. Renaissance Technologies LLC lifted its position in Medalist Diversified REIT, Inc. (NASDAQ:MDRR) by 7.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,449 shares of the company’s stock after acquiring an additional 900 shares during the period. Renaissance Technologies LLC owned about 1.11% of Medalist Diversified REIT worth $72,000 as of its most recent SEC filing. Institutional investors and hedge funds own 17.40% of the company’s stock.

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.