Medalist Diversified REIT, Inc. (NASDAQ:MDRR) Insider Benjamin Ore Buys 1,000 Shares

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) insider Benjamin Ore purchased 1,000 shares of the stock in a transaction on Tuesday, March 4th. The stock was bought at an average price of $12.75 per share, for a total transaction of $12,750.00. Following the completion of the transaction, the insider now directly owns 14,500 shares of the company’s stock, valued at approximately $184,875. This trade represents a 7.41 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Friday, December 13th, Benjamin Ore acquired 8,000 shares of Medalist Diversified REIT stock. The shares were bought at an average cost of $12.50 per share, with a total value of $100,000.00.

Medalist Diversified REIT Price Performance

MDRR opened at $12.62 on Wednesday. Medalist Diversified REIT, Inc. has a twelve month low of $10.88 and a twelve month high of $15.00. The firm has a market cap of $14.07 million, a price-to-earnings ratio of -57.36 and a beta of 0.72. The firm’s 50-day simple moving average is $12.77 and its 200-day simple moving average is $12.51. The company has a debt-to-equity ratio of 3.05, a quick ratio of 4.01 and a current ratio of 4.01.

Medalist Diversified REIT Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 23rd. Shareholders of record on Monday, January 20th were paid a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a yield of 2.06%. This is a boost from Medalist Diversified REIT’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Friday, January 17th. Medalist Diversified REIT’s dividend payout ratio is currently -118.18%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Medalist Diversified REIT stock. EP Wealth Advisors LLC purchased a new stake in shares of Medalist Diversified REIT, Inc. (NASDAQ:MDRR) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 45,345 shares of the company’s stock, valued at approximately $545,000. EP Wealth Advisors LLC owned approximately 4.07% of Medalist Diversified REIT at the end of the most recent reporting period. 17.40% of the stock is currently owned by institutional investors.

About Medalist Diversified REIT

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.