Medalist Diversified REIT, Inc. (NASDAQ:MDRR) Sees Significant Decline in Short Interest

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) was the target of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 1,900 shares, a decline of 50.0% from the February 13th total of 3,800 shares. Based on an average trading volume of 4,200 shares, the short-interest ratio is currently 0.5 days. Currently, 0.5% of the shares of the company are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Medalist Diversified REIT stock. EP Wealth Advisors LLC bought a new stake in shares of Medalist Diversified REIT, Inc. (NASDAQ:MDRR) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 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 as of its most recent filing with the Securities and Exchange Commission (SEC). 17.40% of the stock is currently owned by institutional investors.

Medalist Diversified REIT Price Performance

NASDAQ:MDRR traded down $0.35 during trading hours on Friday, hitting $12.35. 537 shares of the company’s stock traded hands, compared to its average volume of 4,140. The business’s fifty day simple moving average is $12.68 and its two-hundred day simple moving average is $12.52. Medalist Diversified REIT has a 52 week low of $10.90 and a 52 week high of $15.00. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 3.05. The firm has a market cap of $16.83 million, a P/E ratio of -56.14 and a beta of 0.59.

Medalist Diversified REIT Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 23rd. Shareholders of record on Monday, January 20th were issued a $0.065 dividend. The ex-dividend date was Friday, January 17th. This represents a $0.26 annualized dividend and a yield of 2.11%. This is a boost from Medalist Diversified REIT’s previous quarterly dividend of $0.06. Medalist Diversified REIT’s dividend payout ratio (DPR) is -118.18%.

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.