Medalist Diversified REIT, Inc. (NASDAQ:MDRR) CFO Charles Brent Jr. Winn Purchases 1,500 Shares

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) CFO Charles Brent Jr. Winn bought 1,500 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was acquired at an average price of $12.50 per share, for a total transaction of $18,750.00. Following the completion of the purchase, the chief financial officer now directly owns 36,224 shares in the company, valued at $452,800. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Medalist Diversified REIT Price Performance

Shares of NASDAQ MDRR traded up $0.68 during midday trading on Tuesday, hitting $12.78. 341 shares of the company’s stock were exchanged, compared to its average volume of 5,737. The business’s fifty day moving average price is $9.64 and its two-hundred day moving average price is $4.12. The company has a market cap of $14.29 million, a price-to-earnings ratio of -6.95 and a beta of 0.74. The company has a current ratio of 5.21, a quick ratio of 5.21 and a debt-to-equity ratio of 2.86. Medalist Diversified REIT, Inc. has a 12-month low of $8.24 and a 12-month high of $14.94.

Medalist Diversified REIT Announces Dividend

The business also recently declared a dividend, which was paid on Friday, July 26th. Stockholders of record on Tuesday, July 23rd were issued a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, July 23rd. Medalist Diversified REIT’s payout ratio is -8.70%.

Institutional Trading of Medalist Diversified REIT

A hedge fund recently raised its stake in Medalist Diversified REIT stock. Renaissance Technologies LLC grew its position in shares of Medalist Diversified REIT, Inc. (NASDAQ:MDRR) by 7.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,449 shares of the company’s stock after purchasing an additional 900 shares during the period. Renaissance Technologies LLC owned about 1.11% of Medalist Diversified REIT worth $72,000 at the end of the most recent reporting period. 17.40% of the stock is currently owned by institutional investors and hedge funds.

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.