Medalist Diversified REIT, Inc. (NASDAQ:MDRR) CEO Frank Kavanaugh Acquires 2,380 Shares

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) CEO Frank Kavanaugh purchased 2,380 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was acquired at an average price of $12.15 per share, with a total value of $28,917.00. Following the completion of the purchase, the chief executive officer now owns 207,583 shares in the company, valued at $2,522,133.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Frank Kavanaugh also recently made the following trade(s):

• On Thursday, September 5th, Frank Kavanaugh acquired 200 shares of Medalist Diversified REIT stock. The stock was acquired at an average price of $12.20 per share, for a total transaction of $2,440.00.
• On Friday, August 30th, Frank Kavanaugh bought 5,569 shares of Medalist Diversified REIT stock. The shares were acquired at an average price of $12.31 per share, with a total value of $68,554.39.
• On Thursday, August 15th, Frank Kavanaugh purchased 13,961 shares of Medalist Diversified REIT stock. The stock was bought at an average price of $12.14 per share, for a total transaction of $169,486.54.

Medalist Diversified REIT Trading Up 1.6 %

NASDAQ:MDRR traded up $0.20 during trading hours on Monday, reaching $12.35. 994 shares of the company traded hands, compared to its average volume of 5,806. The company has a debt-to-equity ratio of 2.95, a current ratio of 5.06 and a quick ratio of 5.06. The firm has a 50-day moving average price of $12.11. Medalist Diversified REIT, Inc. has a 1 year low of $8.24 and a 1 year high of $14.94. The firm has a market capitalization of $13.81 million, a PE ratio of -6.60 and a beta of 0.73.

Medalist Diversified REIT Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, July 26th. Stockholders of record on Tuesday, July 23rd were given a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, July 23rd. Medalist Diversified REIT’s dividend payout ratio is presently -10.87%.

Hedge Funds Weigh In On Medalist Diversified REIT

An institutional investor recently raised its position in Medalist Diversified REIT stock. Stilwell Value LLC grew its holdings in Medalist Diversified REIT, Inc. (NASDAQ:MDRR) by 70.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,992 shares of the company’s stock after purchasing an additional 16,157 shares during the period. Medalist Diversified REIT comprises about 0.2% of Stilwell Value LLC’s investment portfolio, making the stock its 29th biggest holding. Stilwell Value LLC owned 1.76% of Medalist Diversified REIT worth $205,000 at the end of the most recent quarter. 17.40% of the stock is owned by institutional investors.

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.