Insider Buying: Medalist Diversified REIT, Inc. (NASDAQ:MDRR) Insider Purchases $100,000.00 in Stock

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) insider Benjamin Ore bought 8,000 shares of the business’s stock in a transaction on Friday, December 13th. The shares were 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 $156,250. This represents a 177.78 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

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 shares were acquired at an average cost of $12.31 per share, for a total transaction of $12,310.00.

Medalist Diversified REIT Stock Down 3.4 %

MDRR stock opened at $13.99 on Friday. The firm has a market capitalization of $15.60 million, a P/E ratio of -63.59 and a beta of 0.73. 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 business has a 50-day moving average of $12.34. Medalist Diversified REIT, Inc. has a fifty-two week low of $8.24 and a fifty-two week high of $15.00.

Medalist Diversified REIT Cuts Dividend

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

Institutional Investors Weigh In On Medalist Diversified REIT

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 SEC. 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 as of its most recent filing with the SEC. 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.