Insider Buying: Medalist Diversified REIT, Inc. (NASDAQ:MDRR) CFO Buys 6,000 Shares of Stock

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) CFO Charles Brent Jr. Winn purchased 6,000 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was bought at an average cost of $12.50 per share, with a total value of $75,000.00. Following the completion of the purchase, the chief financial officer now owns 44,424 shares of the company’s stock, valued at approximately $555,300. This represents a 15.62 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Charles Brent Jr. Winn also recently made the following trade(s):

• On Wednesday, December 4th, Charles Brent Jr. Winn bought 200 shares of Medalist Diversified REIT stock. The stock was purchased at an average cost of $12.15 per share, with a total value of $2,430.00.
• On Monday, December 2nd, Charles Brent Jr. Winn purchased 150 shares of Medalist Diversified REIT stock. The stock was purchased at an average price of $12.15 per share, for a total transaction of $1,822.50.
• On Monday, November 18th, Charles Brent Jr. Winn bought 321 shares of Medalist Diversified REIT stock. The shares were purchased at an average cost of $12.25 per share, for a total transaction of $3,932.25.
• On Friday, November 15th, Charles Brent Jr. Winn purchased 1,100 shares of Medalist Diversified REIT stock. The stock was acquired at an average cost of $12.27 per share, with a total value of $13,497.00.

Medalist Diversified REIT Trading Up 1.7 %

MDRR opened at $13.17 on Wednesday. The firm has a market capitalization of $14.68 million, a P/E ratio of -59.84 and a beta of 0.73. The business’s fifty day simple moving average is $12.25. Medalist Diversified REIT, Inc. has a 1-year low of $8.24 and a 1-year high of $14.94. 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 Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Wednesday, October 16th were given a $0.06 dividend. The ex-dividend date of this dividend was Wednesday, October 16th. This represents a $0.24 annualized dividend and a yield of 1.82%. Medalist Diversified REIT’s payout ratio is -109.09%.

Institutional Trading of Medalist Diversified REIT

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

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.