Key Points
- Frank Kavanaugh, CEO, purchased 5,953 shares on Nov 13 at $13.28 (~$79,056), boosting his holdings to 203,979 shares (a 3.01% increase) valued at about $2.71M.
- He has been steadily accumulating shares since August — including large buys of 22,899 shares at $12.50 and 17,525 shares at $11.24 — indicating sustained insider buying.
- MDRR trades near $13.84 with a market cap of $18.6M, a negative P/E, a 2.0% annualized dividend yield ($0.27), and a consensus analyst rating of "Sell."
Medalist Diversified REIT, Inc. (NASDAQ:MDRR - Get Free Report) CEO Frank Kavanaugh acquired 5,953 shares of the company's stock in a transaction dated Thursday, November 13th. The shares were purchased at an average cost of $13.28 per share, with a total value of $79,055.84. Following the acquisition, the chief executive officer owned 203,979 shares of the company's stock, valued at approximately $2,708,841.12. This represents a 3.01% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Frank Kavanaugh also recently made the following trade(s):
- On Wednesday, November 12th, Frank Kavanaugh purchased 6 shares of Medalist Diversified REIT stock. The stock was acquired at an average cost of $13.50 per share, with a total value of $81.00.
- On Friday, August 29th, Frank Kavanaugh bought 22,899 shares of Medalist Diversified REIT stock. The shares were bought at an average price of $12.50 per share, for a total transaction of $286,237.50.
- On Monday, August 25th, Frank Kavanaugh acquired 2,500 shares of Medalist Diversified REIT stock. The stock was acquired at an average cost of $12.00 per share, for a total transaction of $30,000.00.
- On Friday, August 22nd, Frank Kavanaugh bought 1,028 shares of Medalist Diversified REIT stock. The stock was purchased at an average price of $11.99 per share, for a total transaction of $12,325.72.
- On Wednesday, August 20th, Frank Kavanaugh acquired 17,525 shares of Medalist Diversified REIT stock. The shares were acquired at an average price of $11.24 per share, for a total transaction of $196,981.00.
- On Tuesday, August 19th, Frank Kavanaugh acquired 105 shares of Medalist Diversified REIT stock. The stock was acquired at an average cost of $10.85 per share, for a total transaction of $1,139.25.
- On Monday, August 18th, Frank Kavanaugh acquired 1 shares of Medalist Diversified REIT stock. The shares were purchased at an average price of $10.85 per share, for a total transaction of $10.85.
- On Friday, August 15th, Frank Kavanaugh bought 3,562 shares of Medalist Diversified REIT stock. The stock was purchased at an average price of $11.14 per share, with a total value of $39,680.68.
Medalist Diversified REIT Stock Performance
Medalist Diversified REIT stock traded up $1.34 during midday trading on Friday, reaching $13.84. 9,668 shares of the company's stock were exchanged, compared to its average volume of 3,079. The stock's 50-day simple moving average is $13.37 and its 200 day simple moving average is $12.14. The firm has a market cap of $18.61 million, a price-to-earnings ratio of -7.64 and a beta of 0.58. The company has a debt-to-equity ratio of 1.72, a quick ratio of 2.74 and a current ratio of 2.74. Medalist Diversified REIT, Inc. has a 52 week low of $9.55 and a 52 week high of $15.00.
Medalist Diversified REIT Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 14th. Investors of record on Thursday, October 9th were issued a dividend of $0.0675 per share. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $0.27 dividend on an annualized basis and a dividend yield of 2.0%. Medalist Diversified REIT's payout ratio is presently -14.92%.
Analyst Ratings Changes
Separately, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Medalist Diversified REIT in a report on Tuesday, October 14th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of "Sell".
Check Out Our Latest Report on MDRR
Medalist Diversified REIT Company Profile
(
Get Free Report)
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.
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