Key Points
- Director Marc Carlson sold 20,000 shares of Medalist Diversified REIT on November 14 at an average price of $13.50 for total proceeds of $270,000, leaving him with 1,039 shares — a 95.06% reduction in his position (SEC filing disclosed).
- Medalist Diversified REIT (MDRR) trades near the top of its 52-week range (opened at $14.20; 52-week low/high $9.55/$15.00), has a small market cap of $15.79 million and a negative PE of -7.85, reflecting losses.
- The company pays a quarterly dividend of $0.0675 (annualized $0.27) for a ~1.9% yield, while analyst coverage is negative — Weiss Ratings and MarketBeat list the stock with a "Sell" consensus.
Medalist Diversified REIT, Inc. (NASDAQ:MDRR - Get Free Report) Director Marc Carlson sold 20,000 shares of Medalist Diversified REIT stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $13.50, for a total value of $270,000.00. Following the transaction, the director owned 1,039 shares of the company's stock, valued at $14,026.50. This trade represents a 95.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Medalist Diversified REIT Stock Performance
Shares of Medalist Diversified REIT stock opened at $14.20 on Tuesday. Medalist Diversified REIT, Inc. has a 52 week low of $9.55 and a 52 week high of $15.00. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 1.72. The business has a 50 day moving average price of $13.38 and a 200-day moving average price of $12.18. The company has a market cap of $15.79 million, a PE ratio of -7.85 and a beta of 0.58.
Medalist Diversified REIT Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 14th. Investors of record on Thursday, October 9th were given a $0.0675 dividend. This represents a $0.27 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Thursday, October 9th. Medalist Diversified REIT's dividend payout ratio is presently -14.92%.
Wall Street Analysts Forecast Growth
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, According to MarketBeat, the company has an average rating of "Sell".
Check Out Our Latest Research Report on MDRR
About Medalist Diversified REIT
(
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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