Key Points
- Frank Kavanaugh acquired 7,063 shares of Medalist Diversified REIT on Dec. 5 at an average price of $14.03 (~$99,094), raising his direct holdings to 228,637 shares (a 3.19% increase).
- He has been an active buyer recently, including purchases on Nov. 12–14 and Dec. 8 (notably 20,000 shares on Nov. 14 at $13.50), indicating ongoing insider accumulation.
- Company snapshot: MDRR opened at $13.50 with a market cap of about $15M and a negative P/E (−7.46); it pays a quarterly dividend of $0.0675 (≈2.0% yield) but carries a consensus Sell rating from analysts.
Medalist Diversified REIT, Inc. (NASDAQ:MDRR - Get Free Report) CEO Frank Kavanaugh purchased 958 shares of Medalist Diversified REIT stock in a transaction that occurred on Monday, December 8th. The shares were bought at an average cost of $13.50 per share, with a total value of $12,933.00. Following the completion of the transaction, the chief executive officer directly owned 229,595 shares of the company's stock, valued at approximately $3,099,532.50. The trade was a 0.42% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Frank Kavanaugh also recently made the following trade(s):
- On Friday, December 5th, Frank Kavanaugh purchased 7,063 shares of Medalist Diversified REIT stock. The shares were purchased at an average cost of $14.03 per share, for a total transaction of $99,093.89.
- On Friday, November 14th, Frank Kavanaugh bought 20,000 shares of Medalist Diversified REIT stock. The shares were bought at an average price of $13.50 per share, with a total value of $270,000.00.
- On Thursday, November 13th, Frank Kavanaugh bought 5,953 shares of Medalist Diversified REIT stock. The stock was purchased at an average cost of $13.28 per share, for a total transaction of $79,055.84.
- On Wednesday, November 12th, Frank Kavanaugh purchased 6 shares of Medalist Diversified REIT stock. The stock was bought at an average price of $13.50 per share, with a total value of $81.00.
Medalist Diversified REIT Stock Up 3.1%
MDRR stock opened at $13.50 on Tuesday. Medalist Diversified REIT, Inc. has a 52 week low of $9.55 and a 52 week high of $15.00. The business has a 50-day simple moving average of $13.41 and a 200 day simple moving average of $12.35. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 1.51. The company has a market cap of $14.99 million, a PE ratio of -7.46 and a beta of 0.46.
Medalist Diversified REIT Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 14th. Stockholders of record on Thursday, October 9th were issued a dividend of $0.0675 per share. This represents a $0.27 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Thursday, October 9th. Medalist Diversified REIT's dividend payout ratio is -14.92%.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reiterated a "sell (d)" rating on shares of Medalist Diversified REIT in a research report on Tuesday, October 14th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of "Sell".
Read Our Latest Analysis 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.
Further Reading
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