Key Points
- Frank Kavanaugh, CEO, purchased 70,000 shares of Medalist Diversified REIT on Dec. 10 at an average price of $14.71 (~$1,029,700), bringing his holding to 299,595 shares — a 30.49% increase — per an SEC filing.
- The CEO has been steadily accumulating stock in recent weeks (additional buys on Dec. 8, Dec. 5, Nov. 14, Nov. 13 and Nov. 12), showing continued insider buying activity.
- Medalist is a small-cap REIT (~$14.7M) with a negative P/E, a quarterly dividend (annualized $0.27, ~2.0% yield), and an average analyst rating of "Sell" (Weiss Ratings reissued a sell), reflecting mixed fundamentals despite the insider purchases.
Medalist Diversified REIT, Inc. (NASDAQ:MDRR - Get Free Report) CEO Frank Kavanaugh acquired 70,000 shares of the firm's stock in a transaction dated Wednesday, December 10th. The shares were purchased at an average cost of $14.71 per share, with a total value of $1,029,700.00. Following the completion of the transaction, the chief executive officer owned 299,595 shares in the company, valued at approximately $4,407,042.45. The trade was a 30.49% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Frank Kavanaugh also recently made the following trade(s):
- On Monday, December 8th, Frank Kavanaugh purchased 958 shares of Medalist Diversified REIT stock. The shares were acquired at an average cost of $13.50 per share, with a total value of $12,933.00.
- On Friday, December 5th, Frank Kavanaugh acquired 7,063 shares of Medalist Diversified REIT stock. The shares were acquired at an average cost of $14.03 per share, with a total value of $99,093.89.
- On Friday, November 14th, Frank Kavanaugh acquired 20,000 shares of Medalist Diversified REIT stock. The stock was acquired at an average price of $13.50 per share, for a total transaction of $270,000.00.
- On Thursday, November 13th, Frank Kavanaugh bought 5,953 shares of Medalist Diversified REIT stock. The shares were acquired 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 acquired at an average cost of $13.50 per share, with a total value of $81.00.
Medalist Diversified REIT Stock Performance
Shares of Medalist Diversified REIT stock opened at $13.28 on Friday. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 1.51. Medalist Diversified REIT, Inc. has a 52 week low of $9.55 and a 52 week high of $15.00. The firm's 50 day moving average is $13.39 and its two-hundred day moving average is $12.37. The firm has a market capitalization of $14.74 million, a P/E ratio of -7.33 and a beta of 0.46.
Medalist Diversified REIT Announces Dividend
The business also recently announced 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 dividend yield of 2.0%. The ex-dividend date of this dividend was Thursday, October 9th. Medalist Diversified REIT's dividend payout ratio (DPR) is -14.92%.
Analysts Set New Price Targets
Separately, Weiss Ratings reissued a "sell (d)" rating on shares of Medalist Diversified REIT in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of "Sell".
View Our Latest Analysis 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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