Key Points
- CEO Frank Kavanaugh bought 2,582 shares on Dec. 12 at $12.99 for $33,540.18 and, after several December purchases including a 70,000-share buy on Dec. 10, now directly owns 302,177 shares (≈$3.93M), a 0.86% increase in his stake.
- Medalist is a microcap (market cap ≈$15.02M) trading near $13.51 with a negative P/E (-7.46) and a 2.0% dividend yield ($0.27 annual), while the stock carries an average analyst rating of "Sell" (Weiss Ratings reiterated a sell).
Medalist Diversified REIT, Inc. (NASDAQ:MDRR - Get Free Report) CEO Frank Kavanaugh acquired 2,582 shares of the company's stock in a transaction dated Friday, December 12th. The stock was bought at an average cost of $12.99 per share, for a total transaction of $33,540.18. Following the completion of the transaction, the chief executive officer directly owned 302,177 shares of the company's stock, valued at approximately $3,925,279.23. This trade represents a 0.86% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Frank Kavanaugh also recently made the following trade(s):
- On Wednesday, December 10th, Frank Kavanaugh bought 70,000 shares of Medalist Diversified REIT stock. The shares were bought at an average cost of $14.71 per share, with a total value of $1,029,700.00.
- On Monday, December 8th, Frank Kavanaugh purchased 958 shares of Medalist Diversified REIT stock. The stock was bought at an average price of $13.50 per share, for a total transaction of $12,933.00.
- On Friday, December 5th, Frank Kavanaugh purchased 7,063 shares of Medalist Diversified REIT stock. The stock was bought at an average cost of $14.03 per share, for a total transaction of $99,093.89.
- On Friday, November 14th, Frank Kavanaugh acquired 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 acquired 5,953 shares of Medalist Diversified REIT stock. The shares were purchased at an average price of $13.28 per share, with a total value of $79,055.84.
- On Wednesday, November 12th, Frank Kavanaugh bought 6 shares of Medalist Diversified REIT stock. The stock was purchased at an average cost of $13.50 per share, for a total transaction of $81.00.
Medalist Diversified REIT Price Performance
Shares of NASDAQ MDRR opened at $13.51 on Tuesday. The firm has a market cap of $15.02 million, a P/E ratio of -7.46 and a beta of 0.46. The business's 50 day moving average is $13.39 and its 200-day moving average is $12.41. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 1.51. Medalist Diversified REIT, Inc. has a 1-year low of $9.55 and a 1-year high of $15.00.
Medalist Diversified REIT Dividend Announcement
The company also recently announced 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. 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 dividend payout ratio (DPR) is currently -14.92%.
Wall Street Analyst Weigh In
Separately, Weiss Ratings restated a "sell (d)" rating on shares of Medalist Diversified REIT in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Sell".
Read 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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