Medalist Diversified REIT (NASDAQ:MDRR) Trading Up 1.7% – What’s Next?

Medalist Diversified REIT, Inc. (NASDAQ:MDRR – Get Free Report)’s share price shot up 1.7% on Monday . The stock traded as high as $11.74 and last traded at $11.5960. 1,573 shares changed hands during mid-day trading, an increase of 55% from the average session volume of 1,014 shares. The stock had previously closed at $11.40.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Medalist Diversified REIT from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, June 9th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Medalist Diversified REIT currently has a consensus rating of “Hold”.

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View Our Latest Stock Analysis on MDRR

Medalist Diversified REIT Trading Up 1.7%

The company’s 50-day moving average is $11.61 and its 200 day moving average is $11.66. The company has a current ratio of 19.71, a quick ratio of 19.71 and a debt-to-equity ratio of 0.48. The firm has a market cap of $18.90 million, a PE ratio of 3.09 and a beta of 0.58.

Medalist Diversified REIT (NASDAQ:MDRR – Get Free Report) last posted its quarterly earnings data on Wednesday, May 13th. The company reported ($1.90) earnings per share for the quarter, missing the consensus estimate of ($1.76) by ($0.14). Medalist Diversified REIT had a negative return on equity of 16.90% and a net margin of 74.73%.The firm had revenue of $2.16 million for the quarter, compared to analysts’ expectations of $3.00 million.

Medalist Diversified REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Stockholders of record on Thursday, July 23rd were given a $0.0675 dividend. This represents a $0.27 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Thursday, July 23rd. Medalist Diversified REIT’s dividend payout ratio (DPR) is 7.20%.

About Medalist Diversified REIT

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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. Medalist utilizes a rigorous, consistent and replicable process for sourcing and conducting due diligence of acquisitions.

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