Medalist Diversified REIT, Inc. (NASDAQ:MDRR – Get Free Report) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 6,910 shares, a growth of 66.4% from the September 15th total of 4,153 shares. Based on an average daily volume of 5,820 shares, the days-to-cover ratio is currently 1.2 days. Currently, 1.9% of the company’s shares are sold short.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings lowered Medalist Diversified REIT from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, September 28th. One investment analyst has rated the stock with a Hold rating. According to MarketBeat, Medalist Diversified REIT presently has an average rating of “Hold”.
Check Out Our Latest Report on MDRR
Medalist Diversified REIT Stock Performance
MDRR stock opened at $10.52 on Friday. The stock’s fifty day moving average price is $11.53 and its 200-day moving average price is $11.54. The company has a market cap of $17.15 million, a P/E ratio of 2.75 and a beta of 0.58. Medalist Diversified REIT has a 1 year low of $9.47 and a 1 year high of $14.52. The company has a debt-to-equity ratio of 0.24, a current ratio of 35.77 and a quick ratio of 35.77.
Medalist Diversified REIT (NASDAQ:MDRR – Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.26) EPS for the quarter, beating the consensus estimate of ($1.76) by $1.50. Medalist Diversified REIT had a net margin of 80.24% and a negative return on equity of 15.18%. The firm had revenue of $1.81 million during the quarter, compared to analyst estimates of $3.00 million.
Medalist Diversified REIT Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, October 23rd. Shareholders of record on Friday, October 16th will be issued a dividend of $0.0675 per share. This represents a $0.27 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Friday, October 16th. Medalist Diversified REIT’s payout ratio is currently 7.05%.
About Medalist Diversified REIT
Medalist Diversified REIT, Inc (NASDAQ: MDRR) is a real estate investment trust that acquires, owns and manages income-producing commercial properties. The company focuses primarily on diversified real estate assets, including office, retail and hospitality properties.
Medalist’s portfolio has included commercial properties and hotels, with an emphasis on assets located in the southeastern United States. Its activities include property operations, leasing and asset management, with the goal of generating rental and operating income from its real estate holdings.
Founded in 2014, Medalist Diversified REIT became a publicly traded company in 2015.
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