Medalist Diversified REIT (NASDAQ:MDRR – Get Free Report) is expected to be issuing its results on Thursday, November 12th. Analysts expect Medalist Diversified REIT to post earnings of ($1.76) per share and revenue of $3.00 million for the quarter.
Medalist Diversified REIT (NASDAQ:MDRR – Get Free Report) last posted 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 negative return on equity of 15.18% and a net margin of 80.24%. The firm had revenue of $1.81 million during the quarter, compared to analysts’ expectations of $3.00 million.
Medalist Diversified REIT Stock Performance
Shares of Medalist Diversified REIT stock opened at $10.57 on Wednesday. The business’s 50 day moving average price is $11.01 and its 200 day moving average price is $11.50. The company has a market cap of $17.24 million, a price-to-earnings ratio of 2.76 and a beta of 0.58. The company has a debt-to-equity ratio of 0.24, a quick ratio of 35.77 and a current ratio of 35.77. Medalist Diversified REIT has a one year low of $9.46 and a one year high of $14.52.
Medalist Diversified REIT Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, October 23rd. Shareholders of record on Friday, October 16th were issued a $0.0675 dividend. This represents a $0.27 annualized dividend and a yield of 2.6%. The ex-dividend date was Friday, October 16th. Medalist Diversified REIT’s dividend payout ratio is presently 7.05%.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings downgraded Medalist Diversified REIT from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, November 4th. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.
Check Out Our Latest Stock Report on Medalist Diversified REIT
Medalist Diversified REIT Company Profile
Medalist Diversified REIT, Inc. is a real estate investment trust that acquires, owns, and manages commercial properties in the United States. The company has focused primarily on income-producing real estate in secondary and tertiary markets, with an emphasis on properties that may provide stable rental income and opportunities for operational or management improvements. Its portfolio and investment activities have included office properties, medical office buildings, retail and shopping-center assets, industrial or flex-space properties, and hospitality-related real estate.
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