Medalist Diversified REIT, Inc. (NASDAQ:MDRR) Short Interest Update

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) was the recipient of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 2,300 shares, a drop of 28.1% from the October 31st total of 3,200 shares. Based on an average daily trading volume, of 5,100 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.4% of the company’s stock are short sold.

Medalist Diversified REIT Stock Performance

Shares of Medalist Diversified REIT stock traded down $0.14 on Friday, hitting $12.25. The company had a trading volume of 1,375 shares, compared to its average volume of 5,593. The firm has a market capitalization of $13.72 million, a PE ratio of -56.32 and a beta of 0.73. Medalist Diversified REIT has a 1 year low of $8.24 and a 1 year high of $14.94. The stock’s 50 day simple moving average is $12.21. The company has a debt-to-equity ratio of 3.05, a current ratio of 4.01 and a quick ratio of 4.01.

Medalist Diversified REIT Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Wednesday, October 16th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend was Wednesday, October 16th. Medalist Diversified REIT’s dividend payout ratio (DPR) is presently -109.09%.

Insider Activity

In related news, CEO Frank Kavanaugh acquired 20,917 shares of the stock in a transaction dated Friday, November 15th. The stock was purchased at an average cost of $12.29 per share, with a total value of $257,069.93. Following the completion of the purchase, the chief executive officer now directly owns 228,500 shares in the company, valued at $2,808,265. This trade represents a 10.08 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders acquired 26,931 shares of company stock worth $330,502 over the last three months. 56.10% of the stock is currently owned by insiders.

Institutional Trading of Medalist Diversified REIT

An institutional investor recently raised its position in Medalist Diversified REIT stock. Renaissance Technologies LLC lifted its holdings in shares of Medalist Diversified REIT, Inc. (NASDAQ:MDRR) by 7.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,449 shares of the company’s stock after acquiring an additional 900 shares during the quarter. Renaissance Technologies LLC owned 1.11% of Medalist Diversified REIT worth $72,000 at the end of the most recent quarter. 17.40% of the stock is currently owned by hedge funds and other institutional investors.

Medalist Diversified REIT Company Profile

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.