Frank Kavanaugh Acquires 7,584 Shares of Medalist Diversified REIT, Inc. (NASDAQ:MDRR) Stock

Posted by William Tyler on May 24th, 2024

Medalist Diversified REIT, Inc. (NASDAQ:MDRR – Get Free Report) CEO Frank Kavanaugh acquired 7,584 shares of Medalist Diversified REIT stock in a transaction on Friday, May 24th. The shares were purchased at an average cost of $5.82 per share, for a total transaction of $44,138.88. Following the acquisition, the chief executive officer now owns 340,000 shares in the company, valued at approximately $1,978,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Frank Kavanaugh also recently made the following trade(s):

On Wednesday, May 22nd, Frank Kavanaugh bought 7,702 shares of Medalist Diversified REIT stock. The shares were purchased at an average price of $5.67 per share, with a total value of $43,670.34.
On Monday, May 20th, Frank Kavanaugh bought 995 shares of Medalist Diversified REIT stock. The stock was acquired at an average cost of $5.59 per share, for a total transaction of $5,562.05.
On Tuesday, March 19th, Frank Kavanaugh bought 1,372 shares of Medalist Diversified REIT stock. The shares were acquired at an average cost of $5.82 per share, with a total value of $7,985.04.
On Friday, May 17th, Frank Kavanaugh purchased 41,600 shares of Medalist Diversified REIT stock. The stock was bought at an average price of $5.64 per share, for a total transaction of $234,624.00.
On Wednesday, March 13th, Frank Kavanaugh acquired 6,749 shares of Medalist Diversified REIT stock. The stock was bought at an average price of $5.75 per share, with a total value of $38,806.75.
On Monday, March 11th, Frank Kavanaugh bought 20,191 shares of Medalist Diversified REIT stock. The shares were bought at an average price of $5.57 per share, with a total value of $112,463.87.

Medalist Diversified REIT Stock Performance

NASDAQ MDRR traded up $0.02 during trading on Friday, reaching $5.82. 19,709 shares of the stock traded hands, compared to its average volume of 7,081. Medalist Diversified REIT, Inc. has a fifty-two week low of $4.12 and a fifty-two week high of $6.13. The company has a quick ratio of 5.21, a current ratio of 5.21 and a debt-to-equity ratio of 2.86. The stock’s 50-day moving average price is $5.66 and its 200 day moving average price is $5.39.

Medalist Diversified REIT Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Monday, April 22nd were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 1.37%. The ex-dividend date was Friday, April 19th. This is an increase from Medalist Diversified REIT’s previous quarterly dividend of $0.01. Medalist Diversified REIT’s dividend payout ratio (DPR) is presently -8.70%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Medalist Diversified REIT stock. Stilwell Value LLC bought a new position in shares of Medalist Diversified REIT, Inc. (NASDAQ:MDRR – Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 22,835 shares of the company’s stock, valued at approximately $121,000. Stilwell Value LLC owned approximately 1.03% of Medalist Diversified REIT as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 17.40% of the company’s stock.

Medalist Diversified REIT Company Profile

(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.