Medalist Diversified REIT, Inc. (NASDAQ:MDRR) CEO Buys $45,347.43 in Stock

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) CEO Frank Kavanaugh bought 7,673 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was acquired at an average cost of $5.91 per share, with a total value of $45,347.43. Following the completion of the acquisition, the chief executive officer now owns 347,673 shares of the company’s stock, valued at approximately $2,054,747.43. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Friday, May 24th, Frank Kavanaugh bought 7,584 shares of Medalist Diversified REIT stock. The stock was acquired at an average cost of $5.82 per share, with a total value of $44,138.88.
• On Wednesday, May 22nd, Frank Kavanaugh bought 7,702 shares of Medalist Diversified REIT stock. The stock was acquired at an average cost of $5.67 per share, with a total value of $43,670.34.
• On Monday, May 20th, Frank Kavanaugh purchased 995 shares of Medalist Diversified REIT stock. The stock was bought at an average price of $5.59 per share, with a total value 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 price 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 shares were acquired at an average price of $5.64 per share, for a total transaction of $234,624.00.

Medalist Diversified REIT Trading Up 0.2 %

Shares of Medalist Diversified REIT stock traded up $0.01 on Monday, reaching $5.92. 11,963 shares of the stock were exchanged, compared to its average volume of 6,768. Medalist Diversified REIT, Inc. has a twelve month low of $4.12 and a twelve month high of $6.13. The business has a 50 day moving average price of $5.65 and a two-hundred day moving average price of $5.46. The company has a current ratio of 5.21, a quick ratio of 5.21 and a debt-to-equity ratio of 2.86.

Medalist Diversified REIT Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Monday, April 22nd were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 1.35%. This is a boost from Medalist Diversified REIT’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Friday, April 19th. Medalist Diversified REIT’s payout ratio is presently -8.70%.

Institutional Trading of Medalist Diversified REIT

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) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. 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 at the end of the most recent quarter. Institutional investors and hedge funds own 17.40% of the company’s stock.

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.