Insider Buying: Medalist Diversified REIT, Inc. (NASDAQ:MDRR) CEO Purchases $28,917.00 in Stock

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) CEO Frank Kavanaugh acquired 2,380 shares of the business’s stock in a transaction on Friday, September 13th. The shares were purchased at an average price of $12.15 per share, with a total value of $28,917.00. Following the completion of the purchase, the chief executive officer now owns 207,583 shares in the company, valued at approximately $2,522,133.45. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, September 5th, Frank Kavanaugh purchased 200 shares of Medalist Diversified REIT stock. The stock was purchased at an average cost of $12.20 per share, for a total transaction of $2,440.00.
• On Friday, August 30th, Frank Kavanaugh acquired 5,569 shares of Medalist Diversified REIT stock. The stock was purchased at an average cost of $12.31 per share, with a total value of $68,554.39.
• On Thursday, August 15th, Frank Kavanaugh acquired 13,961 shares of Medalist Diversified REIT stock. The stock was purchased at an average price of $12.14 per share, for a total transaction of $169,486.54.

Medalist Diversified REIT Stock Down 3.1 %

Shares of NASDAQ MDRR opened at $12.35 on Thursday. The firm has a 50-day simple moving average of $12.12. The company has a debt-to-equity ratio of 2.95, a current ratio of 5.06 and a quick ratio of 5.06. The firm has a market capitalization of $13.81 million, a PE ratio of -6.71 and a beta of 0.73. Medalist Diversified REIT, Inc. has a 52 week low of $8.24 and a 52 week high of $14.94.

Medalist Diversified REIT Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, July 26th. Shareholders of record on Tuesday, July 23rd were issued a $0.05 dividend. The ex-dividend date was Tuesday, July 23rd. Medalist Diversified REIT’s payout ratio is -10.87%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Medalist Diversified REIT stock. Stilwell Value LLC increased its stake in shares of Medalist Diversified REIT, Inc. (NASDAQ:MDRR) by 70.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 38,992 shares of the company’s stock after buying an additional 16,157 shares during the quarter. Medalist Diversified REIT comprises 0.2% of Stilwell Value LLC’s holdings, making the stock its 29th largest position. Stilwell Value LLC owned 1.76% of Medalist Diversified REIT worth $205,000 as of its most recent filing with the SEC. 17.40% of the stock is owned by institutional investors.

About Medalist Diversified REIT

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.