Medalist Diversified REIT, Inc. (NASDAQ:MDRR) Insider Buys $12,310.00 in Stock

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) insider Benjamin Ore acquired 1,000 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was purchased at an average price of $12.31 per share, with a total value of $12,310.00. Following the completion of the transaction, the insider now owns 4,500 shares of the company’s stock, valued at approximately $55,395. This trade represents a 28.57 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Benjamin Ore also recently made the following trade(s):

• On Friday, September 13th, Benjamin Ore bought 369 shares of Medalist Diversified REIT stock. The stock was acquired at an average cost of $12.05 per share, for a total transaction of $4,446.45.
• On Tuesday, September 10th, Benjamin Ore purchased 644 shares of Medalist Diversified REIT stock. The shares were acquired at an average cost of $12.25 per share, with a total value of $7,889.00.

Medalist Diversified REIT Stock Up 0.1 %

Shares of MDRR stock opened at $12.39 on Friday. The firm has a 50 day simple moving average of $12.21. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 3.05. Medalist Diversified REIT, Inc. has a 52-week low of $8.24 and a 52-week high of $14.94.

Medalist Diversified REIT Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Wednesday, October 16th were given a $0.06 dividend. The ex-dividend date of this dividend was Wednesday, October 16th. This represents a $0.24 annualized dividend and a dividend yield of 1.94%. Medalist Diversified REIT’s dividend payout ratio is currently -109.09%.

Institutional Investors Weigh In On Medalist Diversified REIT

A hedge fund recently raised its stake in Medalist Diversified REIT stock. Renaissance Technologies LLC grew its stake in shares of Medalist Diversified REIT, Inc. (NASDAQ:MDRR) by 7.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,449 shares of the company’s stock after buying an additional 900 shares during the period. Renaissance Technologies LLC owned approximately 1.11% of Medalist Diversified REIT worth $72,000 as of its most recent filing with the Securities and Exchange Commission. 17.40% of the stock is currently 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.