Frank Kavanaugh Acquires 5,500 Shares of Medalist Diversified REIT, Inc. (NASDAQ:MDRR) Stock

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) CEO Frank Kavanaugh purchased 5,500 shares of Medalist Diversified REIT stock in a transaction dated Wednesday, December 11th. The stock was bought at an average cost of $12.35 per share, with a total value of $67,925.00. Following the completion of the transaction, the chief executive officer now owns 234,000 shares in the company, valued at approximately $2,889,900. This represents a 2.41 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Friday, November 15th, Frank Kavanaugh acquired 20,917 shares of Medalist Diversified REIT stock. The shares were bought at an average cost of $12.29 per share, for a total transaction of $257,069.93.

Medalist Diversified REIT Stock Performance

Shares of Medalist Diversified REIT stock opened at $14.48 on Thursday. The company has a market capitalization of $16.15 million, a P/E ratio of -65.82 and a beta of 0.73. The business has a 50-day moving average price of $12.31. Medalist Diversified REIT, Inc. has a one year low of $8.24 and a one year high of $15.00. 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 company also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Wednesday, October 16th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Wednesday, October 16th. This represents a $0.24 annualized dividend and a dividend yield of 1.66%. Medalist Diversified REIT’s dividend payout ratio (DPR) is presently -109.09%.

Institutional Investors Weigh In On Medalist Diversified REIT

A hedge fund recently bought a new stake in Medalist Diversified REIT stock. EP Wealth Advisors LLC purchased a new position in shares of Medalist Diversified REIT, Inc. (NASDAQ:MDRR) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 45,345 shares of the company’s stock, valued at approximately $545,000. EP Wealth Advisors LLC owned approximately 4.07% of Medalist Diversified REIT at the end of the most recent quarter. 17.40% of the stock is 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.