Medalist Diversified REIT, Inc. (NASDAQ:MDRR) CFO Buys $75,000.00 in Stock

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) CFO Charles Brent Jr. Winn purchased 6,000 shares of Medalist Diversified REIT stock in a transaction dated Friday, December 13th. The shares were purchased at an average price of $12.50 per share, with a total value of $75,000.00. Following the completion of the transaction, the chief financial officer now directly owns 44,424 shares in the company, valued at approximately $555,300. This represents a 15.62 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link.

Charles Brent Jr. Winn also recently made the following trade(s):

• On Wednesday, December 4th, Charles Brent Jr. Winn bought 200 shares of Medalist Diversified REIT stock. The stock was bought at an average price of $12.15 per share, with a total value of $2,430.00.
• On Monday, December 2nd, Charles Brent Jr. Winn bought 150 shares of Medalist Diversified REIT stock. The stock was purchased at an average cost of $12.15 per share, with a total value of $1,822.50.
• On Monday, November 18th, Charles Brent Jr. Winn purchased 321 shares of Medalist Diversified REIT stock. The shares were acquired at an average cost of $12.25 per share, for a total transaction of $3,932.25.
• On Friday, November 15th, Charles Brent Jr. Winn acquired 1,100 shares of Medalist Diversified REIT stock. The stock was acquired at an average cost of $12.27 per share, with a total value of $13,497.00.

Medalist Diversified REIT Stock Down 3.4 %

Shares of NASDAQ:MDRR opened at $13.99 on Friday. The company has a debt-to-equity ratio of 3.05, a quick ratio of 4.01 and a current ratio of 4.01. The stock has a market cap of $15.60 million, a PE ratio of -63.59 and a beta of 0.73. The stock has a fifty day simple moving average of $12.34. Medalist Diversified REIT, Inc. has a 52 week low of $8.24 and a 52 week high of $15.00.

Medalist Diversified REIT Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Wednesday, October 16th were issued a $0.06 dividend. The ex-dividend date was Wednesday, October 16th. This represents a $0.24 annualized dividend and a dividend yield of 1.72%. 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 raised its stake in Medalist Diversified REIT, Inc. (NASDAQ:MDRR) by 7.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 12,449 shares of the company’s stock after purchasing an additional 900 shares during the quarter. Renaissance Technologies LLC owned 1.11% of Medalist Diversified REIT worth $72,000 at the end of the most recent quarter. 17.40% of the stock is currently owned by 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.