Frank Kavanaugh Acquires 1,911 Shares of Medalist Diversified REIT, Inc. (NASDAQ:MDRR) Stock

Medalist Diversified REIT, Inc. (NASDAQ:MDRR - Get Free Report) CEO Frank Kavanaugh bought 1,911 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was bought at an average cost of $10.85 per share, for a total transaction of $20,734.35. Following the completion of the purchase, the chief executive officer directly owned 1,911 shares of the company's stock, valued at $20,734.35. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, August 15th, Frank Kavanaugh bought 3,562 shares of Medalist Diversified REIT stock. The stock was bought at an average cost of $11.14 per share, for a total transaction of $39,680.68.
• On Thursday, August 14th, Frank Kavanaugh bought 7 shares of Medalist Diversified REIT stock. The stock was bought at an average cost of $10.85 per share, for a total transaction of $75.95.
• On Friday, June 13th, Frank Kavanaugh bought 4 shares of Medalist Diversified REIT stock. The stock was bought at an average cost of $11.75 per share, for a total transaction of $47.00.

Medalist Diversified REIT Trading Up 2.2%

Shares of MDRR opened at $11.09 on Friday. The firm's 50 day simple moving average is $11.03 and its 200 day simple moving average is $11.87. The company has a market capitalization of $14.98 million, a P/E ratio of -6.13 and a beta of 0.26. The company has a debt-to-equity ratio of 1.72, a current ratio of 2.74 and a quick ratio of 3.71. Medalist Diversified REIT, Inc. has a 1-year low of $9.55 and a 1-year high of $15.00.

Medalist Diversified REIT (NASDAQ:MDRR - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported ($0.34) earnings per share for the quarter. The company had revenue of $2.46 million during the quarter. Medalist Diversified REIT had a negative net margin of 23.54% and a negative return on equity of 10.25%.

Medalist Diversified REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 16th. Shareholders of record on Friday, July 11th were given a dividend of $0.0675 per share. This represents a $0.27 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Friday, July 11th. Medalist Diversified REIT's dividend payout ratio (DPR) is presently -14.92%.

Medalist Diversified REIT Company Profile

(Get Free Report)

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.

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