Insider Buying: Medalist Diversified REIT, Inc. (NASDAQ:MDRR) CFO Acquires $13,497.00 in Stock

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) CFO Charles Brent Jr. Winn acquired 1,100 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was purchased at an average price of $12.27 per share, for a total transaction of $13,497.00. Following the acquisition, the chief financial officer now directly owns 37,324 shares in the company, valued at approximately $457,965.48. This trade represents a 3.04 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, November 18th, Charles Brent Jr. Winn acquired 321 shares of Medalist Diversified REIT stock. The stock was purchased at an average price of $12.25 per share, for a total transaction of $3,932.25.
• On Monday, August 26th, Charles Brent Jr. Winn acquired 1,500 shares of Medalist Diversified REIT stock. The stock was purchased at an average price of $12.50 per share, for a total transaction of $18,750.00.

Medalist Diversified REIT Trading Up 0.3 %

MDRR stock opened at $12.40 on Thursday. The company has a fifty day moving average price 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 12-month low of $8.24 and a 12-month high of $14.94.

Medalist Diversified REIT Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Wednesday, October 16th were issued a dividend of $0.06 per share. The ex-dividend date was Wednesday, October 16th. This represents a $0.24 annualized dividend and a yield of 1.94%. Medalist Diversified REIT’s dividend payout ratio (DPR) is -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 boosted its stake in shares of Medalist Diversified REIT, Inc. (NASDAQ:MDRR) by 7.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,449 shares of the company’s stock after purchasing an additional 900 shares during the quarter. Renaissance Technologies LLC owned approximately 1.11% of Medalist Diversified REIT worth $72,000 as of its most recent SEC filing. Institutional investors and hedge funds own 17.40% of the company’s stock.

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.