Medalist Diversified REIT, Inc. (NASDAQ:MDRR) Insider Benjamin Ore Purchases 1,000 Shares of Stock

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) insider Benjamin Ore bought 1,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were bought at an average cost of $12.31 per share, for a total transaction of $12,310.00. Following the transaction, the insider now directly owns 4,500 shares of the company’s stock, valued at $55,395. This trade represents a 28.57 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

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

Medalist Diversified REIT Price Performance

MDRR stock opened at $12.38 on Wednesday. Medalist Diversified REIT, Inc. has a twelve month low of $8.24 and a twelve month high of $14.94. 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 business’s 50-day moving average price is $12.22.

Medalist Diversified REIT Cuts Dividend

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Medalist Diversified REIT stock. Renaissance Technologies LLC raised its holdings in Medalist Diversified REIT, Inc. (NASDAQ:MDRR) by 7.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,449 shares of the company’s stock after buying an additional 900 shares during the quarter. Renaissance Technologies LLC owned 1.11% of Medalist Diversified REIT worth $72,000 as of its most recent SEC filing. 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.