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

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) insider Benjamin Ore acquired 1,000 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were bought at an average cost of $12.75 per share, with a total value of $12,750.00. Following the transaction, the insider now directly owns 14,500 shares of the company’s stock, valued at $184,875. The trade was a 7.41 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Friday, December 13th, Benjamin Ore purchased 8,000 shares of Medalist Diversified REIT stock. The shares were purchased at an average price of $12.50 per share, for a total transaction of $100,000.00.

Medalist Diversified REIT Stock Performance

Medalist Diversified REIT stock opened at $12.62 on Wednesday. Medalist Diversified REIT, Inc. has a 12 month low of $10.88 and a 12 month high of $15.00. The stock has a market cap of $14.07 million, a price-to-earnings ratio of -57.36 and a beta of 0.72. The business has a 50 day moving average price of $12.77 and a two-hundred day moving average price of $12.51. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 3.05.

Medalist Diversified REIT Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 23rd. Investors of record on Monday, January 20th were given a $0.065 dividend. This is a boost from Medalist Diversified REIT’s previous quarterly dividend of $0.06. This represents a $0.26 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend was Friday, January 17th. Medalist Diversified REIT’s dividend payout ratio (DPR) is -118.18%.

Institutional Investors Weigh In On Medalist Diversified REIT

An institutional investor recently bought a new position in Medalist Diversified REIT stock. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Medalist Diversified REIT, Inc. (NASDAQ:MDRR) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,000 shares of the company’s stock, valued at approximately $67,000. Halbert Hargrove Global Advisors LLC owned 0.45% of Medalist Diversified REIT as of its most recent filing with the Securities and Exchange Commission. 17.40% of the stock is owned by institutional investors.

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.