Insider Buying: Medalist Diversified REIT (NASDAQ:MDRR) CEO Buys 70,000 Shares of Stock

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) CEO Frank Kavanaugh purchased 70,000 shares of the stock in a transaction on Wednesday, December 10th. The shares were purchased at an average price of $14.71 per share, with a total value of $1,029,700.00. Following the acquisition, the chief executive officer owned 299,595 shares in the company, valued at approximately $4,407,042.45. The trade was a 30.49% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, December 8th, Frank Kavanaugh purchased 958 shares of Medalist Diversified REIT stock. The shares were purchased at an average cost of $13.50 per share, for a total transaction of $12,933.00.
• On Friday, December 5th, Frank Kavanaugh acquired 7,063 shares of Medalist Diversified REIT stock. The stock was acquired at an average cost of $14.03 per share, for a total transaction of $99,093.89.
• On Friday, November 14th, Frank Kavanaugh purchased 20,000 shares of Medalist Diversified REIT stock. The stock was acquired at an average cost of $13.50 per share, for a total transaction of $270,000.00.
• On Thursday, November 13th, Frank Kavanaugh purchased 5,953 shares of Medalist Diversified REIT stock. The shares were acquired at an average price of $13.28 per share, for a total transaction of $79,055.84.
• On Wednesday, November 12th, Frank Kavanaugh acquired 6 shares of Medalist Diversified REIT stock. The shares were bought at an average cost of $13.50 per share, with a total value of $81.00.

Medalist Diversified REIT Stock Up 0.6%

Shares of Medalist Diversified REIT stock traded up $0.08 during trading on Thursday, reaching $13.28. 2,371 shares of the company traded hands, compared to its average volume of 3,194. The firm has a market capitalization of $14.74 million, a PE ratio of -7.33 and a beta of 0.46. Medalist Diversified REIT, Inc. has a 1-year low of $9.55 and a 1-year high of $15.00. The company has a 50 day moving average price of $13.39 and a 200-day moving average price of $12.37. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.29 and a quick ratio of 2.29.

Medalist Diversified REIT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 14th. Stockholders of record on Thursday, October 9th were paid a $0.0675 dividend. The ex-dividend date was Thursday, October 9th. This represents a $0.27 annualized dividend and a dividend yield of 2.0%. Medalist Diversified REIT’s dividend payout ratio (DPR) is currently -14.92%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Medalist Diversified REIT in a report on Tuesday, October 14th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

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.