Medalist Diversified REIT (NASDAQ:MDRR) Shares Up 1.7% – Still a Buy?

Medalist Diversified REIT, Inc. (NASDAQ:MDRR)’s share price was up 1.7% during mid-day trading on Monday . The stock traded as high as $11.74 and last traded at $11.5960. 1,573 shares traded hands during trading, an increase of 55% from the average daily volume of 1,014 shares. The stock had previously closed at $11.40.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Medalist Diversified REIT from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, June 9th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Medalist Diversified REIT has an average rating of “Hold”.

Medalist Diversified REIT Price Performance

The company has a current ratio of 19.71, a quick ratio of 19.71 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $19.84 million, a PE ratio of 3.25 and a beta of 0.58. The stock’s 50-day moving average is $11.62 and its two-hundred day moving average is $11.65.

Medalist Diversified REIT (NASDAQ:MDRR) last posted its quarterly earnings data on Wednesday, May 13th. The company reported ($1.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.76) by ($0.14). The business had revenue of $2.16 million for the quarter, compared to analysts’ expectations of $3.00 million. Medalist Diversified REIT had a net margin of 74.73% and a negative return on equity of 16.90%.

Medalist Diversified REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 30th. Stockholders of record on Thursday, July 23rd were paid a dividend of $0.0675 per share. This represents a $0.27 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Thursday, July 23rd. Medalist Diversified REIT’s payout ratio is currently 7.20%.

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. Medalist utilizes a rigorous, consistent and replicable process for sourcing and conducting due diligence of acquisitions.