Medalist Diversified REIT, Inc. (NASDAQ:MDRR) Sees Large Growth in Short Interest

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) saw a significant growth in short interest in September. As of September 30th, there was short interest totaling 6,910 shares, a growth of 66.4% from the September 15th total of 4,153 shares. Currently, 1.9% of the shares of the stock are short sold. Based on an average trading volume of 5,820 shares, the short-interest ratio is currently 1.2 days.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered Medalist Diversified REIT from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, September 28th. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, Medalist Diversified REIT currently has a consensus rating of “Hold”.

Medalist Diversified REIT Trading Up 0.1%

Shares of MDRR stock opened at $10.52 on Friday. The company has a market cap of $17.15 million, a PE ratio of 2.75 and a beta of 0.58. The stock’s 50 day simple moving average is $11.53 and its two-hundred day simple moving average is $11.54. Medalist Diversified REIT has a 1 year low of $9.47 and a 1 year high of $14.52. The company has a debt-to-equity ratio of 0.24, a current ratio of 35.77 and a quick ratio of 35.77.

Medalist Diversified REIT (NASDAQ:MDRR) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.26) EPS for the quarter, topping the consensus estimate of ($1.76) by $1.50. Medalist Diversified REIT had a net margin of 80.24% and a negative return on equity of 15.18%. The company had revenue of $1.81 million during the quarter, compared to analyst estimates of $3.00 million.

Medalist Diversified REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 23rd. Investors of record on Friday, October 16th will be issued a dividend of $0.0675 per share. The ex-dividend date is Friday, October 16th. This represents a $0.27 dividend on an annualized basis and a yield of 2.6%. Medalist Diversified REIT’s payout ratio is presently 7.05%.

Medalist Diversified REIT Company Profile

Medalist Diversified REIT, Inc (NASDAQ: MDRR) is a real estate investment trust that acquires, owns and manages income-producing commercial properties. The company focuses primarily on diversified real estate assets, including office, retail and hospitality properties.

Medalist’s portfolio has included commercial properties and hotels, with an emphasis on assets located in the southeastern United States. Its activities include property operations, leasing and asset management, with the goal of generating rental and operating income from its real estate holdings.

Founded in 2014, Medalist Diversified REIT became a publicly traded company in 2015.