Medalist Diversified REIT (MDRR) Expected to Post Earnings on Thursday

Medalist Diversified REIT (NASDAQ:MDRR) is projected to announce its resultson Thursday, November 12th. Analysts expect the company to announce earnings of ($1.76) per share and revenue of $3.00 million for the quarter.

Medalist Diversified REIT (NASDAQ:MDRR) last announced its earnings results on Thursday, August 13th. The company reported ($0.26) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.76) by $1.50. The company had revenue of $1.81 million during the quarter, compared to analyst estimates of $3.00 million. Medalist Diversified REIT had a negative return on equity of 15.18% and a net margin of 80.24%.

Medalist Diversified REIT Trading Down 3.9%

MDRR opened at $9.98 on Tuesday. The company has a current ratio of 35.77, a quick ratio of 35.77 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $16.28 million, a PE ratio of 2.61 and a beta of 0.58. Medalist Diversified REIT has a 1-year low of $9.46 and a 1-year high of $14.52. The firm has a 50-day moving average price of $11.05 and a two-hundred day moving average price of $11.51.

Medalist Diversified REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 23rd. Stockholders of record on Friday, October 16th were given a dividend of $0.0675 per share. This represents a $0.27 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Friday, October 16th. Medalist Diversified REIT’s dividend payout ratio is presently 7.05%.

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of Medalist Diversified REIT from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, November 4th. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, Medalist Diversified REIT currently has an average rating of “Hold”.

About Medalist Diversified REIT

Medalist Diversified REIT, Inc is a real estate investment trust that acquires, owns, and manages commercial properties in the United States. The company has focused primarily on income-producing real estate in secondary and tertiary markets, with an emphasis on properties that may provide stable rental income and opportunities for operational or management improvements.

Its portfolio and investment activities have included office properties, medical office buildings, retail and shopping-center assets, industrial or flex-space properties, and hospitality-related real estate.