Medalist Diversified REIT (NASDAQ:MDRR) Stock Price Up 0.7% – What’s Next?

Medalist Diversified REIT, Inc. (NASDAQ:MDRR)’s share price shot up 0.7% during trading on Thursday . The stock traded as high as $11.35 and last traded at $11.4350. 899 shares changed hands during mid-day trading, a decline of 72% from the average session volume of 3,269 shares. The stock had previously closed at $11.35.

Wall Street Analysts Forecast Growth

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

Medalist Diversified REIT Stock Performance

The company has a debt-to-equity ratio of 0.48, a quick ratio of 19.71 and a current ratio of 19.71. The stock has a market cap of $18.64 million, a P/E ratio of 3.05 and a beta of 0.58. The company’s 50 day moving average price is $11.48 and its 200-day moving average price is $11.86.

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

Medalist Diversified REIT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 21st. Shareholders of record on Wednesday, April 15th were given a dividend of $0.0675 per share. The ex-dividend date of this dividend was Wednesday, April 15th. This represents a $0.27 annualized dividend and a dividend yield of 2.4%. Medalist Diversified REIT’s dividend payout ratio (DPR) 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.