Medalist Diversified REIT (NASDAQ:MDRR) Releases Earnings Results, Beats Estimates By $1.50 EPS

Medalist Diversified REIT (NASDAQ:MDRRGet Free Report) posted its earnings results on Thursday. The company reported ($0.26) EPS for the quarter, topping the consensus estimate of ($1.76) by $1.50, FiscalAI reports. Medalist Diversified REIT had a negative return on equity of 16.16% and a net margin of 80.24%.The business had revenue of $1.81 million during the quarter, compared to the consensus estimate of $3.00 million.

Medalist Diversified REIT Price Performance

MDRR traded up $0.32 during trading on Friday, hitting $11.78. The company’s stock had a trading volume of 224 shares, compared to its average volume of 6,419. The company has a quick ratio of 19.71, a current ratio of 19.71 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $19.17 million, a price-to-earnings ratio of 3.07 and a beta of 0.58. The firm’s 50 day moving average price is $11.67 and its two-hundred day moving average price is $11.63. Medalist Diversified REIT has a 12 month low of $9.47 and a 12 month high of $14.52.

Medalist Diversified REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Thursday, July 23rd were given a $0.0675 dividend. The ex-dividend date was Thursday, July 23rd. This represents a $0.27 annualized dividend and a yield of 2.3%. Medalist Diversified REIT’s payout ratio is presently 7.05%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised 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, Based on data from MarketBeat, the stock has an average rating of “Hold”.

View Our Latest Analysis on Medalist Diversified REIT

Medalist Diversified REIT Company Profile

(Get Free Report)

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.

See Also

Earnings History for Medalist Diversified REIT (NASDAQ:MDRR)

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