Medalist Diversified REIT, Inc. (NASDAQ:MDRR) CEO Acquires $45,347.43 in Stock

Medalist Diversified REIT, Inc. (NASDAQ:MDRRGet Free Report) CEO Frank Kavanaugh bought 7,673 shares of the business’s stock in a transaction dated Thursday, June 13th. The shares were acquired at an average cost of $5.91 per share, with a total value of $45,347.43. Following the completion of the purchase, the chief executive officer now owns 347,673 shares in the company, valued at approximately $2,054,747.43. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Frank Kavanaugh also recently made the following trade(s):

  • On Friday, May 24th, Frank Kavanaugh bought 7,584 shares of Medalist Diversified REIT stock. The shares were acquired at an average cost of $5.82 per share, with a total value of $44,138.88.
  • On Wednesday, May 22nd, Frank Kavanaugh bought 7,702 shares of Medalist Diversified REIT stock. The shares were acquired at an average cost of $5.67 per share, with a total value of $43,670.34.
  • On Monday, May 20th, Frank Kavanaugh acquired 995 shares of Medalist Diversified REIT stock. The stock was purchased at an average cost of $5.59 per share, with a total value of $5,562.05.
  • On Tuesday, March 19th, Frank Kavanaugh acquired 1,372 shares of Medalist Diversified REIT stock. The stock was purchased at an average cost of $5.82 per share, with a total value of $7,985.04.
  • On Friday, May 17th, Frank Kavanaugh acquired 41,600 shares of Medalist Diversified REIT stock. The stock was purchased at an average cost of $5.64 per share, with a total value of $234,624.00.

Medalist Diversified REIT Stock Down 0.8 %

NASDAQ MDRR opened at $5.87 on Thursday. Medalist Diversified REIT, Inc. has a 1-year low of $4.12 and a 1-year high of $6.13. The business has a 50 day moving average price of $5.66 and a 200 day moving average price of $5.47. The company has a quick ratio of 5.21, a current ratio of 5.21 and a debt-to-equity ratio of 2.86.

Medalist Diversified REIT Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Monday, April 22nd were paid a $0.02 dividend. This is an increase from Medalist Diversified REIT’s previous quarterly dividend of $0.01. This represents a $0.08 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend was Friday, April 19th. Medalist Diversified REIT’s dividend payout ratio (DPR) is presently -8.70%.

Hedge Funds Weigh In On Medalist Diversified REIT

An institutional investor recently bought a new position in Medalist Diversified REIT stock. Stilwell Value LLC acquired a new stake in Medalist Diversified REIT, Inc. (NASDAQ:MDRRFree Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 22,835 shares of the company’s stock, valued at approximately $121,000. Stilwell Value LLC owned approximately 1.03% of Medalist Diversified REIT at the end of the most recent reporting period. Institutional investors own 17.40% of the company’s stock.

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.

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Insider Buying and Selling by Quarter for Medalist Diversified REIT (NASDAQ:MDRR)

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