Medalist Diversified REIT, Inc. (NASDAQ:MDRR – Get Free Report) declared a quarterly dividend on Wednesday, April 1st, NASDAQ Dividends reports. Stockholders of record on Wednesday, April 15th will be given a dividend of 0.0675 per share on Tuesday, April 21st. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Wednesday, April 15th.
Medalist Diversified REIT has decreased its dividend payment by an average of 0.3%per year over the last three years and has raised its dividend annually for the last 2 consecutive years.
Medalist Diversified REIT Price Performance
Shares of MDRR traded up $0.36 on Friday, hitting $11.66. The company’s stock had a trading volume of 1,357 shares, compared to its average volume of 1,370. The company has a market capitalization of $16.67 million, a PE ratio of -6.34 and a beta of 0.51. The company has a debt-to-equity ratio of 1.36, a current ratio of 4.47 and a quick ratio of 4.47. Medalist Diversified REIT has a fifty-two week low of $9.55 and a fifty-two week high of $14.52. The company has a 50 day moving average price of $11.75 and a 200 day moving average price of $12.67.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings restated a “sell (d)” rating on shares of Medalist Diversified REIT in a research note on Friday, January 9th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.
Read Our Latest Stock Analysis on MDRR
Medalist Diversified REIT Company Profile
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.
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