Medalist Diversified REIT (NASDAQ:MDRR) Posts 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) earnings per share for the quarter, topping the consensus estimate of ($1.76) by $1.50, FiscalAI reports. The firm 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 16.90% and a net margin of 74.73%.

Medalist Diversified REIT Stock Performance

NASDAQ MDRR traded down $0.40 during trading on Thursday, hitting $11.78. The company’s stock had a trading volume of 224 shares, compared to its average volume of 3,741. 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 firm has a 50 day moving average price of $11.66 and a 200 day moving average price of $11.63. The firm has a market cap of $19.19 million, a P/E ratio of 3.14 and a beta of 0.58. Medalist Diversified REIT has a 52 week low of $9.47 and a 52 week high of $14.52.

Medalist Diversified REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Thursday, July 23rd were issued a $0.0675 dividend. The ex-dividend date of this dividend was Thursday, July 23rd. This represents a $0.27 dividend on an annualized basis and a yield of 2.3%. Medalist Diversified REIT’s dividend payout ratio (DPR) is 7.20%.

Analyst Upgrades and Downgrades

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 analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

Read Our Latest Stock 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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