Medalist Diversified REIT, Inc. (NASDAQ:MDRR) Short Interest Down 38.4% in August

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) was the target of a significant decline in short interest in August. As of August 14th, there was short interest totaling 3,236 shares, a decline of 38.4% from the July 30th total of 5,251 shares. Currently, 0.9% of the company’s shares are short sold. Based on an average daily trading volume, of 11,472 shares, the days-to-cover ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of Medalist Diversified REIT from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, August 21st. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Medalist Diversified REIT stock. Public Employees Retirement System of Ohio bought a new position in Medalist Diversified REIT, Inc. (NASDAQ:MDRR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 42,548 shares of the company’s stock, valued at approximately $221,000. Public Employees Retirement System of Ohio owned about 2.61% of Medalist Diversified REIT as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 17.40% of the company’s stock.

Medalist Diversified REIT Price Performance

MDRR stock opened at $12.00 on Monday. The stock has a market capitalization of $19.56 million, a price-to-earnings ratio of 3.13 and a beta of 0.58. The company has a quick ratio of 35.77, a current ratio of 35.77 and a debt-to-equity ratio of 0.24. Medalist Diversified REIT has a 52-week low of $9.47 and a 52-week high of $14.52. The stock’s fifty day simple moving average is $11.73 and its 200-day simple moving average is $11.60.

Medalist Diversified REIT (NASDAQ:MDRR) last released its earnings results on Thursday, August 13th. The company reported ($0.26) EPS for the quarter, beating the consensus estimate of ($1.76) by $1.50. Medalist Diversified REIT had a negative return on equity of 15.18% and a net margin of 80.24%.The firm had revenue of $1.81 million during the quarter, compared to analyst estimates of $3.00 million.

Medalist Diversified REIT Announces Dividend

The firm also recently declared 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 was Thursday, July 23rd. This represents a $0.27 annualized dividend and a yield of 2.3%. Medalist Diversified REIT’s payout ratio is 7.05%.

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.