Medalist Diversified REIT (NASDAQ:MDRR) Shares Down 3.2% – Should You Sell?

Medalist Diversified REIT, Inc. (NASDAQ:MDRR)’s share price traded down 3.2% during trading on Monday. The stock traded as low as $10.01 and last traded at $10.08. 685 shares were traded during mid-day trading, a decline of 87% from the average session volume of 5,317 shares. The stock had previously closed at $10.41.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Medalist Diversified REIT from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, September 28th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Medalist Diversified REIT has an average rating of “Hold”.

Medalist Diversified REIT Stock Down 3.2%

The company has a debt-to-equity ratio of 0.24, a current ratio of 35.77 and a quick ratio of 35.77. The company has a market cap of $16.43 million, a P/E ratio of 2.63 and a beta of 0.58. The business’s 50 day moving average price is $11.72 and its 200-day moving average price is $11.59.

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

Medalist Diversified REIT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 30th. Stockholders of record on Thursday, July 23rd were given a dividend of $0.0675 per share. This represents a $0.27 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, July 23rd. Medalist Diversified REIT’s dividend payout ratio (DPR) is currently 7.05%.

Medalist Diversified REIT Company Profile

Medalist Diversified REIT, Inc is a real estate investment trust that acquires, owns and manages income-producing commercial properties. The company’s portfolio has included office, retail, industrial and multifamily real estate, with an emphasis on properties that may offer opportunities for operational improvement and value creation.

Medalist Diversified REIT has historically focused on the Mid-Atlantic and southeastern United States, particularly markets in Virginia and North Carolina.