Medalist Diversified REIT, Inc. (MDRR) To Go Ex-Dividend on October 16th

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) announced a quarterly dividend on Tuesday, October 6th. Shareholders of record on Friday, October 16th will be paid a dividend of $0.0675 per share on Friday, October 23rd. This represents a $0.27 annualized dividend and a yield of 2.6%. The ex-dividend date is Friday, October 16th.

Medalist Diversified REIT has decreased its dividend by an average of 0.3%annually over the last three years and has raised its dividend annually for the last 2 consecutive years.

Medalist Diversified REIT Trading Up 3.8%

Shares of NASDAQ:MDRR opened at $10.47 on Thursday. Medalist Diversified REIT has a 12-month low of $9.47 and a 12-month high of $14.52. The business has a 50 day moving average of $11.67 and a 200-day moving average of $11.58. The company has a quick ratio of 35.77, a current ratio of 35.77 and a debt-to-equity ratio of 0.24. The stock has a market cap of $17.06 million, a PE ratio of 2.73 and a beta of 0.58.

Medalist Diversified REIT (NASDAQ:MDRR) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.26) earnings per share for the quarter, topping 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 business had revenue of $1.81 million during the quarter, compared to analysts’ expectations of $3.00 million.

Analyst Ratings Changes

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

About Medalist Diversified REIT

Medalist Diversified REIT, Inc (NASDAQ: MDRR) is a real estate investment trust that acquires, owns and manages income-producing commercial properties. The company focuses primarily on diversified real estate assets, including office, retail and hospitality properties.

Medalist’s portfolio has included commercial properties and hotels, with an emphasis on assets located in the southeastern United States. Its activities include property operations, leasing and asset management, with the goal of generating rental and operating income from its real estate holdings.

Founded in 2014, Medalist Diversified REIT became a publicly traded company in 2015.