Medalist Diversified REIT Inc (NASDAQ:MDRR) Given Consensus Rating of “Strong Buy” by Brokerages

Shares of Medalist Diversified REIT Inc (NASDAQ:MDRR) have received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.

Analysts have set a 1-year consensus price target of $5.50 for the company and are expecting that the company will post $0.09 EPS for the current quarter, according to Zacks. Zacks has also assigned Medalist Diversified REIT an industry rank of 100 out of 256 based on the ratings given to related companies.

Separately, Aegis set a $6.00 price target on Medalist Diversified REIT and gave the company a “buy” rating in a research report on Friday, August 16th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kanawha Capital Management LLC boosted its position in shares of Medalist Diversified REIT by 63.6% during the second quarter. Kanawha Capital Management LLC now owns 19,618 shares of the company’s stock valued at $86,000 after purchasing an additional 7,627 shares in the last quarter. Moloney Securities Asset Management LLC bought a new stake in shares of Medalist Diversified REIT during the second quarter valued at approximately $53,000. Finally, Colony Group LLC bought a new stake in shares of Medalist Diversified REIT during the second quarter valued at approximately $3,856,000. Institutional investors own 20.41% of the company’s stock.

Shares of MDRR traded down $0.01 during mid-day trading on Monday, hitting $4.29. 7,198 shares of the company’s stock traded hands, compared to its average volume of 12,918. The company has a debt-to-equity ratio of 1.38, a current ratio of 8.54 and a quick ratio of 8.54. Medalist Diversified REIT has a 1 year low of $3.71 and a 1 year high of $9.75. The business’s 50-day moving average price is $4.33 and its 200-day moving average price is $5.69.

Medalist Diversified REIT Company Profile

There is no company description available for Medalist Diversified REIT Inc

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