Medalist Diversified REIT, Inc. (NASDAQ:MDRR) CEO Frank Kavanaugh Acquires 7,702 Shares

Posted by Samantha Reynolds on May 26th, 2024

Medalist Diversified REIT, Inc. (NASDAQ:MDRR – Get Free Report) CEO Frank Kavanaugh acquired 7,702 shares of Medalist Diversified REIT stock in a transaction that occurred on Wednesday, May 22nd. The shares were bought at an average price of $5.67 per share, for a total transaction of $43,670.34. Following the transaction, the chief executive officer now owns 325,161 shares of the company’s stock, valued at approximately $1,843,662.87. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Frank Kavanaugh also recently made the following trade(s):

On Friday, May 24th, Frank Kavanaugh acquired 7,584 shares of Medalist Diversified REIT stock. The shares were bought at an average price of $5.82 per share, for a total transaction of $44,138.88.
On Monday, May 20th, Frank Kavanaugh bought 995 shares of Medalist Diversified REIT stock. The stock was acquired at an average price of $5.59 per share, for a total transaction of $5,562.05.
On Tuesday, March 19th, Frank Kavanaugh bought 1,372 shares of Medalist Diversified REIT stock. The stock was acquired at an average price of $5.82 per share, for a total transaction of $7,985.04.
On Friday, May 17th, Frank Kavanaugh acquired 41,600 shares of Medalist Diversified REIT stock. The stock was purchased at an average cost of $5.64 per share, with a total value of $234,624.00.
On Wednesday, March 13th, Frank Kavanaugh acquired 6,749 shares of Medalist Diversified REIT stock. The stock was purchased at an average cost of $5.75 per share, with a total value of $38,806.75.
On Monday, March 11th, Frank Kavanaugh acquired 20,191 shares of Medalist Diversified REIT stock. The stock was purchased at an average cost of $5.57 per share, with a total value of $112,463.87.

Medalist Diversified REIT Price Performance

MDRR opened at $5.88 on Friday. Medalist Diversified REIT, Inc. has a 12 month low of $4.12 and a 12 month high of $6.13. The company has a debt-to-equity ratio of 2.86, a current ratio of 5.21 and a quick ratio of 5.21. The business has a fifty day moving average price of $5.65 and a 200 day moving average price of $5.40.

Medalist Diversified REIT Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Monday, April 22nd were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 1.36%. This is a boost from Medalist Diversified REIT’s previous quarterly dividend of $0.01. The ex-dividend date was Friday, April 19th. Medalist Diversified REIT’s payout ratio is presently -8.70%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Medalist Diversified REIT stock. Stilwell Value LLC bought a new position in shares of Medalist Diversified REIT, Inc. (NASDAQ:MDRR – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 22,835 shares of the company’s stock, valued at approximately $121,000. Stilwell Value LLC owned approximately 1.03% of Medalist Diversified REIT at the end of the most recent reporting period. Institutional investors own 17.40% of the company’s stock.

About Medalist Diversified REIT

(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.