Insider Buying: Medalist Diversified REIT, Inc. (NASDAQ:MDRR) CEO Purchases 20,917 Shares of Stock

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) CEO Frank Kavanaugh bought 20,917 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was bought at an average cost of $12.29 per share, with a total value of $257,069.93. Following the completion of the transaction, the chief executive officer now owns 228,500 shares in the company, valued at approximately $2,808,265. This trade represents a 10.08 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Friday, September 13th, Frank Kavanaugh bought 2,380 shares of Medalist Diversified REIT stock. The stock was purchased at an average cost of $12.15 per share, with a total value of $28,917.00.
• On Thursday, September 5th, Frank Kavanaugh bought 200 shares of Medalist Diversified REIT stock. The stock was acquired at an average cost of $12.20 per share, for a total transaction of $2,440.00.
• On Friday, August 30th, Frank Kavanaugh bought 5,569 shares of Medalist Diversified REIT stock. The shares were acquired at an average cost of $12.31 per share, with a total value of $68,554.39.

Medalist Diversified REIT Stock Down 2.2 %

MDRR stock opened at $12.11 on Wednesday. The company’s 50 day moving average is $12.21. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 3.05. The company has a market cap of $13.50 million, a price-to-earnings ratio of -55.05 and a beta of 0.73. Medalist Diversified REIT, Inc. has a twelve month low of $8.24 and a twelve month high of $14.94.

Medalist Diversified REIT Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Wednesday, October 16th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend was Wednesday, October 16th. Medalist Diversified REIT’s dividend payout ratio is currently -109.09%.

Institutional Trading of Medalist Diversified REIT

A hedge fund recently bought a new stake in Medalist Diversified REIT stock. EP Wealth Advisors LLC acquired a new stake in shares of Medalist Diversified REIT, Inc. (NASDAQ:MDRR) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 45,345 shares of the company’s stock, valued at approximately $545,000. EP Wealth Advisors LLC owned about 4.07% of Medalist Diversified REIT as of its most recent filing with the Securities and Exchange Commission (SEC). 17.40% of the stock is currently owned by institutional investors and hedge funds.

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.