Medalist Diversified REIT, Inc. (NASDAQ:MDRR) CEO Acquires $28,917.00 in Stock

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) CEO Frank Kavanaugh purchased 2,380 shares of the stock in a transaction on Friday, September 13th. The shares were acquired at an average cost of $12.15 per share, with a total value of $28,917.00. Following the transaction, the chief executive officer now directly owns 207,583 shares in the company, valued at $2,522,133.45. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Thursday, September 5th, Frank Kavanaugh bought 200 shares of Medalist Diversified REIT stock. The shares were acquired at an average cost of $12.20 per share, for a total transaction of $2,440.00.
• On Friday, August 30th, Frank Kavanaugh purchased 5,569 shares of Medalist Diversified REIT stock. The stock was acquired at an average cost of $12.31 per share, with a total value of $68,554.39.
• On Thursday, August 15th, Frank Kavanaugh acquired 13,961 shares of Medalist Diversified REIT stock. The shares were bought at an average cost of $12.14 per share, for a total transaction of $169,486.54.

Medalist Diversified REIT Stock Up 1.6 %

Shares of NASDAQ:MDRR traded up $0.20 on Monday, hitting $12.35. The company had a trading volume of 994 shares, compared to its average volume of 5,806. The stock’s 50-day moving average is $12.11. The company has a market cap of $13.81 million, a price-to-earnings ratio of -6.60 and a beta of 0.73. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 2.95. Medalist Diversified REIT, Inc. has a 1 year low of $8.24 and a 1 year high of $14.94.

Medalist Diversified REIT Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, July 26th. Shareholders of record on Tuesday, July 23rd were issued a $0.05 dividend. The ex-dividend date was Tuesday, July 23rd. Medalist Diversified REIT’s dividend payout ratio (DPR) is presently -10.87%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Medalist Diversified REIT stock. Stilwell Value LLC lifted its position in shares of Medalist Diversified REIT, Inc. (NASDAQ:MDRR) by 70.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,992 shares of the company’s stock after purchasing an additional 16,157 shares during the quarter. Medalist Diversified REIT comprises 0.2% of Stilwell Value LLC’s investment portfolio, making the stock its 29th biggest holding. Stilwell Value LLC owned approximately 1.76% of Medalist Diversified REIT worth $205,000 at the end of the most recent reporting period. 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.