Medalist Diversified REIT, Inc. (NASDAQ:MDRR) Insider Benjamin Ore Buys 8,000 Shares

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) insider Benjamin Ore purchased 8,000 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were acquired at an average cost of $12.50 per share, with a total value of $100,000.00. Following the completion of the purchase, the insider now owns 12,500 shares of the company’s stock, valued at $156,250. The trade was a 177.78 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Benjamin Ore also recently made the following trade(s):

• On Monday, November 25th, Benjamin Ore bought 1,000 shares of Medalist Diversified REIT stock. The shares were acquired at an average cost of $12.31 per share, with a total value of $12,310.00.

Medalist Diversified REIT Stock Up 10.0 %

MDRR stock opened at $14.48 on Thursday. Medalist Diversified REIT, Inc. has a twelve month low of $8.24 and a twelve month high of $15.00. The company has a debt-to-equity ratio of 3.05, a quick ratio of 4.01 and a current ratio of 4.01. The firm has a market cap of $16.15 million, a P/E ratio of -65.82 and a beta of 0.73. The company has a fifty day moving average of $12.31.

Medalist Diversified REIT Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Wednesday, October 16th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.66%. The ex-dividend date was Wednesday, October 16th. Medalist Diversified REIT’s payout ratio is -109.09%.

Hedge Funds Weigh In On Medalist Diversified REIT

An institutional investor recently raised its position in Medalist Diversified REIT stock. Renaissance Technologies LLC lifted its position in Medalist Diversified REIT, Inc. (NASDAQ:MDRR) by 7.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,449 shares of the company’s stock after acquiring an additional 900 shares during the period. Renaissance Technologies LLC owned approximately 1.11% of Medalist Diversified REIT worth $72,000 at the end of the most recent quarter. 17.40% of the stock is 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.