Insider Buying: Medalist Diversified REIT, Inc. (NASDAQ:MDRR) CEO Buys 13,961 Shares of Stock

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) CEO Frank Kavanaugh acquired 13,961 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was purchased at an average price of $12.14 per share, with a total value of $169,486.54. Following the transaction, the chief executive officer now owns 192,631 shares of the company’s stock, valued at approximately $2,338,540.34. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Thursday, June 13th, Frank Kavanaugh acquired 38,365 shares of Medalist Diversified REIT stock. The stock was purchased at an average price of $1.18 per share, with a total value of $45,347.43.
• On Friday, May 24th, Frank Kavanaugh acquired 37,920 shares of Medalist Diversified REIT stock. The stock was purchased at an average price of $1.16 per share, with a total value of $44,138.88.
• On Wednesday, May 22nd, Frank Kavanaugh acquired 38,510 shares of Medalist Diversified REIT stock. The stock was purchased at an average price of $1.13 per share, with a total value of $43,670.34.
• On Monday, May 20th, Frank Kavanaugh acquired 4,975 shares of Medalist Diversified REIT stock. The stock was purchased at an average price of $1.12 per share, with a total value of $5,562.05.

Medalist Diversified REIT Price Performance

Shares of Medalist Diversified REIT stock traded up $0.10 during trading hours on Friday, reaching $12.25. The stock had a trading volume of 646 shares, compared to its average volume of 14,254. The stock’s 50 day moving average is $8.08 and its 200 day moving average is $3.53. The firm has a market capitalization of $13.70 million, a PE ratio of -6.66 and a beta of 0.74. Medalist Diversified REIT, Inc. has a twelve month low of $2.06 and a twelve month high of $14.94. The company has a current ratio of 5.21, a quick ratio of 5.21 and a debt-to-equity ratio of 2.86.

Medalist Diversified REIT Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, July 26th. Investors of record on Tuesday, July 23rd were given a dividend of $0.05 per share. The ex-dividend date was Tuesday, July 23rd. Medalist Diversified REIT’s dividend payout ratio (DPR) is presently -8.70%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Medalist Diversified REIT stock. Stilwell Value LLC increased its stake in shares of Medalist Diversified REIT, Inc. (NASDAQ:MDRR) by 70.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 38,992 shares of the company’s stock after purchasing an additional 16,157 shares during the period. Medalist Diversified REIT accounts for approximately 0.2% of Stilwell Value LLC’s investment portfolio, making the stock its 29th biggest position. Stilwell Value LLC owned approximately 1.76% of Medalist Diversified REIT worth $205,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 17.40% of the company’s stock.

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.