Medalist Diversified REIT (NASDAQ:MDRR) Shares Set to Split on Wednesday, July 3rd

Medalist Diversified REIT, Inc. (NASDAQ:MDRRFree Report) shares are going to split before the market opens on Wednesday, July 3rd. The 5-1 split was announced on Wednesday, July 3rd. The newly created shares will be issued to shareholders after the market closes on Wednesday, July 3rd.

Medalist Diversified REIT Stock Performance

Shares of NASDAQ MDRR traded down $0.12 during trading on Friday, reaching $5.76. The stock had a trading volume of 22,454 shares, compared to its average volume of 7,001. The company has a debt-to-equity ratio of 2.86, a current ratio of 5.21 and a quick ratio of 5.21. Medalist Diversified REIT has a one year low of $4.12 and a one year high of $6.13. The firm’s 50 day moving average price is $5.66 and its two-hundred day moving average price is $5.47.

Medalist Diversified REIT Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Monday, April 22nd were issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date was Friday, April 19th. This is an increase from Medalist Diversified REIT’s previous quarterly dividend of $0.01. Medalist Diversified REIT’s payout ratio is currently -8.70%.

Insiders Place Their Bets

In other Medalist Diversified REIT news, CEO Frank Kavanaugh bought 41,600 shares of the business’s stock in a transaction on Friday, May 17th. The shares were purchased at an average price of $5.64 per share, with a total value of $234,624.00. Following the completion of the acquisition, the chief executive officer now directly owns 315,092 shares of the company’s stock, valued at approximately $1,777,118.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders have acquired 67,804 shares of company stock valued at $385,943. Company insiders own 16.92% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Medalist Diversified REIT stock. Stilwell Value LLC purchased a new stake in shares of Medalist Diversified REIT, Inc. (NASDAQ:MDRRFree Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 22,835 shares of the company’s stock, valued at approximately $121,000. Stilwell Value LLC owned 1.03% of Medalist Diversified REIT as of its most recent filing with the Securities and Exchange Commission (SEC). 17.40% of the stock is owned by institutional investors.

Medalist Diversified REIT Company Profile

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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.

Further Reading

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