Insider Buying: Medalist Diversified REIT, Inc. (NASDAQ:MDRR) Insider Purchases $12,310.00 in Stock

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) insider Benjamin Ore bought 1,000 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was purchased at an average price of $12.31 per share, with a total value of $12,310.00. Following the purchase, the insider now directly owns 4,500 shares of the company’s stock, valued at $55,395. The trade was a 28.57 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Friday, September 13th, Benjamin Ore purchased 369 shares of Medalist Diversified REIT stock. The shares were acquired at an average cost of $12.05 per share, with a total value of $4,446.45.
• On Tuesday, September 10th, Benjamin Ore acquired 644 shares of Medalist Diversified REIT stock. The stock was acquired at an average cost of $12.25 per share, for a total transaction of $7,889.00.

Medalist Diversified REIT Stock Performance

Shares of MDRR stock opened at $12.39 on Friday. Medalist Diversified REIT, Inc. has a 52 week low of $8.24 and a 52 week high of $14.94. 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 business’s fifty day simple moving average is $12.21.

Medalist Diversified REIT Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Wednesday, October 16th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend was Wednesday, October 16th. Medalist Diversified REIT’s dividend payout ratio is currently -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 increased its stake in Medalist Diversified REIT, Inc. (NASDAQ:MDRR) by 7.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,449 shares of the company’s stock after purchasing an additional 900 shares during the period. Renaissance Technologies LLC owned 1.11% of Medalist Diversified REIT worth $72,000 as of its most recent SEC filing. 17.40% of the stock is currently owned by institutional investors.

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.