Medalist Diversified REIT (NASDAQ:MDRR) Stock Price Up 5.9% – Here’s Why

Medalist Diversified REIT, Inc. (NASDAQ:MDRR)’s stock price traded up 5.9% during trading on Tuesday . The stock traded as high as $10.63 and last traded at $10.75. 372 shares were traded during trading, a decline of 37% from the average session volume of 594 shares. The stock had previously closed at $10.15.

Medalist Diversified REIT Price Performance

The company’s 50 day moving average is $11.09 and its 200 day moving average is $11.90. The company has a current ratio of 2.74, a quick ratio of 3.71 and a debt-to-equity ratio of 1.72. The stock has a market capitalization of $14.51 million, a price-to-earnings ratio of -5.94 and a beta of 0.26.

Medalist Diversified REIT (NASDAQ:MDRR) last announced its quarterly earnings results on Thursday, August 7th. The company reported ($0.34) EPS for the quarter. Medalist Diversified REIT had a negative return on equity of 10.25% and a negative net margin of 23.54%. The company had revenue of $2.46 million for the quarter.

Medalist Diversified REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 16th. Shareholders of record on Friday, July 11th were given a dividend of $0.0675 per share. This represents a $0.27 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Friday, July 11th. Medalist Diversified REIT’s dividend payout ratio (DPR) is presently -14.92%.

Medalist Diversified REIT Company Profile

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.