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

Medalist Diversified REIT, Inc. (NASDAQ:MDRRFree Report) shares are going to split on the morning of Wednesday, July 3rd. The 5-1 split was announced on Wednesday, July 3rd. The newly created shares will be payable to shareholders after the closing bell on Wednesday, July 3rd.

Medalist Diversified REIT Price Performance

NASDAQ MDRR traded down $0.12 during trading hours on Friday, hitting $5.76. 22,454 shares of the company were exchanged, compared to its average volume of 7,001. The company has a 50 day moving average of $5.66 and a two-hundred day moving average of $5.47. 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 52-week low of $4.12 and a 52-week high of $6.13.

Medalist Diversified REIT Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Monday, April 22nd were paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.39%. This is a positive change from Medalist Diversified REIT’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Friday, April 19th. Medalist Diversified REIT’s dividend payout ratio is presently -8.70%.

Insider Buying and Selling

In other news, CEO Frank Kavanaugh acquired 41,600 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was acquired at an average cost of $5.64 per share, with a total value of $234,624.00. Following the transaction, the chief executive officer now owns 315,092 shares in the company, valued at $1,777,118.88. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders bought 67,804 shares of company stock worth $385,943 over the last 90 days. 16.92% of the stock is owned by insiders.

Institutional Investors Weigh In On Medalist Diversified REIT

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

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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