Medalist Diversified REIT, Inc. (NASDAQ:MDRR) Short Interest Update

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) was the recipient of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 3,236 shares, a decline of 38.4% from the July 30th total of 5,251 shares. Based on an average daily volume of 11,472 shares, the short-interest ratio is presently 0.3 days. Approximately 0.9% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of Medalist Diversified REIT from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, August 21st. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Medalist Diversified REIT Trading Down 0.8%

MDRR traded down $0.10 during trading on Tuesday, hitting $12.00. 1,428 shares of the company’s stock were exchanged, compared to its average volume of 3,602. Medalist Diversified REIT has a 1 year low of $9.47 and a 1 year high of $14.52. The stock has a 50 day moving average price of $11.74 and a 200 day moving average price of $11.61. The firm has a market cap of $19.56 million, a P/E ratio of 3.13 and a beta of 0.58. The company has a current ratio of 35.77, a quick ratio of 35.77 and a debt-to-equity ratio of 0.24.

Medalist Diversified REIT (NASDAQ:MDRR) last issued its earnings results on Thursday, August 13th. The company reported ($0.26) EPS for the quarter, beating analysts’ consensus estimates of ($1.76) by $1.50. Medalist Diversified REIT had a net margin of 80.24% and a negative return on equity of 15.18%. The business had revenue of $1.81 million for the quarter, compared to the consensus estimate of $3.00 million.

Medalist Diversified REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Thursday, July 23rd were given a $0.0675 dividend. The ex-dividend date of this dividend was Thursday, July 23rd. This represents a $0.27 annualized dividend and a yield of 2.3%. Medalist Diversified REIT’s dividend payout ratio (DPR) is 7.05%.

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. Medalist utilizes a rigorous, consistent and replicable process for sourcing and conducting due diligence of acquisitions.