Medalist Diversified REIT (NASDAQ:MDRR) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Medalist Diversified REIT, Inc. (NASDAQ:MDRR)’s stock price passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $11.57 and traded as high as $11.75. Medalist Diversified REIT shares last traded at $11.74, with a volume of 10,248 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Medalist Diversified REIT from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, October 21st. One research analyst has rated the stock with a Hold rating. According to MarketBeat.com, the company has a consensus rating of “Hold”.

Medalist Diversified REIT Trading Up 11.7%

The stock has a 50 day simple moving average of $11.24 and a 200-day simple moving average of $11.57. The firm has a market capitalization of $19.14 million, a P/E ratio of 3.07 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 released its quarterly earnings results on Thursday, August 13th. The company reported ($0.26) EPS for the quarter, beating the consensus estimate of ($1.76) by $1.50. The firm had revenue of $1.81 million during the quarter, compared to analyst estimates of $3.00 million. Medalist Diversified REIT had a net margin of 80.24% and a negative return on equity of 15.18%.

Medalist Diversified REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 23rd. Shareholders of record on Friday, October 16th were given a $0.0675 dividend. The ex-dividend date was Friday, October 16th. This represents a $0.27 annualized dividend and a yield of 2.3%. Medalist Diversified REIT’s dividend payout ratio (DPR) is presently 7.05%.

About Medalist Diversified REIT

Medalist Diversified REIT, Inc is a real estate investment trust that acquires, owns, and manages commercial properties in the United States. The company has focused primarily on income-producing real estate in secondary and tertiary markets, with an emphasis on properties that may provide stable rental income and opportunities for operational or management improvements.

Its portfolio and investment activities have included office properties, medical office buildings, retail and shopping-center assets, industrial or flex-space properties, and hospitality-related real estate.