Medalist Diversified REIT (NASDAQ:MDRR – Get Free Report) released its quarterly earnings results on Wednesday. The company reported ($1.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.76) by ($0.14), Zacks reports. The business had revenue of $2.16 million for the quarter, compared to the consensus estimate of $3.00 million. Medalist Diversified REIT had a net margin of 74.73% and a negative return on equity of 19.47%.
Medalist Diversified REIT Stock Up 0.6%
Shares of Medalist Diversified REIT stock traded up $0.07 during midday trading on Friday, reaching $11.22. 2,715 shares of the company’s stock traded hands, compared to its average volume of 2,550. The company has a market cap of $16.04 million, a price-to-earnings ratio of 2.99 and a beta of 0.59. The company’s 50 day simple moving average is $11.50 and its 200 day simple moving average is $12.26. The company has a debt-to-equity ratio of 1.36, a quick ratio of 4.47 and a current ratio of 4.47. Medalist Diversified REIT has a 52 week low of $9.55 and a 52 week high of $14.52.
Medalist Diversified REIT Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 21st. Stockholders of record on Wednesday, April 15th were issued a dividend of $0.0675 per share. The ex-dividend date was Wednesday, April 15th. This represents a $0.27 dividend on an annualized basis and a dividend yield of 2.4%. Medalist Diversified REIT’s dividend payout ratio (DPR) is currently 7.20%.
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.
Further Reading
- Five stocks we like better than Medalist Diversified REIT
- Viking Sails to All-Time Highs—Fundamentals Signal More to Come
- Datavalut Gains Traction: 5 Reasons to Sell Now
- TMC Stock: Why This Pre-Revenue Miner Is Worth Watching
- The Power Grid Is Dying—Is It Time to Buy Its Replacement?
Receive News & Ratings for Medalist Diversified REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Medalist Diversified REIT and related companies with MarketBeat.com's FREE daily email newsletter.
