Medalist Diversified REIT (MDRR) Projected to Release Earnings on Wednesday

Medalist Diversified REIT (NASDAQ:MDRR) is projected to issue its results after the market closes on Wednesday, August 12th. Analysts expect the company to post earnings of ($1.76) per share and revenue of $3.00 million for the quarter.

Medalist Diversified REIT (NASDAQ:MDRR) last issued its quarterly earnings data on Wednesday, May 13th. The company reported ($1.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.76) by ($0.14). The firm had revenue of $2.16 million for the quarter, compared to analyst estimates of $3.00 million. Medalist Diversified REIT had a negative return on equity of 16.90% and a net margin of 74.73%.

Medalist Diversified REIT Stock Down 3.0%

Medalist Diversified REIT stock opened at $11.38 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 19.71 and a current ratio of 19.71. The firm has a market capitalization of $18.55 million, a price-to-earnings ratio of 3.03 and a beta of 0.58. Medalist Diversified REIT has a fifty-two week low of $9.47 and a fifty-two week high of $14.52. The stock’s fifty day moving average is $11.62 and its two-hundred day moving average is $11.65.

Medalist Diversified REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Thursday, July 23rd were given a $0.0675 dividend. The ex-dividend date was Thursday, July 23rd. This represents a $0.27 annualized dividend and a dividend yield of 2.4%. Medalist Diversified REIT’s payout ratio is currently 7.20%.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Medalist Diversified REIT from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, June 9th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

About Medalist Diversified REIT

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.