Medalist Diversified REIT, Inc. (NASDAQ:MDRR – Get Free Report) was down 3.2% during trading on Monday. The stock traded as low as $10.01 and last traded at $10.08. 685 shares traded hands during trading, a decline of 87% from the average daily volume of 5,317 shares. The stock had previously closed at $10.41.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings lowered shares of Medalist Diversified REIT from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, September 28th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.
View Our Latest Analysis on Medalist Diversified REIT
Medalist Diversified REIT Trading Up 4.2%
Medalist Diversified REIT (NASDAQ:MDRR – Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.26) EPS for the quarter, beating the consensus estimate of ($1.76) by $1.50. Medalist Diversified REIT had a negative return on equity of 15.18% and a net margin of 80.24%.The firm had revenue of $1.81 million during the quarter, compared to the consensus estimate of $3.00 million.
Medalist Diversified REIT Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 23rd. Stockholders of record on Friday, October 16th will be paid a $0.0675 dividend. This represents a $0.27 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, October 16th. Medalist Diversified REIT’s dividend payout ratio (DPR) is currently 7.05%.
About Medalist Diversified REIT
Medalist Diversified REIT, Inc is a real estate investment trust that acquires, owns and manages income-producing commercial properties. The company’s portfolio has included office, retail, industrial and multifamily real estate, with an emphasis on properties that may offer opportunities for operational improvement and value creation.
Medalist Diversified REIT has historically focused on the Mid-Atlantic and southeastern United States, particularly markets in Virginia and North Carolina.
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