Medalist Diversified REIT, Inc. (NASDAQ:MDRR) Plans Quarterly Dividend of $0.02

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) announced a quarterly dividend on Monday, April 8th, Zacks reports. Shareholders of record on Monday, April 22nd will be paid a dividend of 0.02 per share on Thursday, April 25th. This represents a $0.08 annualized dividend and a yield of 1.43%. The ex-dividend date is Friday, April 19th. This is an increase from Medalist Diversified REIT’s previous quarterly dividend of $0.01.

Medalist Diversified REIT has decreased its dividend by an average of 45.7% annually over the last three years.

Medalist Diversified REIT Price Performance

Shares of NASDAQ MDRR opened at $5.59 on Thursday. Medalist Diversified REIT has a fifty-two week low of $4.12 and a fifty-two week high of $6.78. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 4.40. The business’s 50 day moving average price is $5.59 and its 200-day moving average price is $5.35.

Insider Buying and Selling at Medalist Diversified REIT

In other Medalist Diversified REIT news, CEO Frank Kavanaugh bought 6,749 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was acquired at an average cost of $5.75 per share, for a total transaction of $38,806.75. Following the completion of the transaction, the chief executive officer now owns 265,787 shares in the company, valued at $1,528,275.25. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders have acquired 30,264 shares of company stock valued at $170,073 in the last quarter. 16.92% of the stock is owned by insiders.

Institutional Investors Weigh In On Medalist Diversified REIT

Large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Medalist Diversified REIT by 166.3% in the 3rd quarter. Vanguard Group Inc. now owns 48,881 shares of the company’s stock worth $40,000 after purchasing an additional 30,525 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Medalist Diversified REIT by 71.1% in the third quarter. Renaissance Technologies LLC now owns 130,000 shares of the company’s stock worth $106,000 after buying an additional 54,002 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Medalist Diversified REIT during the first quarter worth $75,000. Hedge funds and other institutional investors own 17.40% of the company’s stock.

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.