Insider Buying: Medalist Diversified REIT, Inc. (NASDAQ:MDRR) CEO Purchases 7,584 Shares of Stock

Posted by MarketBeat News on May 26th, 2024

Medalist Diversified REIT, Inc. (NASDAQ:MDRR – Get Free Report) CEO Frank Kavanaugh acquired 7,584 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was bought at an average cost of $5.82 per share, with a total value of $44,138.88. Following the acquisition, the chief executive officer now owns 340,000 shares in the company, valued at $1,978,800. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Frank Kavanaugh also recently made the following trade(s):

On Wednesday, May 22nd, Frank Kavanaugh acquired 7,702 shares of Medalist Diversified REIT stock. The stock was bought at an average cost of $5.67 per share, with a total value of $43,670.34.
On Monday, May 20th, Frank Kavanaugh acquired 995 shares of Medalist Diversified REIT stock. The stock was bought at an average cost of $5.59 per share, with a total value of $5,562.05.
On Tuesday, March 19th, Frank Kavanaugh acquired 1,372 shares of Medalist Diversified REIT stock. The stock was bought at an average cost of $5.82 per share, with a total value of $7,985.04.
On Friday, May 17th, Frank Kavanaugh acquired 41,600 shares of Medalist Diversified REIT stock. The stock was bought at an average cost of $5.64 per share, with a total value of $234,624.00.
On Wednesday, March 13th, Frank Kavanaugh purchased 6,749 shares of Medalist Diversified REIT stock. The stock was acquired at an average price of $5.75 per share, with a total value of $38,806.75.
On Monday, March 11th, Frank Kavanaugh purchased 20,191 shares of Medalist Diversified REIT stock. The stock was acquired at an average price of $5.57 per share, with a total value of $112,463.87.

Medalist Diversified REIT Stock Performance

Shares of Medalist Diversified REIT stock opened at $5.88 on Friday. The company has a debt-to-equity ratio of 2.86, a quick ratio of 5.21 and a current ratio of 5.21. Medalist Diversified REIT, Inc. has a twelve month low of $4.12 and a twelve month high of $6.13. The business has a 50-day moving average price of $5.65 and a 200 day moving average price of $5.40.

Medalist Diversified REIT Increases Dividend

Want More Great Investing Ideas?

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Monday, April 22nd were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 1.36%. The ex-dividend date was Friday, April 19th. This is a positive change from Medalist Diversified REIT’s previous quarterly dividend of $0.01. Medalist Diversified REIT’s payout ratio is currently -8.70%.

Hedge Funds Weigh In On Medalist Diversified REIT

A hedge fund recently bought a new stake in Medalist Diversified REIT stock. Stilwell Value LLC purchased a new stake in Medalist Diversified REIT, Inc. (NASDAQ:MDRR – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 22,835 shares of the company’s stock, valued at approximately $121,000. Stilwell Value LLC owned approximately 1.03% of Medalist Diversified REIT as of its most recent SEC filing. Institutional investors own 17.40% of the company’s stock.

About Medalist Diversified REIT

(Get Free Report)

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.