Medalist Diversified REIT, Inc. (NASDAQ:MDRR) CEO Frank Kavanaugh Acquires 2,380 Shares of Stock

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) CEO Frank Kavanaugh purchased 2,380 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were acquired at an average price of $12.15 per share, for a total transaction of $28,917.00. Following the acquisition, the chief executive officer now directly owns 207,583 shares in the company, valued at approximately $2,522,133.45. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, September 5th, Frank Kavanaugh bought 200 shares of Medalist Diversified REIT stock. The shares were acquired at an average cost of $12.20 per share, for a total transaction of $2,440.00.
• On Friday, August 30th, Frank Kavanaugh purchased 5,569 shares of Medalist Diversified REIT stock. The shares were bought at an average price of $12.31 per share, with a total value of $68,554.39.
• On Thursday, August 15th, Frank Kavanaugh acquired 13,961 shares of Medalist Diversified REIT stock. The stock was bought at an average cost of $12.14 per share, for a total transaction of $169,486.54.

Medalist Diversified REIT Stock Up 2.6 %

Shares of Medalist Diversified REIT stock opened at $12.47 on Tuesday. Medalist Diversified REIT, Inc. has a 12-month low of $8.24 and a 12-month high of $14.94. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 2.95. The stock’s 50 day moving average is $12.11. The company has a market capitalization of $13.94 million, a PE ratio of -6.78 and a beta of 0.73.

Medalist Diversified REIT Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, July 26th. Investors of record on Tuesday, July 23rd were issued a dividend of $0.05 per share. The ex-dividend date was Tuesday, July 23rd. Medalist Diversified REIT’s dividend payout ratio is currently -10.87%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Medalist Diversified REIT stock. Renaissance Technologies LLC raised its holdings in shares of Medalist Diversified REIT, Inc. (NASDAQ:MDRR) by 7.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,449 shares of the company’s stock after buying an additional 900 shares during the quarter. Renaissance Technologies LLC owned about 1.11% of Medalist Diversified REIT worth $72,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.