Medalist Diversified REIT Inc. (NASDAQ:MDRR) shares traded -2.77% lower at $0.87 on Wall Street last session.
In accordance with the data, 1 analysts cover Medalist Diversified REIT Inc. (NASDAQ:MDRR). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $1.25 and a low of $1.25, we find $1.25. Given the previous closing price of $0.90, this indicates a potential upside of 38.89 percent. MDRR stock price is now 16.52% away from the 50-day moving average and 0.73% away from the 200-day moving average. The market capitalization of the company currently stands at $15.70M.
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It has been rated a hold by 0 analysts and a buy by 1. Brokers who have rated the stock have averaged $1.25 as their price target over the next twelve months.
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In other news, Ore Benjamin, Senior Accountant bought 12,823 shares of the company’s stock on Nov 30. The stock was bought for $10,002 at an average price of $0.78. Upon completion of the transaction, the Senior Accountant now directly owns 23,082 shares in the company, valued at $20081.34. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 18, Chief Financial Officer Winn Charles Brent Jr. bought 20,000 shares of the business’s stock. A total of $16,400 was incurred on buying the stock at an average price of $0.82. This leaves the insider owning 395,444 shares of the company worth $0.34 million. A total of 6.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MDRR stock. A new stake in Medalist Diversified REIT Inc. shares was purchased by SARGENT BICKHAM LAGUDIS LLC during the first quarter worth $18,000. In total, there are 19 active investors with 9.80% ownership of the company’s stock.
Medalist Diversified REIT Inc. (NASDAQ: MDRR) opened at $0.8995 on Friday. During the past 12 months, Medalist Diversified REIT Inc. has had a low of $0.61 and a high of $1.16. The fifty day moving average price for MDRR is $0.7523 and a two-hundred day moving average price translates $0.8675 for the stock.
The latest earnings results from Medalist Diversified REIT Inc. (NASDAQ: MDRR) was released for Jun, 2022. According to the REIT – Diversified Company, earnings per share came in at -$0.05, beating analysts’ expectations of -$0.09 by 0.04. This compares to -$0.05 EPS in the same period last year. The net profit margin was -38.60% and return on equity was -21.10% for MDRR. The company reported revenue of $2.84 million for the quarter, compared to $3.04 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.48 percent. For the current quarter, analysts expect MDRR to generate $3.04M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/27/2023. Investors who held shares on 01/24/2023 were paid a $0.01 dividend. On an annualized basis, this represents a $0.04 dividend and a 4.57% percent yield. There was an ex-dividend date of 01/23/2023 for this dividend.
Medalist Diversified REIT Inc.(MDRR) Company Profile
Medalist Diversified REIT Inc. is a Maryland corporation formed on September 28, 2015. Beginning with our taxable year ended December 31, 2017, we believe that we have operated in a manner qualifying us as a real estate investment trust (REIT), and we have elected to be taxed as a REIT for federal income tax purposes. Our company serves as the general partner of Medalist Diversified Holdings, LP which was formed as a Delaware limited partnership on September 29, 2015. Our company was formed to acquire, reposition, renovate, lease and manage income-producing properties, with a primary focus on (i) commercial properties, including flex-industrial and retail properties, (ii) multi-family residential properties and (iii) limited service hotel properties in secondary and tertiary markets in the southeastern part of the United States, with an expected concentration in Virginia, North Carolina, South Carolina, Georgia, Florida and Alabama.
