Halbert Hargrove Global Advisors LLC Acquires Shares of 5,000 Medalist Diversified REIT, Inc. (NASDAQ:MDRR)

Halbert Hargrove Global Advisors LLC bought a new position in shares of Medalist Diversified REIT, Inc. (NASDAQ:MDRR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 5,000 shares of the company’s stock, valued at approximately $67,000. Halbert Hargrove Global Advisors LLC owned approximately 0.45% of Medalist Diversified REIT as of its most recent SEC filing.

Separately, EP Wealth Advisors LLC purchased a new stake in shares of Medalist Diversified REIT during the third quarter valued at approximately $545,000. 17.40% of the stock is currently owned by institutional investors.

Medalist Diversified REIT Stock Up 1.3 %

MDRR stock opened at $13.08 on Friday. The stock has a market cap of $14.58 million, a P/E ratio of -59.43 and a beta of 0.72. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 3.05. The stock’s fifty day simple moving average is $12.79 and its two-hundred day simple moving average is $12.50. Medalist Diversified REIT, Inc. has a 1-year low of $10.60 and a 1-year high of $15.00.

Medalist Diversified REIT Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Monday, January 20th were paid a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.99%. This is a boost from Medalist Diversified REIT’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Friday, January 17th. Medalist Diversified REIT’s payout ratio is presently -118.18%.

Insider Transactions at Medalist Diversified REIT

In other news, CFO Charles Brent Jr. Winn bought 6,000 shares of the stock in a transaction on Friday, December 13th. The shares were purchased at an average cost of $12.50 per share, for a total transaction of $75,000.00. Following the completion of the purchase, the chief financial officer now directly owns 44,424 shares in the company, valued at $555,300. This represents a 15.62 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Frank Kavanaugh bought 5,500 shares of the stock in a transaction on Wednesday, December 11th. The stock was purchased at an average price of $12.35 per share, for a total transaction of $67,925.00. Following the completion of the purchase, the chief executive officer now owns 234,000 shares of the company’s stock, valued at approximately $2,889,900. This trade represents a 2.41 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 19,850 shares of company stock worth $247,178 in the last ninety days. Company insiders own 56.10% 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.