RICHMOND, VA—Winn Charles Brent Jr., the Chief Financial Officer of Medalist Diversified REIT, Inc. (NASDAQ:MDRR), recently made a significant purchase of the company's stock. According to a recent filing with the Securities and Exchange Commission, Brent acquired 1,100 shares of common stock on November 15, 2024.
The shares were bought at a weighted average price of $12.269, with the transaction totaling approximately $13,495. This purchase was executed through multiple transactions, with prices ranging from $12.25 to $12.278. Following this acquisition, Brent now directly owns 37,324 shares of Medalist Diversified REIT.
Medalist Diversified REIT, Inc., a real estate investment trust, continues to be monitored by investors, who often pay close attention to insider transactions for insights into the company's prospects.
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MDRR
0. Analysts do not anticipate the company will be profitable this year
MDRR
1. Valuation implies a poor free cash flow yield
MDRR
2. Niche player in the %INDUSTRY% industry
MDRR
3. Liquid assets exceed short term obligations
MDRR
4. Not profitable over the last twelve months
MDRR
5. Price has performed poorly over the last decade
MDRR
6. Trading at a high EBIT valuation multiple
MDRR
7. Price has fallen significantly over the last five years
InvestingPro Data:
Market Cap (Adjusted) -: 16.57M USD
MDRR
P/E Ratio -: -63.47
MDRR
P/E Ratio (Adjusted) LTM2024.Q3 -: 11.5
MDRR
PEG Ratio LTM2024.Q3 -: -0.67
MDRR
Price / Book LTM2024.Q3 -: 1.32
MDRR
Revenue LTM2024.Q3 -: 9.92M USD
MDRR
Revenue Growth LTM2024.Q3 -: -3.87 %
MDRR
Revenue Growth (Quarterly) FY2024.Q3 -: -9.73 %
MDRR
Gross Profit LTM2024.Q3 -: 7.66M USD
MDRR
Gross Profit Margin LTM2024.Q3 -: 77.19 %
MDRR
Operating Income, Adjusted LTM2024.Q3 -: 1.26M USD
MDRR
Operating Income Margin LTM2024.Q3 -: 12.71 %
MDRR
EBIT LTM2024.Q3 -: 1.26M USD
MDRR
EBITDA LTM2024.Q3 -: 5.03M USD
MDRR
EBITDA Growth LTM2024.Q3 -: 14.76 %
MDRR
Basic EPS (Cont. Ops) LTM2024.Q3 -: -0.19 USD
MDRR
Diluted EPS (Cont. Ops) LTM2024.Q3 -: -0.19 USD
MDRR
Return on Assets LTM2024.Q3 -: 0.48 %
MDRR
Dividend Yield Y2024.D323 -: 1.95 %
MDRR
Dividend Growth LTM2024.Q3 -: -62.5 %
MDRR
Ex-Date of Last Dividend Y2024.D323 -: 2024-10-16
MDRR
1 Week Price Total (EPA:TTEF) Return Y2024.D323 -: 0.82 %
MDRR
1 Month Price Total Return Y2024.D323 -: 0.57 %
MDRR
3 Month Price Total Return Y2024.D323 -: 0.9 %
MDRR
6 Month Price Total Return Y2024.D323 -: 12.32 %
MDRR
YTD Price Total Return Y2024.D323 -: 18.87 %
MDRR
1 Year Price Total Return Y2024.D323 -: 20.01 %
MDRR
Price % of 52 Week High -: 81.97 %
MDRR
Price, Previous Close -: 12.3 USD
MDRR
Average Daily Volume (3m) Y2024.D323 -: 0.01M USD
MDRR
Next (LON:NXT) Earnings Date -: 2024-11-18
MDRR
InvestingPro Fair Value -: 12.83 USD
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Article to enrich:
RICHMOND, VA—Winn Charles Brent Jr., the Chief Financial Officer of Medalist Diversified REIT, Inc. (NASDAQ:MDRR), recently made a significant purchase of the company's stock. According to a recent filing with the Securities and Exchange Commission, Brent acquired 1,100 shares of common stock on November 15, 2024.
The shares were bought at a weighted average price of $12.269, with the transaction totaling approximately $13,495. This purchase was executed through multiple transactions, with prices ranging from $12.25 to $12.278. Following this acquisition, Brent now directly owns 37,324 shares of Medalist Diversified REIT.
Medalist Diversified REIT, Inc., a real estate investment trust, continues to be monitored by investors, who often pay close attention to insider transactions for insights into the company's prospects.
In other recent news, Medalist Diversified REIT, Inc. has reported substantial developments. The company's CEO, Francis P. Kavanaugh, has acquired 160,000 units of partnership interest in a private placement sale via the company's operating partnership, Medalist Diversified Holdings, L.P. Each unit, priced at $12.50, can be redeemed for cash or potentially exchanged for shares of the company's common stock subject to stockholder approval.
Additionally, Medalist Diversified REIT has approved a reverse stock split of its outstanding common stock, with the ratio ranging from 1-for-10 to 1-for-100 at the discretion of the Board. This proposal was strongly supported with 842,566 votes in favor.
The company also announced changes to its Board of Directors. A. Lee Finley has been appointed as a Class II director, while directors Timothy O’Brien and Charles S. Pearson (LON:PSON), Jr. have resigned. This resulted in Francis Kavanaugh assuming the role of Chair of the Board.
Moreover, David Lunin was elected as a Class I director for a three-year term, and Cherry Bekaert (EBR:BEKB) LLP was ratified as the company's independent registered public accounting firm for the fiscal year ending December 31, 2024. These are among the recent developments for Medalist Diversified REIT.
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