Zacks: Medalist Diversified REIT Inc (NASDAQ:MDRR) Given Consensus Recommendation of “Strong Buy” by Brokerages

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Medalist Diversified REIT Inc (NASDAQ:MDRR) has received an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Analysts have set a 1-year consensus price objective of $5.50 for the company and are anticipating that the company will post $0.09 EPS for the current quarter, according to Zacks. Zacks has also assigned Medalist Diversified REIT an industry rank of 101 out of 256 based on the ratings given to related companies.

Separately, Aegis set a $6.00 price objective on Medalist Diversified REIT and gave the stock a “buy” rating in a research report on Friday, August 16th.

Several institutional investors have recently modified their holdings of the stock. Kanawha Capital Management LLC raised its position in shares of Medalist Diversified REIT by 63.6% during the 2nd quarter. Kanawha Capital Management LLC now owns 19,618 shares of the company’s stock worth $86,000 after purchasing an additional 7,627 shares during the last quarter. Colony Group LLC acquired a new position in shares of Medalist Diversified REIT during the 2nd quarter worth approximately $3,856,000. Finally, Moloney Securities Asset Management LLC acquired a new position in shares of Medalist Diversified REIT during the 2nd quarter worth approximately $53,000. Hedge funds and other institutional investors own 20.41% of the company’s stock.

Shares of Medalist Diversified REIT stock traded up $0.15 during trading on Monday, hitting $4.40. 1,100 shares of the company were exchanged, compared to its average volume of 12,785. The company has a current ratio of 8.54, a quick ratio of 8.54 and a debt-to-equity ratio of 1.38. Medalist Diversified REIT has a fifty-two week low of $3.71 and a fifty-two week high of $9.75. The firm has a 50 day moving average price of $4.32 and a 200 day moving average price of $5.67.

About Medalist Diversified REIT

There is no company description available for Medalist Diversified REIT Inc

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