Medalist Diversified REIT Inc. (NASDAQ: MDRR) is -19.72% lower on its value in year-to-date trading and has touched a low of $1.03 and a high of $6.13 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MDRR stock was last observed hovering at around $1.88 in the last trading session, with the day’s loss setting it -0.13% off its average median price target of $3.50 for the next 12 months. It is also 50.0% off the consensus price target high of $3.50 offered by 1 analysts, but current levels are 50.0% higher than the price target low of $3.50 for the same period.
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Currently trading at $1.75, the stock is -18.53% and -23.41% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.52 million and changing -6.91% at the moment leaves the stock -11.42% off its SMA200. MDRR registered 21.53% gain for a year compared to 6-month gain of 52.17%. The firm has a 50-day simple moving average (SMA 50) of $2.1585 and a 200-day simple moving average (SMA200) of $2.1362.
The stock witnessed a -14.63% loss in the last 1 month and extending the period to 3 months gives it a -25.21%, and is -13.79% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 8.46% over the week and 10.71% over the month.
Profit margin for the company is -88.20%. Distance from 52-week low is 69.90% and -71.45% from its 52-week high.
Medalist Diversified REIT Inc. (MDRR) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Medalist Diversified REIT Inc. (MDRR) is a “Buy”. 1 analysts offering their recommendations for the stock have an average rating of 2.00, where 0 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Medalist Diversified REIT Inc. is expected to release its quarterly report on 09/01/2021 and quarterly earnings per share for the current quarter are estimated at -$0.11 with sales reaching $3.03M over the same period.The EPS is expected to shrink by -112.10% this year, but quarterly earnings will post 31.30% year-over-year. Quarterly sales are estimated to grow 20.10% in year-over-year returns.
Medalist Diversified REIT Inc. (MDRR) Top Institutional Holders
12 institutions hold shares in Medalist Diversified REIT Inc. (MDRR), with 1.39M shares held by insiders accounting for 21.77% while institutional investors hold 3.27% of the company’s shares. The shares outstanding are 4.79M, and float is at 3.29M with Short Float at 1.87%. Institutions hold 2.56% of the Float.
The top institutional shareholder in the company is Northwestern Mutual Wealth Management Company with over 43983.0 shares valued at $95882.0. The investor’s holdings represent 0.61% of the MDRR Shares outstanding. As of Dec 30, 2020, the second largest holder is Virtu Financial LLC with 38135.0 shares valued at $83134.0 to account for 0.53% of the shares outstanding. The other top investors are Renaissance Technologies, LLC which holds 24972.0 shares representing 0.35% and valued at over $54438.0, while Kanawha Capital Management, Inc. holds 0.27% of the shares totaling 19618.0 with a market value of $42767.0.
Medalist Diversified REIT Inc. (MDRR) Insider Activity
A total of 8 insider transactions have happened at Medalist Diversified REIT Inc. (MDRR) in the last six months, with sales accounting for 0 and purchases happening 8 times. The most recent transaction is an insider purchase by Winn Charles Brent Jr. ,the company’sChief Financial Officer. SEC filings show that Winn Charles Brent Jr. bought 2,000 shares of the company’s common stock on Mar 19 at a price of $2.26 per share for a total of $4520.0. Following the purchase, the insider now owns 38587.0 shares.
Medalist Diversified REIT Inc. disclosed in a document filed with the SEC on Mar 16 that Winn Charles Brent Jr. (Chief Financial Officer) bought a total of 2,000 shares of the company’s common stock. The trade occurred on Mar 16 and was made at $2.19 per share for $4378.0. Following the transaction, the insider now directly holds 36587.0 shares of the MDRR stock.
Still, SEC filings show that on Nov 19, Winn Charles Brent Jr. (Chief Financial Officer) acquired 916 shares at an average price of $2.20 for $2015.0. The insider now directly holds 34,587 shares of Medalist Diversified REIT Inc. (MDRR).