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Monday, October 19, 2020

The Rejuvenation of Medalist Diversified REIT Inc. (NASDAQ:MDRR)

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Medalist Diversified REIT Inc. (MDRR) shares are trading at higher $2.88 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $3.50.

To add more color to this target, the company’s high over the last year is $6.13 and the low is $1.03. Over the last 52 weeks, MDRR is down -29.58% while the S&P 500 is up 16.45%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, MDRR reported a profit of $-0.77 million. Medalist Diversified REIT Inc. also saw revenues decrease to $1.74 million. In addition, MDRR has free cash flow of -$1.12 million as of 06-2020. The company’s EBITDA came in at $0.31 million which compares well with its peers.

MDRR booked profit margins of -49.20%, its Return on Equity (ROE) is -26.40%, and its Return on Assets is -5.60%. All told, it is clear that, MDRR needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. MDRR has a short ratio of 0.00 and outstanding shares of 4.75M.

Company Outlook

MDRR has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 17.29 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.99. Investors should also keep an eye on sector updates as MDRR has historically followed its peers on positive news.

All told, Medalist Diversified REIT Inc. MDRR has strung together solid data and demonstrated underlying fundamentals. At its current valuation, MDRR represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Medalist Diversified REIT Inc. MDRR is now commanding a market cap of 13.19M and a float of 3.20M. MDRR is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of MDRR stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in MDRR, either long or short, and we have not been compensated for this article.

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