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Video: What is a Stock Split?
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Medalist Diversified REIT acquires, repositions, renovates, leases and manages properties, with a primary focus on: commercial properties, including flex-industrial, and retail properties; multi-family residential properties; and hotel properties. Co.'s investment properties are: the Shops at Franklin Square located in Gastonia, NC; the Greensboro Hampton Inn located in Greensboro, NC; the Hanover North Shopping Center located in Mechanicsville, VA; the Ashley Plaza Shopping Center located in Goldsboro, NC; the Clemson Best Western University Inn located in Clemson, SC and Brookfield Center a mixed-use industrial/office property located in Greenville, SC. According to our Medalist Diversified REIT stock split history records, Medalist Diversified REIT has had 1 split. | |
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Medalist Diversified REIT (MDRR) has 1 split in our Medalist Diversified REIT stock split history database. The split for MDRR took place on May 04, 2023. This was a 1 for 8 reverse split, meaning for each 8 shares of MDRR owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 125 share position following the split.
When a company such as Medalist Diversified REIT conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the Medalist Diversified REIT stock split history from start to finish, an original position size of 1000 shares would have turned into 125 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Medalist Diversified REIT shares, starting with a $10,000 purchase of MDRR, presented on a split-history-adjusted basis factoring in the complete Medalist Diversified REIT stock split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
11/29/2018 |
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End date: |
04/26/2024 |
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Start price/share: |
$73.60 |
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End price/share: |
$5.59 |
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Starting shares: |
135.87 |
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Ending shares: |
183.53 |
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Dividends reinvested/share: |
$7.67 |
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Total return: |
-89.73% |
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Average Annual Total Return: |
-34.35% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$1,026.99 |
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Years: |
5.41 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
11/29/2018 |
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End date: |
04/26/2024 |
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Start price/share: |
$73.60 |
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End price/share: |
$5.59 |
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Dividends collected/share: |
$7.67 |
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Total return: |
-81.98% |
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Average Annual Total Return: |
-27.16% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$1,801.63 |
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Years: |
5.41 |
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Date |
Ratio |
05/04/2023 | 1 for 8 |
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