Medalist Diversified REIT Announced That The Board Has Approved The Repurchase Of An Additional 200,000 Shares Of The Company's Common Stock For A Maximum Price Of $6.00/Share
Portfolio Pulse from Benzinga Newsdesk
Medalist Diversified REIT's board has approved the repurchase of an additional 200,000 shares of the company's common stock at a maximum price of $6.00 per share, according to an SEC filing.
October 19, 2023 | 8:36 pm
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The board of Medalist Diversified REIT has approved a stock buyback of 200,000 shares at a maximum price of $6.00 per share. This could potentially increase the stock's price in the short term.
Stock buybacks often lead to an increase in the stock price as they reduce the number of shares in circulation, thereby increasing earnings per share. This could potentially lead to a short-term increase in MDRR's stock price.
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