MedEquities Realty Trust Inc (MRT) Given Average Rating of “Hold” by Analysts
MedEquities Realty Trust Inc (NYSE:MRT) has received an average rating of “Hold” from the eight brokerages that are currently covering the company. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $12.67.
MRT has been the subject of several recent research reports. Zacks Investment Research upgraded MedEquities Realty Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, March 7th. Royal Bank of Canada reiterated an “outperform” rating and issued a $13.00 price objective on shares of MedEquities Realty Trust in a research report on Monday, March 6th.
Several institutional investors have recently made changes to their positions in MRT. Forward Management LLC acquired a new position in shares of MedEquities Realty Trust during the third quarter worth approximately $5,875,000. Monashee Investment Management LLC acquired a new position in shares of MedEquities Realty Trust during the third quarter worth approximately $881,000. SG Americas Securities LLC acquired a new position in shares of MedEquities Realty Trust during the third quarter worth approximately $238,000. Tamarack Advisers LP acquired a new position in shares of MedEquities Realty Trust during the third quarter worth approximately $1,769,000. Finally, Highbridge Capital Management LLC acquired a new position in shares of MedEquities Realty Trust during the third quarter worth approximately $2,565,000. Institutional investors own 69.99% of the company’s stock.
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Shares of MedEquities Realty Trust (NYSE:MRT) traded up 0.08% during mid-day trading on Tuesday, hitting $11.92. 307,307 shares of the stock traded hands. The stock has a market cap of $378.75 million and a price-to-earnings ratio of 458.46. MedEquities Realty Trust has a 52 week low of $10.28 and a 52 week high of $12.26. The firm’s 50-day moving average is $11.84 and its 200-day moving average is $11.27.
MedEquities Realty Trust (NYSE:MRT) last announced its quarterly earnings data on Monday, February 27th. The financial services provider reported ($0.06) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by $0.33. The business had revenue of $14.01 million during the quarter, compared to analysts’ expectations of $14 million.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 31st. Investors of record on Wednesday, May 17th will be issued a dividend of $0.21 per share. The ex-dividend date is Monday, May 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 7.05%.
About MedEquities Realty Trust
MedEquities Realty Trust, Inc is a real estate investment trust (REIT). The Company invests in a diversified mix of healthcare properties and healthcare-related real estate debt investments. The Company invests primarily in real estate across the acute and post-acute spectrum of care. It focuses on investing in various types of healthcare properties, including acute care hospitals; skilled nursing facilities; short-stay surgical and specialty hospitals, which focus on orthopedic, heart and other dedicated surgeries and specialty procedures; dedicated specialty hospitals, such as inpatient rehabilitation facilities, long-term acute care hospitals and facilities providing psychiatric care; physician clinics; diagnostic facilities; outpatient surgery centers, and facilities that support these services, such as medical office buildings.
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