MedEquities Realty Trust Inc. (MRT) Receives Average Rating of “Buy” from Analysts
Shares of MedEquities Realty Trust Inc. (NYSE:MRT) have received an average rating of “Buy” from the eight research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $12.67.
Separately, Zacks Investment Research raised shares of MedEquities Realty Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th.
MedEquities Realty Trust (NYSE MRT) traded up 0.17% during mid-day trading on Tuesday, hitting $11.91. 77,807 shares of the stock traded hands. The company has a market cap of $378.43 million and a P/E ratio of 458.08. MedEquities Realty Trust has a 12 month low of $10.28 and a 12 month high of $13.06. The company’s 50 day moving average is $12.37 and its 200 day moving average is $11.70.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Wednesday, August 16th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 7.05%. The ex-dividend date is Monday, August 14th.
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Large investors have recently made changes to their positions in the stock. Stevens Capital Management LP purchased a new stake in shares of MedEquities Realty Trust during the first quarter valued at $113,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of MedEquities Realty Trust during the first quarter valued at $150,000. UBS Group AG increased its stake in shares of MedEquities Realty Trust by 190.0% in the first quarter. UBS Group AG now owns 13,504 shares of the financial services provider’s stock valued at $151,000 after buying an additional 8,847 shares in the last quarter. Eqis Capital Management Inc. purchased a new stake in shares of MedEquities Realty Trust during the second quarter valued at $153,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of MedEquities Realty Trust during the second quarter valued at $175,000. 95.18% of the stock is currently owned by institutional investors and hedge funds.
MedEquities Realty Trust Company Profile
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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