MedEquities Realty Trust Inc. (MRT) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS
MedEquities Realty Trust Inc. (NYSE:MRT) posted its quarterly earnings data on Tuesday. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by $0.01, Bloomberg Earnings reports. MedEquities Realty Trust had a net margin of 26.72% and a return on equity of 3.27%.
Shares of MedEquities Realty Trust (NYSE MRT) traded up 0.17% during midday trading on Tuesday, reaching $11.91. The company had a trading volume of 77,807 shares. The company’s 50 day moving average price is $12.37 and its 200 day moving average price is $11.70. MedEquities Realty Trust has a 52-week low of $10.28 and a 52-week high of $13.06. The stock has a market capitalization of $378.43 million and a PE ratio of 458.08.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Wednesday, August 16th will be given a $0.21 dividend. The ex-dividend date is Monday, August 14th. This represents a $0.84 dividend on an annualized basis and a yield of 7.05%.
Separately, Zacks Investment Research downgraded shares of MedEquities Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, May 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. MedEquities Realty Trust currently has a consensus rating of “Buy” and a consensus price target of $12.86.
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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