Brokerages Anticipate MedEquities Realty Trust Inc. (MRT) Will Announce Quarterly Sales of $15.83 Million
Equities research analysts expect MedEquities Realty Trust Inc. (NYSE:MRT) to report sales of $15.83 million for the current quarter, Zacks reports. Three analysts have issued estimates for MedEquities Realty Trust’s earnings, with estimates ranging from $15.17 million to $16.52 million. MedEquities Realty Trust posted sales of $13.85 million during the same quarter last year, which suggests a positive year-over-year growth rate of 14.3%. The company is scheduled to issue its next earnings report on Tuesday, November 14th.
On average, analysts expect that MedEquities Realty Trust will report full year sales of $15.83 million for the current fiscal year, with estimates ranging from $59.26 million to $62.82 million. For the next year, analysts forecast that the company will post sales of $77.02 million per share, with estimates ranging from $75.66 million to $78.30 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow MedEquities Realty Trust.
Several equities analysts have recently commented on MRT shares. KeyCorp restated a “buy” rating and set a $13.00 price target on shares of MedEquities Realty Trust in a research note on Friday, August 25th. Zacks Investment Research upgraded MedEquities Realty Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, Cantor Fitzgerald started coverage on MedEquities Realty Trust in a research note on Thursday, August 31st. They set an “overweight” rating and a $14.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $13.00.
Shares of MedEquities Realty Trust (MRT) opened at 11.54 on Friday. The company has a 50-day moving average of $11.76 and a 200-day moving average of $11.75. MedEquities Realty Trust has a one year low of $10.28 and a one year high of $13.06. The company has a market capitalization of $366.45 million and a PE ratio of 35.08.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 30th. Investors of record on Wednesday, August 16th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 7.28%. The ex-dividend date of this dividend was Monday, August 14th. MedEquities Realty Trust’s payout ratio is currently 240.00%.
Hedge funds have recently modified their holdings of the stock. Teachers Advisors LLC bought a new stake in MedEquities Realty Trust during the fourth quarter valued at about $257,000. Boston Partners boosted its position in MedEquities Realty Trust by 14.1% during the first quarter. Boston Partners now owns 1,202,018 shares of the financial services provider’s stock valued at $13,475,000 after purchasing an additional 148,757 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in MedEquities Realty Trust by 59.0% during the first quarter. Goldman Sachs Group Inc. now owns 2,191,484 shares of the financial services provider’s stock valued at $24,567,000 after purchasing an additional 813,540 shares in the last quarter. Citadel Advisors LLC bought a new stake in MedEquities Realty Trust during the first quarter valued at about $344,000. Finally, Russell Investments Group Ltd. boosted its position in MedEquities Realty Trust by 46.4% during the first quarter. Russell Investments Group Ltd. now owns 449,441 shares of the financial services provider’s stock valued at $5,039,000 after purchasing an additional 142,421 shares in the last quarter. 92.87% of the stock is currently owned by institutional investors.
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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