MedEquities Realty Trust’s (MRT) Equal Weight Rating Reaffirmed at Capital One Financial Corporation
MedEquities Realty Trust Inc. (NYSE:MRT)‘s stock had its “equal weight” rating reiterated by analysts at Capital One Financial Corporation in a research note issued on Sunday. Capital One Financial Corporation also issued estimates for MedEquities Realty Trust’s Q3 2017 earnings at $0.29 EPS, Q4 2017 earnings at $0.31 EPS, FY2017 earnings at $1.12 EPS, Q1 2018 earnings at $0.30 EPS, Q2 2018 earnings at $0.32 EPS, Q3 2018 earnings at $0.32 EPS, Q4 2018 earnings at $0.32 EPS, FY2018 earnings at $1.26 EPS, Q1 2019 earnings at $0.30 EPS, Q2 2019 earnings at $0.32 EPS, Q3 2019 earnings at $0.32 EPS and FY2019 earnings at $1.28 EPS.
Several other brokerages have also issued reports on MRT. Zacks Investment Research upgraded MedEquities Realty Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. KeyCorp restated a “buy” rating and set a $13.00 price target on shares of MedEquities Realty Trust in a research note on Tuesday, September 26th. Finally, Cantor Fitzgerald began coverage on MedEquities Realty Trust in a research note on Thursday, August 31st. They issued an “overweight” rating and a $14.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. MedEquities Realty Trust presently has an average rating of “Hold” and a consensus target price of $13.00.
MedEquities Realty Trust (NYSE:MRT) opened at 11.57 on Friday. MedEquities Realty Trust has a 12 month low of $10.28 and a 12 month high of $13.06. The firm has a market cap of $367.41 million and a price-to-earnings ratio of 35.17. The stock has a 50 day moving average price of $11.67 and a 200 day moving average price of $11.91.
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Several hedge funds have recently added to or reduced their stakes in MRT. UBS Group AG grew its stake in shares of MedEquities Realty Trust by 190.0% in the 1st quarter. UBS Group AG now owns 13,504 shares of the financial services provider’s stock valued at $151,000 after purchasing an additional 8,847 shares during the period. Eqis Capital Management Inc. bought a new stake in shares of MedEquities Realty Trust in the 2nd quarter valued at approximately $153,000. Raymond James Financial Services Advisors Inc. bought a new stake in shares of MedEquities Realty Trust in the 2nd quarter valued at approximately $154,000. Acadian Asset Management LLC bought a new stake in shares of MedEquities Realty Trust in the 2nd quarter valued at approximately $175,000. Finally, Alliancebernstein L.P. bought a new stake in shares of MedEquities Realty Trust in the 2nd quarter valued at approximately $175,000. Institutional investors own 93.17% of the company’s stock.
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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