MedEquities Realty Trust Inc. (MRT) Scheduled to Post Quarterly Earnings on Tuesday
MedEquities Realty Trust Inc. (NYSE:MRT) will be announcing its earnings results after the market closes on Tuesday, November 7th. Analysts expect the company to announce earnings of $0.29 per share for the quarter.
Shares of MedEquities Realty Trust Inc. (NYSE MRT) traded up 0.17% during midday trading on Tuesday, hitting $11.53. The company’s stock had a trading volume of 17,734 shares. MedEquities Realty Trust Inc. has a 1-year low of $10.28 and a 1-year high of $13.06. The company has a 50-day moving average price of $11.68 and a 200 day moving average price of $11.90. The company has a market cap of $366.14 million and a P/E ratio of 35.05.
MRT has been the subject of several research analyst reports. Cantor Fitzgerald initiated coverage on MedEquities Realty Trust in a research report on Thursday, August 31st. They issued an “overweight” rating and a $14.00 price objective for the company. KeyCorp reissued a “buy” rating and issued a $13.00 price objective on shares of MedEquities Realty Trust in a research report on Friday, August 25th. Zacks Investment Research raised MedEquities Realty Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, Capital One Financial Corporation reaffirmed an “equal weight” rating on shares of MedEquities Realty Trust in a research report on Sunday, October 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $13.00.
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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