MedEquities Realty Trust Inc (MRT) Declares $0.21 Quarterly Dividend

MedEquities Realty Trust Inc (NYSE:MRT) announced a quarterly dividend on Thursday, February 8th, Wall Street Journal reports. Shareholders of record on Monday, February 19th will be given a dividend of 0.21 per share by the financial services provider on Monday, March 5th. This represents a $0.84 dividend on an annualized basis and a yield of 7.93%. The ex-dividend date of this dividend is Thursday, February 15th.

MedEquities Realty Trust (NYSE:MRT) traded down $0.08 during trading hours on Thursday, reaching $10.59. 169,352 shares of the company’s stock were exchanged, compared to its average volume of 153,155. The firm has a market capitalization of $338.84 and a PE ratio of 27.36. MedEquities Realty Trust has a 1-year low of $10.06 and a 1-year high of $13.06.

MedEquities Realty Trust (NYSE:MRT) last posted its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.13). The company had revenue of $15.77 million during the quarter, compared to analyst estimates of $15.49 million. MedEquities Realty Trust had a return on equity of 5.88% and a net margin of 35.61%. equities research analysts expect that MedEquities Realty Trust will post 1.12 earnings per share for the current fiscal year.

A number of equities research analysts have commented on the stock. B. Riley restated a “buy” rating on shares of MedEquities Realty Trust in a report on Wednesday, November 1st. Capital One Financial assumed coverage on shares of MedEquities Realty Trust in a report on Monday, October 23rd. They issued an “equal weight” rating and a $13.00 price target for the company. KeyCorp set a $13.00 price target on shares of MedEquities Realty Trust and gave the stock a “buy” rating in a report on Sunday, October 29th. Zacks Investment Research cut shares of MedEquities Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, ValuEngine upgraded shares of MedEquities Realty Trust from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. MedEquities Realty Trust currently has a consensus rating of “Buy” and an average target price of $13.00.

In other MedEquities Realty Trust news, Director Randy L. Churchey acquired 5,300 shares of MedEquities Realty Trust stock in a transaction dated Monday, November 20th. The stock was purchased at an average cost of $10.87 per share, for a total transaction of $57,611.00. Following the completion of the acquisition, the director now directly owns 46,776 shares of the company’s stock, valued at $508,455.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO John W. Mcroberts acquired 18,000 shares of MedEquities Realty Trust stock in a transaction dated Friday, November 17th. The shares were acquired at an average price of $10.74 per share, with a total value of $193,320.00. The disclosure for this purchase can be found here. Insiders have bought 23,600 shares of company stock valued at $254,129 over the last quarter. Corporate insiders own 2.50% of the company’s stock.

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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.

Dividend History for MedEquities Realty Trust (NYSE:MRT)

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