MedEquities Realty Trust (NYSE:MRT) will be posting its quarterly earnings results before the market opens on Wednesday, February 21st. Analysts expect MedEquities Realty Trust to post earnings of $0.31 per share for the quarter.
MedEquities Realty Trust (NYSE MRT) opened at $10.64 on Wednesday. MedEquities Realty Trust has a 1-year low of $10.06 and a 1-year high of $13.06. The stock has a market cap of $343.60, a P/E ratio of 26.60 and a beta of -0.73.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 5th. Stockholders of record on Monday, February 19th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $0.84 annualized dividend and a dividend yield of 7.89%. MedEquities Realty Trust’s payout ratio is 210.01%.
Several equities analysts have recently issued reports on the stock. KeyCorp set a $13.00 target price on shares of MedEquities Realty Trust and gave the company a “buy” rating in a report on Sunday, October 29th. B. Riley reiterated a “buy” rating on shares of MedEquities Realty Trust in a report on Wednesday, November 1st. Capital One Financial initiated coverage on shares of MedEquities Realty Trust in a report on Monday, October 23rd. They set an “equal weight” rating and a $13.00 target price for the company. Zacks Investment Research raised shares of MedEquities Realty Trust from a “sell” rating to a “hold” rating and set a $12.00 price target for the company in a research report on Wednesday, November 15th. Finally, ValuEngine raised shares of MedEquities Realty Trust from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Two investment analysts have rated the stock with 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 target price of $13.00.
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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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