MedEquities Realty Trust (MRT) Scheduled to Post Earnings on Wednesday

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%.

In related news, CEO John W. Mcroberts bought 18,000 shares of the business’s stock in a transaction on Friday, November 17th. The stock was acquired at an average price of $10.74 per share, with a total value of $193,320.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Randy L. Churchey bought 5,300 shares of the business’s stock in a transaction on Monday, November 20th. The stock was bought at an average cost of $10.87 per share, with a total value of $57,611.00. Following the transaction, the director now owns 46,776 shares in the company, valued at approximately $508,455.12. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 23,600 shares of company stock valued at $254,129. 2.50% of the stock is currently owned by insiders.

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.

Earnings History for MedEquities Realty Trust (NYSE:MRT)

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