Shares of MedEquities Realty Trust Inc (NYSE:MRT) have earned an average rating of “Hold” from the eight brokerages that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $12.67.
Several analysts have recently commented on the stock. Zacks Investment Research downgraded shares of MedEquities Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, May 3rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $13.00 target price on shares of MedEquities Realty Trust in a report on Monday, March 6th.
MedEquities Realty Trust (NYSE MRT) traded down 0.76% on Tuesday, hitting $11.76. 32,271 shares of the stock traded hands. MedEquities Realty Trust has a 52 week low of $10.28 and a 52 week high of $12.26. The firm has a market capitalization of $373.66 million and a PE ratio of 452.31. The stock has a 50 day moving average of $11.90 and a 200 day moving average of $11.29.
MedEquities Realty Trust (NYSE:MRT) last announced its earnings results on Monday, February 27th. The financial services provider reported ($0.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by $0.33. The firm had revenue of $14.01 million for the quarter, compared to the consensus estimate of $14 million.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 31st. Investors of record on Wednesday, May 17th will be issued a dividend of $0.21 per share. The ex-dividend date is Monday, May 15th. This represents a $0.84 dividend on an annualized basis and a yield of 7.14%.
A number of hedge funds have recently bought and sold shares of the company. Clough Capital Partners L P bought a new stake in MedEquities Realty Trust during the fourth quarter worth about $12,367,000. Morgan Stanley increased its stake in MedEquities Realty Trust by 99.7% in the first quarter. Morgan Stanley now owns 1,902,876 shares of the financial services provider’s stock worth $21,331,000 after buying an additional 949,892 shares during the period. Goldman Sachs Group Inc. increased its stake in MedEquities Realty Trust by 59.0% in the first quarter. Goldman Sachs Group Inc. now owns 2,191,484 shares of the financial services provider’s stock worth $24,567,000 after buying an additional 813,540 shares during the period. Forward Management LLC bought a new stake in MedEquities Realty Trust during the third quarter worth about $5,875,000. Finally, Russell Investments Group Ltd. bought a new stake in MedEquities Realty Trust during the fourth quarter worth about $3,383,000. Institutional investors and hedge funds own 69.99% of the company’s stock.
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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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