Shares of MedEquities Realty Trust Inc (NYSE:MRT) have received a consensus rating of “Buy” from the eight brokerages that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $12.80.
A number of analysts have weighed in on the stock. ValuEngine raised shares of MedEquities Realty Trust from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research raised shares of MedEquities Realty Trust from a “sell” rating to a “hold” rating and set a $12.00 target price on the stock in a report on Wednesday, November 15th. B. Riley reaffirmed a “buy” rating on shares of MedEquities Realty Trust in a report on Wednesday, November 8th. KeyCorp set a $13.00 price objective on shares of MedEquities Realty Trust and gave the stock a “buy” rating in a report on Sunday, October 29th. Finally, Capital One Financial reaffirmed an “equal weight” rating on shares of MedEquities Realty Trust in a report on Sunday, October 22nd.
Shares of MedEquities Realty Trust (NYSE:MRT) traded up $0.03 during trading hours on Monday, hitting $11.08. 389,115 shares of the company’s stock were exchanged, compared to its average volume of 156,523. The firm has a market capitalization of $350.90, a PE ratio of 10.05 and a beta of -0.75. MedEquities Realty Trust has a 52 week low of $10.06 and a 52 week high of $13.06.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 29th. Investors of record on Wednesday, November 15th were issued a $0.21 dividend. The ex-dividend date was Tuesday, November 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 7.58%. MedEquities Realty Trust’s dividend payout ratio (DPR) is presently 210.01%.
In other news, CEO John W. Mcroberts acquired 18,000 shares of the company’s stock in a transaction that occurred on 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 acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Randy L. Churchey acquired 5,300 shares of the company’s stock in a transaction that occurred on 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 acquisition, the director now owns 46,776 shares in the company, valued at $508,455.12. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 23,600 shares of company stock worth $254,129. Corporate insiders own 2.50% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. bought a new position in MedEquities Realty Trust in the 3rd quarter valued at about $118,000. Raymond James Financial Services Advisors Inc. bought a new position in MedEquities Realty Trust in the 2nd quarter valued at about $154,000. Acadian Asset Management LLC bought a new position in MedEquities Realty Trust in the 2nd quarter valued at about $175,000. Alliancebernstein L.P. bought a new position in MedEquities Realty Trust in the 2nd quarter valued at about $175,000. Finally, Cubist Systematic Strategies LLC bought a new position in MedEquities Realty Trust in the 3rd quarter valued at about $177,000. 93.19% of the stock is currently owned by institutional investors and hedge funds.
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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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