MedEquities Realty Trust Inc Announces Quarterly Dividend of $0.21 (NYSE:MRT)

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 annualized dividend and a yield of 7.93%. The ex-dividend date is Thursday, February 15th.

MedEquities Realty Trust (MRT) traded up $0.17 during trading on Thursday, reaching $10.59. The company’s stock had a trading volume of 175,034 shares, compared to its average volume of 155,854. 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 $337.88, a price-to-earnings ratio of 26.40 and a beta of -0.73.

In other news, Director Randy L. Churchey acquired 5,300 shares of the firm’s stock in a transaction on Monday, November 20th. The shares were bought at an average price of $10.87 per share, for a total transaction of $57,611.00. Following the acquisition, the director now owns 46,776 shares of the company’s stock, valued at approximately $508,455.12. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO John W. Mcroberts acquired 18,000 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was purchased at an average price of $10.74 per share, for a total transaction of $193,320.00. The disclosure for this purchase can be found here. Insiders have bought a total of 23,600 shares of company stock worth $254,129 in the last quarter. Insiders own 2.50% of the company’s stock.

A number of brokerages have recently issued reports on MRT. KeyCorp set a $13.00 target price on MedEquities Realty Trust and gave the company a “buy” rating in a research report on Sunday, October 29th. B. Riley reiterated a “buy” rating on shares of MedEquities Realty Trust in a research report on Wednesday, November 1st. Capital One Financial began coverage on MedEquities Realty Trust in a research report on Monday, October 23rd. They set an “equal weight” rating and a $13.00 target price on the stock. Zacks Investment Research upgraded MedEquities Realty Trust from a “sell” rating to a “hold” rating and set a $12.00 target price on the stock in a research report on Wednesday, November 15th. Finally, ValuEngine upgraded MedEquities Realty Trust from a “hold” rating to a “buy” rating in a research 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 company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $13.00.

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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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