MedEquities Realty Trust (NYSE:MRT) released its quarterly earnings results on Wednesday. The financial services provider reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.13), Briefing.com reports. The business had revenue of $16.23 million for the quarter, compared to the consensus estimate of $16.31 million. MedEquities Realty Trust had a net margin of 35.61% and a return on equity of 5.88%. The business’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period last year, the firm posted ($0.06) EPS. MedEquities Realty Trust updated its FY18 guidance to $0.63 EPS.
Shares of MedEquities Realty Trust (NYSE:MRT) traded down $0.15 during trading hours on Thursday, reaching $10.51. The company had a trading volume of 199,067 shares, compared to its average volume of 159,071. MedEquities Realty Trust has a 1 year low of $10.06 and a 1 year high of $13.06. The company has a market capitalization of $341.38, a PE ratio of 26.65 and a beta of -0.73.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 5th. Investors of record on Monday, February 19th will be issued a dividend of $0.21 per share. The ex-dividend date is Thursday, February 15th. This represents a $0.84 annualized dividend and a yield of 7.99%. MedEquities Realty Trust’s payout ratio is 210.01%.
A number of large investors have recently made changes to their positions in MRT. American Century Companies Inc. raised its holdings in MedEquities Realty Trust by 22.3% during the fourth quarter. American Century Companies Inc. now owns 2,111,333 shares of the financial services provider’s stock worth $23,689,000 after purchasing an additional 385,125 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in MedEquities Realty Trust by 69.2% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 776,946 shares of the financial services provider’s stock worth $8,718,000 after purchasing an additional 317,829 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in MedEquities Realty Trust by 192.4% during the fourth quarter. Bank of New York Mellon Corp now owns 343,285 shares of the financial services provider’s stock worth $3,851,000 after purchasing an additional 225,882 shares in the last quarter. TIAA CREF Investment Management LLC raised its holdings in MedEquities Realty Trust by 121.9% during the fourth quarter. TIAA CREF Investment Management LLC now owns 363,130 shares of the financial services provider’s stock worth $4,074,000 after purchasing an additional 199,462 shares in the last quarter. Finally, State Street Corp grew its position in MedEquities Realty Trust by 41.7% in the second quarter. State Street Corp now owns 529,702 shares of the financial services provider’s stock worth $6,684,000 after buying an additional 155,934 shares during the last quarter. 90.57% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have recently weighed in on MRT shares. ValuEngine raised MedEquities Realty Trust from a “hold” rating to a “buy” rating in a report on Friday, December 1st. B. Riley reaffirmed a “buy” rating on shares of MedEquities Realty Trust in a report on Wednesday, November 8th. Zacks Investment Research raised MedEquities Realty Trust from a “sell” rating to a “hold” rating and set a $12.00 price target on the stock in a report on Wednesday, November 15th. KeyCorp set a $13.00 price target on MedEquities Realty Trust and gave the company a “buy” rating in a report on Sunday, October 29th. Finally, Cantor Fitzgerald reissued a “buy” rating and set a $14.00 target price on shares of MedEquities Realty Trust in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target 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.
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