MedEquities Realty Trust (MRT) Posts Earnings Results, Misses Expectations By $0.13 EPS

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.

ILLEGAL ACTIVITY WARNING: “MedEquities Realty Trust (MRT) Posts Earnings Results, Misses Expectations By $0.13 EPS” was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this article on another domain, it was stolen and reposted in violation of United States and international trademark & copyright legislation. The original version of this article can be accessed at https://www.dispatchtribunal.com/2018/02/22/medequities-realty-trust-mrt-posts-earnings-results-misses-expectations-by-0-13-eps.html.

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.

Earnings History for MedEquities Realty Trust (NYSE:MRT)

Receive News & Ratings for MedEquities Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MedEquities Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply