Royal Bank of Canada Reiterates Sector Perform Rating for MedEquities Realty Trust (MRT)

Royal Bank of Canada reaffirmed their sector perform rating on shares of MedEquities Realty Trust (NYSE:MRT) in a research report released on Wednesday morning. They currently have a $11.00 price objective on the financial services provider’s stock, down from their prior price objective of $12.00.

MRT has been the subject of a number of other reports. ValuEngine downgraded MedEquities Realty Trust from a hold rating to a sell rating in a research report on Wednesday, May 2nd. B. Riley set a $13.00 price objective on MedEquities Realty Trust and gave the stock a buy rating in a research report on Thursday, February 22nd. KeyCorp lowered their price target on MedEquities Realty Trust from $13.00 to $12.00 and set an overweight rating for the company in a report on Monday, April 16th. JMP Securities set a $13.00 price target on MedEquities Realty Trust and gave the company a buy rating in a report on Friday, May 11th. Finally, Cantor Fitzgerald reaffirmed a buy rating and issued a $14.00 price target on shares of MedEquities Realty Trust in a report on Wednesday, February 21st. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $12.25.

Shares of MedEquities Realty Trust stock opened at $10.32 on Wednesday. MedEquities Realty Trust has a one year low of $9.67 and a one year high of $13.06. The stock has a market cap of $328.43 million, a PE ratio of 9.05 and a beta of -0.18.

MedEquities Realty Trust (NYSE:MRT) last announced its quarterly earnings data on Thursday, May 10th. The financial services provider reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.14). MedEquities Realty Trust had a return on equity of 6.17% and a net margin of 34.63%. The company had revenue of $16.72 million for the quarter, compared to analyst estimates of $16.41 million. research analysts predict that MedEquities Realty Trust will post 1.2 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 5th. Investors of record on Tuesday, May 22nd will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 8.14%. The ex-dividend date is Monday, May 21st. MedEquities Realty Trust’s dividend payout ratio (DPR) is 73.68%.

In related news, Director Bluemountain Capital Managemen sold 24,739 shares of the company’s stock in a transaction that occurred on Tuesday, May 1st. The stock was sold at an average price of $10.17, for a total value of $251,595.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 313,452 shares of company stock valued at $3,239,316 over the last ninety days. 2.50% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in MRT. Wells Fargo & Company MN boosted its holdings in MedEquities Realty Trust by 43.4% in the third quarter. Wells Fargo & Company MN now owns 35,366 shares of the financial services provider’s stock valued at $416,000 after purchasing an additional 10,700 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in MedEquities Realty Trust by 69.2% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 776,946 shares of the financial services provider’s stock valued at $8,718,000 after purchasing an additional 317,829 shares in the last quarter. RMR Advisors LLC acquired a new position in MedEquities Realty Trust in the fourth quarter valued at approximately $393,000. LSV Asset Management acquired a new position in MedEquities Realty Trust in the fourth quarter valued at approximately $103,000. Finally, Victory Capital Management Inc. lifted its stake in MedEquities Realty Trust by 18.0% in the fourth quarter. Victory Capital Management Inc. now owns 142,160 shares of the financial services provider’s stock valued at $1,595,000 after buying an additional 21,700 shares during the last quarter. 93.54% of the stock is owned by hedge funds and other institutional investors.

About MedEquities Realty Trust

MedEquities Realty Trust (NYSE: MRT) is a self-managed and self-administered real estate investment trust that invests in a diversified mix of healthcare properties and healthcare-related real estate debt investments. The Company's management team has extensive industry experience in acquiring, owning, developing, financing, operating, leasing and monetizing many types of healthcare properties and portfolios.

Analyst Recommendations for MedEquities Realty Trust (NYSE:MRT)

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