MedEquities Realty Trust Inc (NYSE:MRT) has earned an average rating of “Buy” from the seven analysts that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $12.50.
A number of equities analysts have recently issued reports on MRT shares. Zacks Investment Research cut MedEquities Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. ValuEngine upgraded MedEquities Realty Trust from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Citigroup cut their price objective on MedEquities Realty Trust from $12.00 to $10.00 and set a “neutral” rating for the company in a report on Thursday, March 1st. B. Riley set a $13.00 price objective on MedEquities Realty Trust and gave the stock a “buy” rating in a report on Thursday, February 22nd. Finally, Cantor Fitzgerald reiterated a “buy” rating and issued a $14.00 price objective on shares of MedEquities Realty Trust in a report on Wednesday, February 21st.
MRT stock traded down $0.07 during trading on Wednesday, reaching $10.09. The company had a trading volume of 134,575 shares, compared to its average volume of 159,186. MedEquities Realty Trust has a twelve month low of $9.67 and a twelve month high of $13.06. The stock has a market capitalization of $323.97, a PE ratio of 15.77 and a beta of 0.21.
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 5th. Stockholders of record on Monday, February 19th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 8.33%. The ex-dividend date of this dividend was Thursday, February 15th. MedEquities Realty Trust’s payout ratio is currently 131.25%.
A number of hedge funds have recently modified their holdings of the stock. Parametric Portfolio Associates LLC boosted its holdings in MedEquities Realty Trust by 4.4% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 40,531 shares of the financial services provider’s stock valued at $512,000 after acquiring an additional 1,704 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in MedEquities Realty Trust by 29.7% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 26,829 shares of the financial services provider’s stock valued at $315,000 after acquiring an additional 6,143 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in MedEquities Realty Trust by 42.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 26,586 shares of the financial services provider’s stock valued at $335,000 after acquiring an additional 7,923 shares during the period. LSV Asset Management purchased a new stake in MedEquities Realty Trust during the 4th quarter valued at about $103,000. Finally, JPMorgan Chase & Co. purchased a new stake in MedEquities Realty Trust during the 3rd quarter valued at about $118,000. Institutional investors own 92.76% of the company’s stock.
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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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