Brokerages Anticipate MedEquities Realty Trust Inc (MRT) Will Announce Earnings of $0.23 Per Share

Share on StockTwits

Equities research analysts expect MedEquities Realty Trust Inc (NYSE:MRT) to report earnings per share (EPS) of $0.23 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for MedEquities Realty Trust’s earnings. MedEquities Realty Trust reported earnings of $0.30 per share during the same quarter last year, which would indicate a negative year over year growth rate of 23.3%. The company is scheduled to report its next earnings results on Thursday, May 9th.

According to Zacks, analysts expect that MedEquities Realty Trust will report full-year earnings of $0.92 per share for the current fiscal year. For the next year, analysts anticipate that the firm will post earnings of $0.99 per share. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for MedEquities Realty Trust.

MRT has been the subject of a number of research analyst reports. TheStreet raised shares of MedEquities Realty Trust from a “d+” rating to a “c-” rating in a report on Wednesday, January 16th. JMP Securities lowered shares of MedEquities Realty Trust to a “market perform” rating in a research note on Wednesday, January 2nd. B. Riley reiterated a “neutral” rating and issued a $10.00 price objective (down previously from $10.50) on shares of MedEquities Realty Trust in a research note on Thursday, January 3rd. Raymond James lowered shares of MedEquities Realty Trust to a “market perform” rating in a research note on Friday, January 4th. Finally, JPMorgan Chase & Co. upgraded shares of MedEquities Realty Trust from an “underweight” rating to a “neutral” rating in a research note on Wednesday, January 2nd. Ten equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. MedEquities Realty Trust currently has an average rating of “Hold” and a consensus target price of $10.89.

Shares of NYSE MRT traded up $0.03 during midday trading on Wednesday, reaching $10.69. The company had a trading volume of 128,215 shares, compared to its average volume of 600,998. The stock has a market cap of $341.34 million, a P/E ratio of 9.38 and a beta of 1.72. MedEquities Realty Trust has a 1 year low of $6.27 and a 1 year high of $11.85.

In other news, Director Bluemountain Capital Managemen sold 362,699 shares of the stock in a transaction on Thursday, January 24th. The shares were sold at an average price of $10.94, for a total value of $3,967,927.06. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 713,727 shares of company stock worth $7,913,911 in the last quarter. Company insiders own 3.00% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc grew its position in MedEquities Realty Trust by 7.0% during the third quarter. Vanguard Group Inc now owns 3,151,744 shares of the financial services provider’s stock valued at $30,635,000 after buying an additional 205,635 shares during the period. Vanguard Group Inc. grew its position in MedEquities Realty Trust by 7.0% during the third quarter. Vanguard Group Inc. now owns 3,151,744 shares of the financial services provider’s stock valued at $30,635,000 after buying an additional 205,635 shares during the period. Prudential Financial Inc. grew its position in MedEquities Realty Trust by 41.0% during the fourth quarter. Prudential Financial Inc. now owns 2,603,235 shares of the financial services provider’s stock valued at $17,806,000 after buying an additional 756,318 shares during the period. BlackRock Inc. grew its position in MedEquities Realty Trust by 2.5% during the fourth quarter. BlackRock Inc. now owns 1,764,907 shares of the financial services provider’s stock valued at $12,072,000 after buying an additional 43,398 shares during the period. Finally, Renaissance Technologies LLC grew its position in MedEquities Realty Trust by 21.5% during the third quarter. Renaissance Technologies LLC now owns 1,020,302 shares of the financial services provider’s stock valued at $9,917,000 after buying an additional 180,502 shares during the period. Hedge funds and other institutional investors own 88.20% of the company’s stock.

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.

See Also: What is the return on assets formula?

Get a free copy of the Zacks research report on MedEquities Realty Trust (MRT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.



Latest News

Noble Financial Analysts Give electroCore  a $19.00 Price Target
Noble Financial Analysts Give electroCore a $19.00 Price Target
Zacks Investment Research Downgrades ZIOPHARM Oncology  to Hold
Zacks Investment Research Downgrades ZIOPHARM Oncology to Hold
Analyzing Syntel  & Endava
Analyzing Syntel & Endava
Ross Stores  Set to Announce Quarterly Earnings on Thursday
Ross Stores Set to Announce Quarterly Earnings on Thursday
TD Securities Lowers Turquoise Hill Resources  Price Target to C$4.00
TD Securities Lowers Turquoise Hill Resources Price Target to C$4.00
San Miguel  Rating Lowered to Sell at Zacks Investment Research
San Miguel Rating Lowered to Sell at Zacks Investment Research


© 2006-2019 Ticker Report