MedEquities Realty Trust Inc. (MRT) Plans $0.21 Quarterly Dividend

MedEquities Realty Trust Inc. (NYSE:MRT) declared a quarterly dividend on Thursday, August 3rd, Wall Street Journal reports. Stockholders of record on Wednesday, August 16th will be given a dividend of 0.21 per share by the financial services provider on Wednesday, August 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 7.38%. The ex-dividend date of this dividend is Monday, August 14th.

MedEquities Realty Trust (NYSE:MRT) opened at 11.38 on Friday. The stock has a 50 day moving average price of $12.11 and a 200-day moving average price of $11.72. The stock has a market cap of $361.37 million and a P/E ratio of 34.59. MedEquities Realty Trust has a 12-month low of $10.28 and a 12-month high of $13.06.

Separately, Zacks Investment Research raised MedEquities Realty Trust from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $12.86.

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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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