MedEquities Realty Trust Inc. (NYSE:MRT) issued its quarterly earnings results on Tuesday, August 8th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by $0.01, Bloomberg Earnings reports. The firm had revenue of $14.83 million for the quarter, compared to analyst estimates of $14.72 million. MedEquities Realty Trust had a net margin of 32.68% and a return on equity of 5.58%.
Shares of MedEquities Realty Trust (MRT) opened at 11.38 on Friday. The company has a 50-day moving average price of $12.11 and a 200-day moving average price of $11.72. The company 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.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Wednesday, August 16th will be issued a $0.21 dividend. The ex-dividend date is Monday, August 14th. This represents a $0.84 dividend on an annualized basis and a yield of 7.38%. MedEquities Realty Trust’s dividend payout ratio is presently 240.00%.
Separately, Zacks Investment Research downgraded MedEquities Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, May 3rd. One equities 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’s stock. The company has a consensus rating of “Buy” and a consensus 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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