MedEquities Realty Trust Inc (MRT) Expected to Post Earnings of $0.31 Per Share

Equities analysts expect MedEquities Realty Trust Inc (NYSE:MRT) to announce earnings of $0.31 per share for the current quarter, according to Zacks. Three analysts have made estimates for MedEquities Realty Trust’s earnings, with the highest EPS estimate coming in at $0.31 and the lowest estimate coming in at $0.30. MedEquities Realty Trust posted earnings of $0.29 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 6.9%. The business is scheduled to report its next quarterly earnings report on Tuesday, November 6th.

On average, analysts expect that MedEquities Realty Trust will report full year earnings of $1.19 per share for the current financial year, with EPS estimates ranging from $1.14 to $1.23. For the next fiscal year, analysts expect that the firm will post earnings of $1.20 per share, with EPS estimates ranging from $1.15 to $1.25. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for MedEquities Realty Trust.

MedEquities Realty Trust (NYSE:MRT) last issued its earnings results on Wednesday, August 8th. The financial services provider reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.20). The company had revenue of $17.56 million for the quarter, compared to analysts’ expectations of $17.03 million. MedEquities Realty Trust had a net margin of 30.84% and a return on equity of 5.73%.

A number of analysts have recently issued reports on MRT shares. B. Riley set a $12.00 target price on shares of MedEquities Realty Trust and gave the company a “buy” rating in a research note on Thursday, August 9th. Zacks Investment Research raised shares of MedEquities Realty Trust from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research note on Wednesday, July 25th. ValuEngine raised shares of MedEquities Realty Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, July 10th. Royal Bank of Canada set a $10.00 price objective on shares of MedEquities Realty Trust and gave the stock a “hold” rating in a research note on Sunday, August 12th. Finally, KeyCorp lowered shares of MedEquities Realty Trust from an “overweight” rating to a “hold” rating and set a $12.00 price objective for the company. in a research note on Wednesday, August 8th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. MedEquities Realty Trust currently has a consensus rating of “Hold” and a consensus price target of $11.56.

Shares of MRT traded down $0.22 during trading hours on Friday, reaching $8.74. 2,439 shares of the company traded hands, compared to its average volume of 153,085. The firm has a market capitalization of $309.70 million, a P/E ratio of 7.86 and a beta of -0.07. MedEquities Realty Trust has a 12-month low of $8.63 and a 12-month high of $12.04.

In related news, Director Bluemountain Capital Managemen sold 21,289 shares of the company’s stock in a transaction dated Monday, October 15th. The shares were sold at an average price of $8.80, for a total value of $187,343.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders sold 66,112 shares of company stock valued at $594,325. 3.00% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in the business. American Century Companies Inc. raised its holdings in MedEquities Realty Trust by 3.2% in the second quarter. American Century Companies Inc. now owns 2,171,911 shares of the financial services provider’s stock worth $23,934,000 after purchasing an additional 66,695 shares in the last quarter. BlackRock Inc. raised its holdings in MedEquities Realty Trust by 5.5% in the second quarter. BlackRock Inc. now owns 1,499,494 shares of the financial services provider’s stock worth $16,526,000 after purchasing an additional 77,884 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in MedEquities Realty Trust by 10.8% in the first quarter. Russell Investments Group Ltd. now owns 1,165,213 shares of the financial services provider’s stock worth $12,246,000 after purchasing an additional 113,799 shares in the last quarter. Renaissance Technologies LLC raised its holdings in MedEquities Realty Trust by 36.0% in the second quarter. Renaissance Technologies LLC now owns 839,800 shares of the financial services provider’s stock worth $9,255,000 after purchasing an additional 222,500 shares in the last quarter. Finally, Eagle Boston Investment Management Inc. raised its holdings in MedEquities Realty Trust by 4.5% in the second quarter. Eagle Boston Investment Management Inc. now owns 782,861 shares of the financial services provider’s stock worth $8,627,000 after purchasing an additional 33,834 shares in the last quarter. Institutional investors and hedge funds own 90.80% 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.

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Earnings History and Estimates for MedEquities Realty Trust (NYSE:MRT)

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