Zacks: Analysts Expect MedEquities Realty Trust Inc (MRT) Will Announce Quarterly Sales of $16.93 Million

Brokerages forecast that MedEquities Realty Trust Inc (NYSE:MRT) will announce sales of $16.93 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for MedEquities Realty Trust’s earnings. The highest sales estimate is $17.10 million and the lowest is $16.76 million. MedEquities Realty Trust posted sales of $14.83 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 14.2%. The business is scheduled to announce its next quarterly earnings results on Tuesday, August 14th.

On average, analysts expect that MedEquities Realty Trust will report full year sales of $69.09 million for the current year, with estimates ranging from $69.07 million to $69.10 million. For the next year, analysts forecast that the company will post sales of $77.99 million per share, with estimates ranging from $76.40 million to $79.58 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover MedEquities Realty Trust.

MedEquities Realty Trust (NYSE:MRT) last posted its quarterly earnings data on Thursday, May 10th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.14). MedEquities Realty Trust had a net margin of 34.63% and a return on equity of 6.17%. The business had revenue of $16.72 million for the quarter, compared to analysts’ expectations of $16.41 million.

A number of research firms recently issued reports on MRT. ValuEngine cut MedEquities Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. B. Riley set a $13.00 price objective on MedEquities Realty Trust and gave the company a “buy” rating in a report on Thursday, February 22nd. KeyCorp dropped their price objective on MedEquities Realty Trust from $13.00 to $12.00 and set an “overweight” rating for the company in a report on Monday, April 16th. JMP Securities set a $13.00 price objective on MedEquities Realty Trust and gave the company a “buy” rating in a report on Friday, May 11th. Finally, Citigroup dropped 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $12.25.

In other MedEquities Realty Trust news, Director Bluemountain Capital Managemen sold 24,739 shares of the company’s stock in a transaction on Tuesday, May 1st. The stock was sold at an average price of $10.17, for a total value of $251,595.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 363,688 shares of company stock valued at $3,756,271 over the last quarter. Company insiders own 2.50% of the company’s stock.

Several hedge funds have recently modified their holdings of the business. Allianz Asset Management GmbH purchased a new stake in shares of MedEquities Realty Trust in the 1st quarter worth $254,000. Barclays PLC lifted its holdings in shares of MedEquities Realty Trust by 252.2% in the 1st quarter. Barclays PLC now owns 16,016 shares of the financial services provider’s stock worth $168,000 after buying an additional 11,469 shares during the period. Cornercap Investment Counsel Inc. lifted its holdings in shares of MedEquities Realty Trust by 22.3% in the 1st quarter. Cornercap Investment Counsel Inc. now owns 70,605 shares of the financial services provider’s stock worth $742,000 after buying an additional 12,890 shares during the period. Silvercrest Asset Management Group LLC lifted its holdings in shares of MedEquities Realty Trust by 3.7% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 451,590 shares of the financial services provider’s stock worth $4,746,000 after buying an additional 16,100 shares during the period. Finally, UBS Group AG lifted its holdings in shares of MedEquities Realty Trust by 52.3% in the 1st quarter. UBS Group AG now owns 23,234 shares of the financial services provider’s stock worth $244,000 after buying an additional 7,978 shares during the period. Institutional investors and hedge funds own 93.53% of the company’s stock.

MedEquities Realty Trust traded down $0.01, reaching $10.59, during trading hours on Friday, according to Marketbeat. 398,600 shares of the company’s stock traded hands, compared to its average volume of 155,375. MedEquities Realty Trust has a 52-week low of $9.67 and a 52-week high of $13.06. The stock has a market cap of $343.74 million, a P/E ratio of 9.29 and a beta of -0.12.

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 5th. Shareholders of record on Tuesday, May 22nd were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 7.93%. The ex-dividend date was Monday, May 21st. MedEquities Realty Trust’s dividend payout ratio is 73.68%.

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.

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

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

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.

Leave a Reply