Wall Street brokerages predict that MedEquities Realty Trust Inc (NYSE:MRT) will post earnings per share (EPS) of $0.30 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for MedEquities Realty Trust’s earnings, with estimates ranging from $0.29 to $0.33. MedEquities Realty Trust reported earnings of $0.31 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 3.2%. The firm is scheduled to announce its next earnings report on Friday, November 9th.
On average, analysts expect that MedEquities Realty Trust will report full year earnings of $1.19 per share for the current year, with EPS estimates ranging from $1.14 to $1.23. For the next financial year, analysts forecast that the company will report earnings of $1.20 per share, with EPS estimates ranging from $1.15 to $1.25. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that that provide coverage for MedEquities Realty Trust.
MedEquities Realty Trust (NYSE:MRT) last announced 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). MedEquities Realty Trust had a net margin of 30.84% and a return on equity of 5.73%. The business had revenue of $17.56 million during the quarter, compared to analyst estimates of $17.03 million.
In related news, Director Bluemountain Capital Managemen sold 3,955 shares of the company’s stock in a transaction that occurred on Friday, October 5th. The stock was sold at an average price of $9.13, for a total transaction of $36,109.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last three months, insiders have sold 233,564 shares of company stock worth $2,026,401. Corporate insiders own 2.50% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in MedEquities Realty Trust in the second quarter worth $131,000. People s United Financial Inc. acquired a new stake in MedEquities Realty Trust in the second quarter worth $158,000. Bank of Montreal Can acquired a new stake in MedEquities Realty Trust in the second quarter worth $160,000. California Public Employees Retirement System acquired a new stake in MedEquities Realty Trust in the second quarter worth $171,000. Finally, Barclays PLC increased its position in MedEquities Realty Trust by 252.2% in the first 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. 91.02% of the stock is currently owned by hedge funds and other institutional investors.
Shares of MRT opened at $8.73 on Wednesday. MedEquities Realty Trust has a 52-week low of $8.25 and a 52-week high of $12.00. The company has a market capitalization of $271.79 million, a price-to-earnings ratio of 7.11 and a beta of 0.65.
MedEquities Realty Trust Company Profile
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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