Analysts expect MedEquities Realty Trust Inc. (NYSE:MRT) to report $0.27 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for MedEquities Realty Trust’s earnings, with estimates ranging from $0.25 to $0.28. The company is scheduled to report its next quarterly earnings report after the market closes on Monday, August 14th.
According to Zacks, analysts expect that MedEquities Realty Trust will report full year earnings of $1.13 per share for the current financial year, with EPS estimates ranging from $1.11 to $1.14. For the next fiscal year, analysts forecast that the business will post earnings of $1.23 per share, with EPS estimates ranging from $1.17 to $1.26. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for MedEquities Realty Trust.
Separately, Zacks Investment Research cut MedEquities Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, May 3rd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. MedEquities Realty Trust has an average rating of “Hold” and a consensus price target of $12.86.
Institutional investors have recently made changes to their positions in the stock. Stevens Capital Management LP purchased a new position in shares of MedEquities Realty Trust during the first quarter worth approximately $113,000. Allianz Asset Management AG bought a new stake in MedEquities Realty Trust during the fourth quarter worth about $125,000. Dynamic Technology Lab Private Ltd bought a new stake in MedEquities Realty Trust during the first quarter worth about $150,000. UBS Group AG raised its stake in MedEquities Realty Trust by 190.0% in the first quarter. UBS Group AG now owns 13,504 shares of the financial services provider’s stock worth $151,000 after buying an additional 8,847 shares during the period. Finally, Hancock Holding Co. bought a new stake in MedEquities Realty Trust during the first quarter worth about $179,000. 95.72% of the stock is owned by institutional investors and hedge funds.
Shares of MedEquities Realty Trust (NYSE:MRT) remained flat at $12.37 during mid-day trading on Friday. 18,304 shares of the company were exchanged. The firm has a market capitalization of $393.04 million and a P/E ratio of 475.77. MedEquities Realty Trust has a 12-month low of $10.28 and a 12-month high of $13.06. The company’s 50 day moving average is $12.09 and its 200 day moving average is $11.50.
About MedEquities Realty Trust
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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