KeyCorp Reaffirms Buy Rating for MedEquities Realty Trust Inc. (MRT)
KeyCorp restated their buy rating on shares of MedEquities Realty Trust Inc. (NYSE:MRT) in a report issued on Friday morning. They currently have a $13.00 price objective on the financial services provider’s stock.
Separately, Zacks Investment Research downgraded MedEquities Realty Trust from a hold rating to a sell rating in a report on Wednesday, May 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. MedEquities Realty Trust presently has a consensus rating of Buy and a consensus price target of $12.86.
MedEquities Realty Trust (MRT) opened at 11.65 on Friday. The stock’s 50 day moving average price is $11.97 and its 200 day moving average price is $11.74. MedEquities Realty Trust has a 12-month low of $10.28 and a 12-month high of $13.06. The stock has a market cap of $369.95 million and a price-to-earnings ratio of 35.41.
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The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Wednesday, August 16th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Monday, August 14th. This represents a $0.84 dividend on an annualized basis and a yield of 7.21%. MedEquities Realty Trust’s dividend payout ratio (DPR) is currently 240.00%.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Stevens Capital Management LP purchased a new position in shares of MedEquities Realty Trust during the first quarter worth approximately $113,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of MedEquities Realty Trust during the first quarter worth approximately $150,000. UBS Group AG increased its position in shares of 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. Eqis Capital Management Inc. purchased a new position in shares of MedEquities Realty Trust during the second quarter worth approximately $153,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in shares of MedEquities Realty Trust during the second quarter worth approximately $154,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.
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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