MedEquities Realty Trust Inc (NYSE:MRT) declared a dividend on Wednesday, January 2nd, Fidelity reports. Investors of record on Monday, March 11th will be paid a dividend of 0.21 per share by the financial services provider on Wednesday, May 15th. The ex-dividend date is Thursday, May 16th.

MedEquities Realty Trust has a payout ratio of 171.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Shares of NYSE MRT traded up $0.06 during mid-day trading on Wednesday, reaching $11.19. The company had a trading volume of 385,200 shares, compared to its average volume of 548,304. MedEquities Realty Trust has a one year low of $6.27 and a one year high of $11.85. The stock has a market capitalization of $354.39 million, a P/E ratio of 9.85 and a beta of 1.64.

A number of research analysts have issued reports on the company. ValuEngine cut MedEquities Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, February 13th. Zacks Investment Research upgraded MedEquities Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 22nd. Finally, TheStreet upgraded MedEquities Realty Trust from a “d+” rating to a “c-” rating in a research report on Wednesday, January 16th. Ten research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. MedEquities Realty Trust presently has an average rating of “Hold” and a consensus price target of $10.89.

An institutional investor recently raised its position in MedEquities Realty Trust stock. Geode Capital Management LLC raised its holdings in MedEquities Realty Trust Inc (NYSE:MRT) by 4.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 342,450 shares of the financial services provider’s stock after acquiring an additional 13,014 shares during the period. Geode Capital Management LLC owned about 1.07% of MedEquities Realty Trust worth $2,341,000 at the end of the most recent quarter. 94.48% of the stock is owned by institutional investors.

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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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Dividend History for MedEquities Realty Trust (NYSE:MRT)

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