Schwab Charles Investment Management Inc. increased its position in shares of MedEquities Realty Trust Inc (NYSE:MRT) by 69.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 776,946 shares of the financial services provider’s stock after acquiring an additional 317,829 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 2.45% of MedEquities Realty Trust worth $8,718,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in MRT. JPMorgan Chase & Co. purchased a new stake in MedEquities Realty Trust during the 3rd quarter worth $118,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of MedEquities Realty Trust during the second quarter valued at approximately $154,000. Alliancebernstein L.P. acquired a new stake in shares of MedEquities Realty Trust during the second quarter valued at approximately $175,000. Cubist Systematic Strategies LLC acquired a new position in MedEquities Realty Trust in the 3rd quarter valued at approximately $177,000. Finally, Stevens Capital Management LP bought a new stake in MedEquities Realty Trust in the third quarter worth approximately $221,000. Hedge funds and other institutional investors own 92.97% of the company’s stock.
Shares of MedEquities Realty Trust Inc (NYSE:MRT) traded down $0.11 during trading on Wednesday, hitting $10.40. 138,432 shares of the stock were exchanged, compared to its average volume of 164,730. MedEquities Realty Trust Inc has a 52 week low of $9.67 and a 52 week high of $13.06. The company has a market capitalization of $331.94, a PE ratio of 16.52 and a beta of 0.21.
MedEquities Realty Trust (NYSE:MRT) last posted its quarterly earnings results on Wednesday, February 21st. The financial services provider reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.13). MedEquities Realty Trust had a return on equity of 5.99% and a net margin of 34.96%. The business had revenue of $16.23 million for the quarter, compared to the consensus estimate of $16.31 million. During the same quarter in the previous year, the company posted ($0.06) earnings per share. MedEquities Realty Trust’s quarterly revenue was up 13.8% on a year-over-year basis. analysts expect that MedEquities Realty Trust Inc will post 1.21 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, March 5th. Shareholders of record on Monday, February 19th were paid a $0.21 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.84 annualized dividend and a yield of 8.08%. MedEquities Realty Trust’s dividend payout ratio is currently 131.25%.
MRT has been the subject of several recent analyst reports. ValuEngine raised shares of MedEquities Realty Trust from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Cantor Fitzgerald reiterated a “buy” rating and set a $14.00 target price on shares of MedEquities Realty Trust in a research report on Wednesday, February 21st. Zacks Investment Research raised shares of MedEquities Realty Trust from a “sell” rating to a “hold” rating and set a $12.00 price objective on the stock in a research note on Wednesday, November 15th. Citigroup dropped their target price on shares of MedEquities Realty Trust from $12.00 to $10.00 and set a “neutral” rating on the stock in a report on Thursday, March 1st. Finally, B. Riley set a $13.00 target price on shares of MedEquities Realty Trust and gave the stock a “buy” rating in a report on Thursday, February 22nd. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $12.50.
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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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