MedEquities Realty Trust (MRT) to Post FY2018 Earnings of $1.20 Per Share, KeyCorp Forecasts

MedEquities Realty Trust (NYSE:MRT) – Equities research analysts at KeyCorp upped their FY2018 earnings estimates for shares of MedEquities Realty Trust in a research note issued on Monday, April 16th. KeyCorp analyst J. Sadler now expects that the financial services provider will earn $1.20 per share for the year, up from their prior estimate of $1.18. KeyCorp has a “Overweight” rating and a $12.00 price target on the stock.

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MRT has been the subject of a number of other reports. B. Riley set a $13.00 price target on MedEquities Realty Trust and gave the stock a “buy” rating in a report on Thursday, February 22nd. ValuEngine lowered MedEquities Realty Trust from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Cantor Fitzgerald restated a “buy” rating and issued a $14.00 target price on shares of MedEquities Realty Trust in a research note on Wednesday, February 21st. Citigroup cut their target price on MedEquities Realty Trust from $12.00 to $10.00 and set a “neutral” rating for the company in a research note on Thursday, March 1st. Finally, Zacks Investment Research lowered MedEquities Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. MedEquities Realty Trust currently has an average rating of “Hold” and an average target price of $12.33.

Shares of MRT stock opened at $10.16 on Thursday. MedEquities Realty Trust has a 12 month low of $9.67 and a 12 month high of $13.06. The company has a market cap of $325.88, a PE ratio of 8.96 and a beta of -0.21.

MedEquities Realty Trust (NYSE:MRT) last issued its quarterly earnings results on Wednesday, February 21st. The financial services provider reported $0.18 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 analyst estimates of $16.31 million. During the same quarter last year, the firm earned ($0.06) earnings per share. The firm’s quarterly revenue was up 13.8% compared to the same quarter last year.

Several hedge funds and other institutional investors have recently modified their holdings of MRT. American Century Companies Inc. raised its stake in shares of MedEquities Realty Trust by 22.3% in the fourth quarter. American Century Companies Inc. now owns 2,111,333 shares of the financial services provider’s stock valued at $23,689,000 after purchasing an additional 385,125 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of MedEquities Realty Trust by 69.2% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 776,946 shares of the financial services provider’s stock valued at $8,718,000 after purchasing an additional 317,829 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of MedEquities Realty Trust by 192.4% in the fourth quarter. Bank of New York Mellon Corp now owns 343,285 shares of the financial services provider’s stock valued at $3,851,000 after purchasing an additional 225,882 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in shares of MedEquities Realty Trust by 121.9% in the fourth quarter. TIAA CREF Investment Management LLC now owns 363,130 shares of the financial services provider’s stock valued at $4,074,000 after purchasing an additional 199,462 shares in the last quarter. Finally, Two Sigma Investments LP raised its stake in shares of MedEquities Realty Trust by 110.3% in the fourth quarter. Two Sigma Investments LP now owns 253,015 shares of the financial services provider’s stock valued at $2,839,000 after purchasing an additional 132,725 shares in the last quarter. Institutional investors and hedge funds own 92.78% of the company’s stock.

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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.

Earnings History and Estimates for MedEquities Realty Trust (NYSE:MRT)

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