MedEquities Realty Trust Inc (NYSE:MRT) – Cantor Fitzgerald increased their FY2018 earnings per share estimates for MedEquities Realty Trust in a report released on Wednesday. Cantor Fitzgerald analyst J. France now forecasts that the financial services provider will post earnings of $1.29 per share for the year, up from their prior forecast of $1.25.

Several other brokerages have also weighed in on MRT. B. Riley reissued a “buy” rating on shares of MedEquities Realty Trust in a report on Wednesday, November 1st. Capital One Financial started coverage on MedEquities Realty Trust in a research report on Monday, October 23rd. They set an “equal weight” rating and a $13.00 target price on the stock. KeyCorp set a $13.00 target price on MedEquities Realty Trust and gave the stock a “buy” rating in a research report on Sunday, October 29th. Zacks Investment Research downgraded MedEquities Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, ValuEngine upgraded MedEquities Realty Trust from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. MedEquities Realty Trust has an average rating of “Buy” and a consensus target price of $13.00.

Shares of MedEquities Realty Trust (NYSE MRT) traded down $0.17 during midday trading on Friday, reaching $10.84. The company’s stock had a trading volume of 360,796 shares, compared to its average volume of 300,208. MedEquities Realty Trust has a 1-year low of $10.06 and a 1-year high of $13.06. The company has a market capitalization of $344.23 and a price-to-earnings ratio of 27.79.

In other MedEquities Realty Trust news, Director Randy L. Churchey acquired 5,300 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were bought at an average price of $10.87 per share, for a total transaction of $57,611.00. Following the completion of the transaction, the director now owns 46,776 shares of the company’s stock, valued at approximately $508,455.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO John W. Mcroberts acquired 18,000 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was acquired at an average price of $10.74 per share, for a total transaction of $193,320.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 23,600 shares of company stock worth $254,129. Company insiders own 2.50% of the company’s stock.

Several hedge funds have recently modified their holdings of the stock. Cubist Systematic Strategies LLC purchased a new stake in shares of MedEquities Realty Trust in the third quarter worth $177,000. Jane Street Group LLC purchased a new stake in shares of MedEquities Realty Trust in the third quarter worth $270,000. Asset Management One Co. Ltd. raised its position in shares of MedEquities Realty Trust by 40.8% in the third quarter. Asset Management One Co. Ltd. now owns 62,539 shares of the financial services provider’s stock worth $747,000 after buying an additional 18,111 shares in the last quarter. OxFORD Asset Management LLP raised its position in shares of MedEquities Realty Trust by 39.2% in the third quarter. OxFORD Asset Management LLP now owns 155,785 shares of the financial services provider’s stock worth $1,832,000 after buying an additional 43,904 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of MedEquities Realty Trust by 43.4% in the third quarter. Wells Fargo & Company MN now owns 35,366 shares of the financial services provider’s stock worth $416,000 after buying an additional 10,700 shares in the last quarter. Institutional investors own 93.19% of the company’s stock.

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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.

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

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