About MedEquities Realty Trust (NYSE:MRT)
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. As of September 30, 2016, the Company's portfolio included 24 healthcare facilities and one healthcare-related debt investment.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Healthcare REITs
- Sub-Industry: N/A
- Symbol: NYSE:MRT
- CUSIP: N/A
- Web: www.medequities.com
- Market Cap: $370.17 million
- Outstanding Shares: 31,755,000
- 50 Day Moving Avg: $11.67
- 200 Day Moving Avg: $11.90
- 52 Week Range: $10.28 - $13.06
Sales & Book Value:
- Trailing P/E Ratio: 35.41
- Foreward P/E Ratio: 9.51
- P/E Growth: 0.00
- Annual Revenue: $56.96 million
- Price / Sales: 6.42
- Book Value: $11.12 per share
- Price / Book: 1.04
- Annual Dividend: $0.84
- Dividend Yield: 7.2%
- EBITDA: $46.67 million
- Net Margins: 32.68%
- Return on Equity: 5.58%
- Return on Assets: 3.52%
- Current Ratio: 2.06%
- Quick Ratio: 2.06%
- Average Volume: 117,442 shs.
- Short Ratio: 2.46
Frequently Asked Questions for MedEquities Realty Trust (NYSE:MRT)
What is MedEquities Realty Trust's stock symbol?
MedEquities Realty Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "MRT."
How often does MedEquities Realty Trust pay dividends? What is the dividend yield for MedEquities Realty Trust?
MedEquities Realty Trust announced a quarterly dividend on Thursday, August 3rd. Shareholders of record on Wednesday, August 16th will be given a dividend of $0.21 per share on Wednesday, August 30th. This represents a $0.84 dividend on an annualized basis and a yield of 7.30%. The ex-dividend date is Monday, August 14th. View MedEquities Realty Trust's Dividend History.
When will MedEquities Realty Trust make its next earnings announcement?
Where is MedEquities Realty Trust's stock going? Where will MedEquities Realty Trust's stock price be in 2017?
8 brokerages have issued 12-month target prices for MedEquities Realty Trust's stock. Their predictions range from $12.00 to $14.00. On average, they anticipate MedEquities Realty Trust's stock price to reach $13.00 in the next year. View Analyst Ratings for MedEquities Realty Trust.
What are analysts saying about MedEquities Realty Trust stock?
Here are some recent quotes from research analysts about MedEquities Realty Trust stock:
- 1. Cantor Fitzgerald analysts commented, "Post-acute care focus. MRT is focused primarily on skilled nursing, inpatient rehabilitation facilities and long-term acute care hospitals. The company’s focus was developed and is guided by senior management, which, combined, has more than 80 years of experience evaluating, lending to, and investing in, post-acute care services." (8/31/2017)
- 2. According to Zacks Investment Research, "MedEquities Realty Trust, Inc. owns, develops, operates, leases and disposes healthcare properties and portfolios. It operates primarily in Texas, California, Nevada and South Carolina. MedEquities Realty Trust, Inc. is based in Nashville, Tennessee. " (7/19/2017)
Who are some of MedEquities Realty Trust's key competitors?
Some companies that are related to MedEquities Realty Trust include Forestar Group (FOR), Pennsylvania Real Estate Investment Trust (PEI), Ambac Financial Group (AMBC), New Senior Investment Group (SNR), Maiden Holdings (MHLD), World Acceptance Corporation (WRLD), Live Oak Bancshares (LOB), PHH Corp (PHH), New York Mortgage Trust (NYMT), United Insurance Holdings Corp. (UIHC), Bridge Bancorp (BDGE), Park Sterling Corporation (PSTB), Ashford Hospitality Trust (AHT), PJT Partners (PJT), Horizon Bancorp (IN) (HBNC), Camden National Corporation (CAC), CU Bancorp (CA) (CUNB) and TriState Capital Holdings (TSC).
Who are MedEquities Realty Trust's key executives?
MedEquities Realty Trust's management team includes the folowing people:
- John W. McRoberts, Chairman of the Board, Chief Executive Officer
- William C. Harlan, President, Chief Operating Officer, Director
- Jeffery C. Walraven, Chief Financial Officer, Executive Vice President
- Michael Hammill, Senior Vice President - Finance
- David L. Travis, Senior Vice President, Chief Accounting Officer
- Forrest G. Gardner, Senior Vice President - Asset and Investment Management
- Stephen F. Graham, Senior Vice President and Director of Post Acute Acquisition & Development
- Randall L. Churchey CPA, Independent Director
- John N. Foy, Independent Director
- Steven I. Geringer, Independent Director
When did MedEquities Realty Trust IPO?
(MRT) raised $259 million in an initial public offering (IPO) on Thursday, September 29th 2016. The company issued 19,900,000 shares at $12.00-$14.00 per share. FBR, J.P. Morgan, Citigroup, KeyBanc Capital Markets, Raymond James and RBC Capital Markets served as the underwriters for the IPO and JMP Securities, Fifth Third Securities and Capital One Securities were co-managers.
How do I buy MedEquities Realty Trust stock?
Shares of MedEquities Realty Trust can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is MedEquities Realty Trust's stock price today?
MarketBeat Community Rating for MedEquities Realty Trust (NYSE MRT)MarketBeat's community ratings are surveys of what our community members think about MedEquities Realty Trust and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of MedEquities Realty Trust stock can currently be purchased for approximately $11.51.
Consensus Ratings for MedEquities Realty Trust (NYSE:MRT) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating, 1 Hold Rating, 6 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.63)|
|Consensus Price Target: ||$13.00 (12.95% upside)|Consensus Price Target History for MedEquities Realty Trust (NYSE:MRT)
Analysts' Ratings History for MedEquities Realty Trust (NYSE:MRT)
(Data available from 10/18/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|8/31/2017||Cantor Fitzgerald||Initiated Coverage||Overweight||$14.00||Low|
|3/6/2017||Royal Bank Of Canada||Reiterated Rating||Outperform||$13.00||N/A|
|12/16/2016||J P Morgan Chase & Co||Downgrade||Neutral -> Underweight||$12.50 -> $12.00||N/A|
|11/9/2016||FBR & Co||Reiterated Rating||Buy||N/A|
|10/24/2016||Raymond James Financial, Inc.||Initiated Coverage||Outperform||$13.00||N/A|
|10/24/2016||JMP Securities||Initiated Coverage||Outperform||$13.00||N/A|
|10/24/2016||Citigroup Inc.||Initiated Coverage||Neutral||$12.00||N/A|
Earnings History for MedEquities Realty Trust (NYSE:MRT)Earnings History by Quarter for MedEquities Realty Trust (NYSE MRT)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|2/27/2017||Q416||$0.27||($0.06)||$14.00 million||$14.01 million||View||N/A|
Earnings Estimates for MedEquities Realty Trust (NYSE:MRT)
2017 EPS Consensus Estimate: $1.13
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for MedEquities Realty Trust (NYSE:MRT)
|Most Recent Dividend:||8/30/2017|
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||240.00% (Trailing 12 Months of Earnings) |
76.36% (Based on This Year's Estimates)
69.42% (Based on Next Year's Estimates)
Dividend History by Quarter for MedEquities Realty Trust (NYSE MRT)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for MedEquities Realty Trust (NYSE:MRT)
Insider Ownership Percentage: 2.50%Insider Trades by Quarter for MedEquities Realty Trust (NYSE:MRT)
Institutional Ownership Percentage: 92.83%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|10/4/2016||David L Travis||CAO||Buy||2,500||$12.00||$30,000.00|| |
|10/4/2016||Jeffery C Walraven||CFO||Buy||400||$12.00||$4,800.00|| |
|10/4/2016||Randy L Churchey||Director||Buy||15,000||$12.00||$180,000.00|| |
Headline Trends for MedEquities Realty Trust (NYSE:MRT)
Latest Headlines for MedEquities Realty Trust (NYSE:MRT)
MedEquities Realty Trust (MRT) Chart for Wednesday, October, 18, 2017