MedEquities Realty Trust Inc (NYSE:MRT) announced a quarterly dividend on Thursday, February 8th, Wall Street Journal reports. Investors of record on Monday, February 19th will be paid a dividend of 0.21 per share by the financial services provider on Monday, March 5th. This represents a $0.84 annualized dividend and a dividend yield of 7.76%. The ex-dividend date is Thursday, February 15th.

Shares of MedEquities Realty Trust (NYSE:MRT) opened at $10.82 on Friday. MedEquities Realty Trust has a 12-month low of $10.06 and a 12-month high of $13.06. The company has a market capitalization of $336.30, a P/E ratio of 9.63 and a beta of -0.73.

MedEquities Realty Trust (NYSE:MRT) last issued its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.13). MedEquities Realty Trust had a return on equity of 5.88% and a net margin of 35.61%. The firm had revenue of $15.77 million for the quarter, compared to analysts’ expectations of $15.49 million. analysts expect that MedEquities Realty Trust will post 1.12 EPS for the current fiscal year.

In related news, Director Randy L. Churchey bought 5,300 shares of the company’s stock in a transaction on Monday, November 20th. The stock was bought at an average cost of $10.87 per share, for a total transaction of $57,611.00. Following the acquisition, the director now directly owns 46,776 shares in the company, valued at $508,455.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO John W. Mcroberts bought 18,000 shares of the company’s stock in a transaction on Friday, November 17th. The stock was bought at an average price of $10.74 per share, with a total value of $193,320.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 23,600 shares of company stock valued at $254,129. 2.50% of the stock is owned by company insiders.

MRT has been the subject of several research reports. ValuEngine upgraded MedEquities Realty Trust from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research upgraded MedEquities Realty Trust from a “sell” rating to a “hold” rating and set a $12.00 price target for the company in a research report on Wednesday, November 15th. B. Riley reiterated a “buy” rating on shares of MedEquities Realty Trust in a research report on Wednesday, November 8th. KeyCorp set a $13.00 price target on MedEquities Realty Trust and gave the stock a “buy” rating in a research report on Sunday, October 29th. Finally, Capital One Financial initiated coverage on MedEquities Realty Trust in a report on Monday, October 23rd. They issued an “equal weight” rating and a $13.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. MedEquities Realty Trust presently has a consensus rating of “Buy” and a consensus target price of $13.00.

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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.

Dividend History for MedEquities Realty Trust (NYSE:MRT)

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