MedEquities Realty Trust (NYSE:MRT) issued its quarterly earnings data on Friday. The financial services provider reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.35), Fidelity Earnings reports. MedEquities Realty Trust had a net margin of 30.84% and a return on equity of 5.73%. The company had revenue of $9.68 million for the quarter, compared to analysts’ expectations of $17.72 million. MedEquities Realty Trust updated its FY 2018 guidance to $1.00-1.02 EPS.

Shares of MRT traded up $0.11 during mid-day trading on Friday, reaching $8.73. 170,034 shares of the company’s stock traded hands, compared to its average volume of 126,070. The stock has a market cap of $271.79 million, a price-to-earnings ratio of 7.66 and a beta of 0.65. MedEquities Realty Trust has a 12 month low of $8.25 and a 12 month high of $12.00.

A number of equities research analysts have issued reports on the company. Zacks Investment Research upgraded MedEquities Realty Trust from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research report on Wednesday, July 25th. ValuEngine upgraded MedEquities Realty Trust from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 29th. KeyCorp downgraded MedEquities Realty Trust from an “overweight” rating to a “hold” rating and set a $12.00 price objective on the stock. in a research report on Wednesday, August 8th. Canaccord Genuity decreased their price objective on MedEquities Realty Trust from $13.00 to $12.00 and set an “overweight” rating on the stock in a research report on Thursday, August 9th. Finally, B. Riley set a $12.00 price objective on MedEquities Realty Trust and gave the company a “buy” rating in a research report on Thursday, August 9th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $11.25.

In other news, Director Bluemountain Capital Managemen sold 18,052 shares of the company’s stock in a transaction that occurred on Monday, October 8th. The stock was sold at an average price of $9.20, for a total transaction of $166,078.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last ninety days, insiders have sold 233,564 shares of company stock worth $2,026,401. Insiders own 2.50% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Los Angeles Capital Management & Equity Research Inc. bought a new position in MedEquities Realty Trust in the second quarter worth approximately $131,000. People s United Financial Inc. bought a new position in MedEquities Realty Trust in the second quarter worth approximately $158,000. Bank of Montreal Can bought a new position in MedEquities Realty Trust in the second quarter worth approximately $160,000. California Public Employees Retirement System bought a new position in MedEquities Realty Trust in the second quarter worth approximately $171,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in MedEquities Realty Trust in the second quarter worth approximately $198,000. 91.02% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: “MedEquities Realty Trust (MRT) Issues Earnings Results” was first posted by Daily Political and is the sole property of of Daily Political. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The legal version of this article can be viewed at https://www.dailypolitical.com/2018/11/10/medequities-realty-trust-mrt-issues-earnings-results.html.

About MedEquities Realty Trust

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.

Read More: Fundamental Analysis and Choosing Stocks

Earnings History for MedEquities Realty Trust (NYSE:MRT)

Receive News & Ratings for MedEquities Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MedEquities Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.