MedEquities Realty Trust Inc (NYSE:MRT) declared a dividend on Wednesday, January 2nd, Fidelity reports. Shareholders of record on Monday, March 11th will be given a dividend of 0.21 per share by the financial services provider on Wednesday, May 15th. The ex-dividend date of this dividend is Thursday, May 16th.

MedEquities Realty Trust has a payout ratio of 171.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

NYSE MRT traded up $0.06 on Wednesday, hitting $11.19. The stock had a trading volume of 385,200 shares, compared to its average volume of 548,304. MedEquities Realty Trust has a 52-week low of $6.27 and a 52-week high of $11.85. The firm has a market capitalization of $354.39 million, a P/E ratio of 9.85 and a beta of 1.64.

A number of equities research analysts have recently weighed in on the stock. ValuEngine raised shares of MedEquities Realty Trust from a “hold” rating to a “buy” rating in a report on Tuesday, January 29th. TheStreet raised shares of MedEquities Realty Trust from a “d+” rating to a “c-” rating in a report on Wednesday, January 16th. Finally, Zacks Investment Research raised shares of MedEquities Realty Trust from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $10.89.

An institutional investor recently raised its position in MedEquities Realty Trust stock. Geode Capital Management LLC boosted its holdings in shares of MedEquities Realty Trust Inc (NYSE:MRT) by 4.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 342,450 shares of the financial services provider’s stock after purchasing an additional 13,014 shares during the period. Geode Capital Management LLC owned about 1.07% of MedEquities Realty Trust worth $2,341,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 94.48% 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.

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Dividend History for MedEquities Realty Trust (NYSE:MRT)

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