MedEquities Realty Trust (NYSE:MRT) issued an update on its FY 2018 earnings guidance on Friday morning. The company provided earnings per share guidance of $1.00-1.02 for the period.
MRT traded up $0.11 during trading on Friday, hitting $8.73. The stock had a trading volume of 170,074 shares, compared to its average volume of 151,267. The company has a market cap of $270.51 million, a price-to-earnings ratio of 7.66 and a beta of 0.65. MedEquities Realty Trust has a twelve month low of $8.25 and a twelve month high of $12.00.
MedEquities Realty Trust (NYSE:MRT) last announced its earnings results on Wednesday, August 8th. The financial services provider reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.20). The firm had revenue of $17.56 million during the quarter, compared to analyst estimates of $17.03 million. MedEquities Realty Trust had a net margin of 30.84% and a return on equity of 5.73%. As a group, research analysts anticipate that MedEquities Realty Trust will post 1.08 earnings per share for the current fiscal year.
In related news, Director Bluemountain Capital Managemen sold 3,955 shares of the firm’s stock in a transaction on Friday, October 5th. The shares were sold at an average price of $9.13, for a total transaction of $36,109.15. The transaction was disclosed in a document filed with the SEC, which is available at this link. In the last 90 days, insiders have sold 197,781 shares of company stock worth $1,718,667. 2.50% of the stock is owned by company insiders.
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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