Cantor Fitzgerald analyst Joseph France maintained a Hold rating on MedEquities Realty Trust (MRT) today and set a price target of $10. The company’s shares closed yesterday at $8.73, close to its 52-week low of $8.25.
“We rate MRT $10 price target. We like the company’s focus on post- acute care, particularly skilled nursing, inpatient rehabilitation facilities and long- term acute care hospitals, but we are concerned about its concentration of operators. OnPointe, which accounts for 23% of rent, has been a challenge, and the company has cut its 2018 outlook primarily to reflect the transition of its portfolio. Valuation Summary We derive our 12-month price target of $10 using a blend of our market-based comparable-company analysis and five-year discounted cash-flow model.”
According to TipRanks.com, France is a 5-star analyst with an average return of 10.6% and a 60.8% success rate. France covers the Services sector, focusing on stocks such as Cross Country Healthcare, Addus Homecare Corp, and US Physical Therapy.
Currently, the analyst consensus on MedEquities Realty Trust is a Hold with an average price target of $10.33.
Based on MedEquities Realty Trust’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $3.16 million. In comparison, last year the company had a net profit of $5.27 million.
Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock.
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MedEquities Realty Trust, Inc. operates as a real estate investment trust. It focuses on investment in healthcare properties and healthcare related real estate debt investments. It owns, develops, operates, leases, and disposes healthcare properties and portfolios. The company was founded in April 23, 2014 and is headquartered in Nashville, TN.