MedEquities Realty Trust Received its Third Buy in a Row

After KeyBanc and Cantor Fitzgerald gave MedEquities Realty Trust (NYSE: MRT) a Buy rating last month, the company received another Buy, this time from B.Riley FBR. Analyst Bryan Maher maintained a Buy rating on MedEquities Realty Trust today and set a price target of $13. The company’s shares opened today at $10.32.

Maher observed:

“MedEquities Realty Trust (MRT) reported AFFO/share of $0.30, exceeding our $0.29 estimate and in line with the consensus’ estimate. Adjusted EBITDAre were $14.3M, ahead of our $13.4M estimate and consensus’ $13.2M. Relative to our model, the beat appears to have been driven by modestly higher mortgage interest income, combined with a slightly lower share count. The REIT finished the quarter with $605.6M in gross real estate assets, composed of $563.8M invested in 32 healthcare facilities and $41.8M invested in six mortgage notes, collateralized by existing healthcare facilities.”

According to TipRanks.com, Maher is a 2-star analyst with an average return of 1.1% and a 55.3% success rate. Maher covers the Financial sector, focusing on stocks such as Government Properties Income Trust, Senior Housing Properties Trust, and Condor Hospitality Trust Inc.

Currently, the analyst consensus on MedEquities Realty Trust is Strong Buy and the average price target is $12.80, representing a 24.0% upside.

In a report issued on May 10, Cantor Fitzgerald also maintained a Buy rating on the stock with a $13 price target.

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MedEquities Realty Trust’s market cap is currently $333.5M and has a P/E ratio of 15.64. The company has a Price to Book ratio of 0.93.

Based on the recent corporate insider activity of 21 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.