Zacks Investment Research Downgrades MedEquities Realty Trust (MRT) to Hold

MedEquities Realty Trust (NYSE:MRT) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

According to Zacks, “MedEquities Realty Trust, Inc. owns, develops, operates, leases and disposes healthcare properties and portfolios. It operates primarily in Texas, California, Nevada and South Carolina. MedEquities Realty Trust, Inc. is based in Nashville, Tennessee. “

Several other equities analysts also recently commented on the company. ValuEngine upgraded MedEquities Realty Trust from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. B. Riley reiterated a “buy” rating on shares of MedEquities Realty Trust in a research report on Wednesday, November 8th. KeyCorp set a $13.00 target price on MedEquities Realty Trust and gave the company a “buy” rating in a research report on Sunday, October 29th. Finally, Capital One Financial reiterated an “equal weight” rating on shares of MedEquities Realty Trust in a research report on Sunday, October 22nd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $13.00.

MedEquities Realty Trust (NYSE MRT) traded down $0.03 during trading on Wednesday, reaching $11.21. The company’s stock had a trading volume of 173,700 shares, compared to its average volume of 203,033. The company has a market capitalization of $356.94, a P/E ratio of 28.03 and a beta of -0.74. MedEquities Realty Trust has a 1 year low of $10.06 and a 1 year high of $13.06.

In related news, Director Randy L. Churchey purchased 5,300 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was bought at an average price of $10.87 per share, with a total value of $57,611.00. Following the completion of the purchase, the director now owns 46,776 shares in the company, valued at approximately $508,455.12. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO John W. Mcroberts purchased 18,000 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was bought at an average cost of $10.74 per share, with a total value of $193,320.00. The disclosure for this purchase can be found here. In the last three months, insiders bought 23,600 shares of company stock valued at $254,129. Insiders own 2.50% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Wells Fargo & Company MN increased its stake in shares of MedEquities Realty Trust by 2.0% in the second quarter. Wells Fargo & Company MN now owns 24,666 shares of the financial services provider’s stock valued at $311,000 after buying an additional 482 shares during the period. Parametric Portfolio Associates LLC increased its stake in shares of MedEquities Realty Trust by 4.4% in the second quarter. Parametric Portfolio Associates LLC now owns 40,531 shares of the financial services provider’s stock valued at $512,000 after buying an additional 1,704 shares during the period. Dynamic Technology Lab Private Ltd increased its stake in shares of MedEquities Realty Trust by 25.1% in the second quarter. Dynamic Technology Lab Private Ltd now owns 16,686 shares of the financial services provider’s stock valued at $210,000 after buying an additional 3,346 shares during the period. IndexIQ Advisors LLC increased its stake in shares of MedEquities Realty Trust by 11.7% in the second quarter. IndexIQ Advisors LLC now owns 32,620 shares of the financial services provider’s stock valued at $412,000 after buying an additional 3,410 shares during the period. Finally, Nationwide Fund Advisors increased its stake in shares of MedEquities Realty Trust by 48.0% in the second quarter. Nationwide Fund Advisors now owns 17,849 shares of the financial services provider’s stock valued at $225,000 after buying an additional 5,791 shares during the period. 93.19% of the stock is owned by institutional investors.

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MedEquities Realty Trust Company Profile

MedEquities Realty Trust, Inc is a real estate investment trust (REIT). The Company invests in a diversified mix of healthcare properties and healthcare-related real estate debt investments. The Company invests primarily in real estate across the acute and post-acute spectrum of care. It focuses on investing in various types of healthcare properties, including acute care hospitals; skilled nursing facilities; short-stay surgical and specialty hospitals, which focus on orthopedic, heart and other dedicated surgeries and specialty procedures; dedicated specialty hospitals, such as inpatient rehabilitation facilities, long-term acute care hospitals and facilities providing psychiatric care; physician clinics; diagnostic facilities; outpatient surgery centers, and facilities that support these services, such as medical office buildings.

Analyst Recommendations for MedEquities Realty Trust (NYSE:MRT)

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