MedEquities Realty Trust Inc (NYSE:MRT) has received a consensus recommendation of “Hold” from the twelve analysts that are covering the stock, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $10.50.
MRT has been the topic of a number of analyst reports. TheStreet raised MedEquities Realty Trust from a “d+” rating to a “c-” rating in a report on Wednesday, January 16th. JMP Securities lowered MedEquities Realty Trust to a “market perform” rating in a report on Wednesday, January 2nd. B. Riley reaffirmed a “neutral” rating and issued a $10.00 price objective (down previously from $10.50) on shares of MedEquities Realty Trust in a report on Thursday, January 3rd. Raymond James lowered MedEquities Realty Trust to a “market perform” rating in a report on Friday, January 4th. Finally, JPMorgan Chase & Co. raised MedEquities Realty Trust from an “underweight” rating to a “neutral” rating in a report on Wednesday, January 2nd.
In other news, Director Bluemountain Capital Managemen sold 216,902 shares of MedEquities Realty Trust stock in a transaction that occurred on Wednesday, January 30th. The shares were sold at an average price of $11.31, for a total transaction of $2,453,161.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.00% of the stock is currently owned by company insiders.
MRT traded down $0.05 during trading on Thursday, reaching $10.64. The company’s stock had a trading volume of 38,609 shares, compared to its average volume of 273,603. 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 $339.10 million, a PE ratio of 9.34 and a beta of 1.72.
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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