MedEquities Realty Trust Inc (MRT) Given Average Rating of “Hold” by Analysts

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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.

Several hedge funds have recently bought and sold shares of the company. Strs Ohio lifted its position in shares of MedEquities Realty Trust by 5.8% during the 4th quarter. Strs Ohio now owns 50,361 shares of the financial services provider’s stock valued at $344,000 after acquiring an additional 2,748 shares during the period. Acadian Asset Management LLC lifted its position in shares of MedEquities Realty Trust by 97.4% during the 4th quarter. Acadian Asset Management LLC now owns 12,173 shares of the financial services provider’s stock valued at $83,000 after acquiring an additional 6,005 shares during the period. MetLife Investment Advisors LLC lifted its position in shares of MedEquities Realty Trust by 65.1% during the 3rd quarter. MetLife Investment Advisors LLC now owns 17,683 shares of the financial services provider’s stock valued at $172,000 after acquiring an additional 6,974 shares during the period. Citadel Advisors LLC lifted its position in shares of MedEquities Realty Trust by 24.8% during the 3rd quarter. Citadel Advisors LLC now owns 36,800 shares of the financial services provider’s stock valued at $358,000 after acquiring an additional 7,314 shares during the period. Finally, First Trust Advisors LP raised its position in shares of MedEquities Realty Trust by 17.2% during the 4th quarter. First Trust Advisors LP now owns 62,279 shares of the financial services provider’s stock worth $426,000 after purchasing an additional 9,151 shares during the last quarter. Institutional investors own 88.27% of the company’s stock.

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.

Further Reading: Calculate Your Return on Investment (ROI)

Analyst Recommendations for MedEquities Realty Trust (NYSE:MRT)

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