MedEquities Realty Trust (MRT) Upgraded at ValuEngine

ValuEngine upgraded shares of MedEquities Realty Trust (NYSE:MRT) from a hold rating to a buy rating in a research note issued to investors on Friday.

MRT has been the topic of a number of other research reports. B. Riley restated a buy rating on shares of MedEquities Realty Trust in a research note on Wednesday, November 8th. KeyCorp restated a buy rating and set a $13.00 price objective on shares of MedEquities Realty Trust in a research note on Friday, August 25th. Zacks Investment Research upgraded MedEquities Realty Trust from a sell rating to a hold rating and set a $12.00 price objective on the stock in a research note on Wednesday, November 15th. Capital One Financial started coverage on MedEquities Realty Trust in a research note on Monday, October 23rd. They set an equal weight rating and a $13.00 price objective on the stock. Finally, Cantor Fitzgerald started coverage on MedEquities Realty Trust in a research note on Thursday, August 31st. They set an overweight rating and a $14.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. MedEquities Realty Trust currently has an average rating of Buy and an average target price of $12.83.

Shares of MedEquities Realty Trust (NYSE MRT) traded down $0.07 on Friday, hitting $11.15. The company’s stock had a trading volume of 114,300 shares, compared to its average volume of 152,205. The firm has a market capitalization of $356.30, a PE ratio of 10.20 and a beta of -0.75. MedEquities Realty Trust has a 12 month low of $10.06 and a 12 month high of $13.06.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 29th. Shareholders of record on Wednesday, November 15th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 7.53%. The ex-dividend date was Tuesday, November 14th. MedEquities Realty Trust’s dividend payout ratio is presently 210.01%.

In other MedEquities Realty Trust news, CEO John W. Mcroberts bought 18,000 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were acquired at an average cost of $10.74 per share, with a total value of $193,320.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Randy L. Churchey bought 5,300 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were acquired at an average cost of $10.87 per share, for a total transaction of $57,611.00. Following the completion of the transaction, the director now owns 46,776 shares of the company’s stock, valued at approximately $508,455.12. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 23,600 shares of company stock worth $254,129. 2.50% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Cubist Systematic Strategies LLC purchased a new stake in shares of MedEquities Realty Trust during the third quarter worth about $177,000. Jane Street Group LLC purchased a new stake in shares of MedEquities Realty Trust during the third quarter worth about $270,000. Asset Management One Co. Ltd. increased its position in shares of MedEquities Realty Trust by 40.8% during the third quarter. Asset Management One Co. Ltd. now owns 62,539 shares of the financial services provider’s stock worth $747,000 after acquiring an additional 18,111 shares during the last quarter. OxFORD Asset Management LLP increased its position in shares of MedEquities Realty Trust by 39.2% during the third quarter. OxFORD Asset Management LLP now owns 155,785 shares of the financial services provider’s stock worth $1,832,000 after acquiring an additional 43,904 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of MedEquities Realty Trust by 43.4% during the third quarter. Wells Fargo & Company MN now owns 35,366 shares of the financial services provider’s stock worth $416,000 after acquiring an additional 10,700 shares during the last quarter. 93.19% of the stock is currently owned by institutional investors and hedge funds.

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About MedEquities Realty Trust

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.

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