Cubist Systematic Strategies LLC Acquires New Position in MedEquities Realty Trust Inc (MRT)

Cubist Systematic Strategies LLC acquired a new position in shares of MedEquities Realty Trust Inc (NYSE:MRT) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,077 shares of the financial services provider’s stock, valued at approximately $177,000.

A number of other institutional investors have also recently modified their holdings of the business. Jane Street Group LLC bought a new stake in MedEquities Realty Trust during the third quarter worth about $270,000. Asset Management One Co. Ltd. lifted 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 purchasing an additional 18,111 shares in the last quarter. OxFORD Asset Management LLP lifted 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 purchasing an additional 43,904 shares in the last quarter. Wells Fargo & Company MN lifted 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 purchasing an additional 10,700 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new position in shares of MedEquities Realty Trust during the third quarter worth approximately $312,000. 93.19% of the stock is currently owned by hedge funds and other institutional investors.

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

A number of equities analysts have recently issued reports on the stock. KeyCorp set a $13.00 target price on shares of MedEquities Realty Trust and gave the stock a “buy” rating in a research report on Sunday, October 29th. B. Riley reiterated a “buy” rating on shares of MedEquities Realty Trust in a research report on Wednesday, November 1st. Capital One Financial assumed coverage on shares of MedEquities Realty Trust in a research report on Monday, October 23rd. They set an “equal weight” rating and a $13.00 target price on the stock. Zacks Investment Research upgraded shares of MedEquities Realty Trust from a “sell” rating to a “hold” rating and set a $12.00 target price on the stock in a research report on Wednesday, November 15th. Finally, ValuEngine upgraded shares of MedEquities Realty Trust from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. MedEquities Realty Trust has a consensus rating of “Buy” and a consensus price target of $13.00.

MedEquities Realty Trust Inc (NYSE MRT) opened at $10.84 on Friday. MedEquities Realty Trust Inc has a 12-month low of $10.06 and a 12-month high of $13.06. The stock has a market cap of $349.63 and a P/E ratio of 27.79.

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MedEquities Realty Trust 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.

Institutional Ownership by Quarter for MedEquities Realty Trust (NYSE:MRT)

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