MedEquities Realty Trust Inc (NYSE:MRT) saw a large drop in short interest in March. As of March 29th, there was short interest totalling 333,882 shares, a drop of 57.2% from the March 15th total of 779,213 shares. Based on an average daily volume of 333,017 shares, the short-interest ratio is currently 1.0 days. Currently, 1.1% of the shares of the stock are short sold.
NYSE MRT opened at $10.70 on Wednesday. The firm has a market cap of $346.11 million, a PE ratio of 9.39 and a beta of 1.72. MedEquities Realty Trust has a 52 week low of $6.27 and a 52 week high of $11.85.
In other MedEquities Realty Trust news, Director Bluemountain Capital Managemen sold 83,411 shares of the firm’s stock in a transaction on Tuesday, January 22nd. The stock was sold at an average price of $10.84, for a total value of $904,175.24. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold a total of 899,462 shares of company stock worth $9,933,418 in the last 90 days. 3.00% of the stock is currently owned by insiders.
Several research analysts have recently commented on MRT shares. TheStreet upgraded 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 reiterated a “neutral” rating and set a $10.00 price target (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. upgraded MedEquities Realty Trust from an “underweight” rating to a “neutral” rating in a report on Wednesday, January 2nd. Ten investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $10.89.
About MedEquities Realty Trust
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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