MedEquities Realty Trust Inc (MRT) Short Interest Update

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.

Large investors have recently modified their holdings of the stock. Renaissance Technologies LLC increased its position in shares of MedEquities Realty Trust by 21.5% during the 3rd quarter. Renaissance Technologies LLC now owns 1,020,302 shares of the financial services provider’s stock worth $9,917,000 after purchasing an additional 180,502 shares during the last quarter. Prudential Financial Inc. increased its position in shares of MedEquities Realty Trust by 41.0% during the 4th quarter. Prudential Financial Inc. now owns 2,603,235 shares of the financial services provider’s stock worth $17,806,000 after purchasing an additional 756,318 shares during the last quarter. Vanguard Group Inc increased its position in shares of MedEquities Realty Trust by 7.0% during the 3rd quarter. Vanguard Group Inc now owns 3,151,744 shares of the financial services provider’s stock worth $30,635,000 after purchasing an additional 205,635 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of MedEquities Realty Trust by 9.5% during the 4th quarter. Victory Capital Management Inc. now owns 115,440 shares of the financial services provider’s stock worth $790,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Strs Ohio increased 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 worth $344,000 after purchasing an additional 2,748 shares during the last quarter. 88.20% of the stock is owned by hedge funds and other institutional investors.

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.

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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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