MedEquities Realty Trust Inc. (NYSE:MRT) Position Boosted by Vanguard Group Inc.

Vanguard Group Inc. lifted its position in shares of MedEquities Realty Trust Inc. (NYSE:MRT) by 5.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,160,107 shares of the financial services provider’s stock after purchasing an additional 64,766 shares during the period. Vanguard Group Inc. owned 3.65% of MedEquities Realty Trust worth $14,640,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MRT. Schwab Charles Investment Management Inc. lifted its position in shares of MedEquities Realty Trust by 372.8% during the first quarter. Schwab Charles Investment Management Inc. now owns 320,531 shares of the financial services provider’s stock valued at $3,594,000 after purchasing an additional 252,739 shares in the last quarter. Boston Partners lifted its position in shares of MedEquities Realty Trust by 18.5% during the second quarter. Boston Partners now owns 1,423,929 shares of the financial services provider’s stock valued at $17,970,000 after purchasing an additional 221,911 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of MedEquities Realty Trust by 43.0% during the second quarter. Russell Investments Group Ltd. now owns 642,623 shares of the financial services provider’s stock valued at $8,112,000 after purchasing an additional 193,182 shares in the last quarter. American Century Companies Inc. lifted its position in shares of MedEquities Realty Trust by 10.3% during the second quarter. American Century Companies Inc. now owns 1,551,947 shares of the financial services provider’s stock valued at $19,586,000 after purchasing an additional 145,427 shares in the last quarter. Finally, Eagle Boston Investment Management Inc. lifted its position in shares of MedEquities Realty Trust by 23.7% during the second quarter. Eagle Boston Investment Management Inc. now owns 700,597 shares of the financial services provider’s stock valued at $8,841,000 after purchasing an additional 134,095 shares in the last quarter. 93.19% of the stock is currently owned by institutional investors.

Several analysts have commented on MRT shares. KeyCorp reaffirmed a “buy” rating and issued a $13.00 price objective on shares of MedEquities Realty Trust in a research report on Friday, August 25th. Cantor Fitzgerald started coverage on shares of MedEquities Realty Trust in a research report on Thursday, August 31st. They issued an “overweight” rating and a $14.00 price objective on the stock. Capital One Financial started coverage on shares of MedEquities Realty Trust in a research report on Monday, October 23rd. They issued an “equal weight” rating and a $13.00 price objective on the stock. B. Riley reaffirmed a “buy” rating on shares of MedEquities Realty Trust in a research report on Wednesday, November 1st. Finally, Zacks Investment Research raised shares of MedEquities Realty Trust from a “sell” rating to a “hold” rating and set a $12.00 price objective on the stock in a research report on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. MedEquities Realty Trust currently has a consensus rating of “Buy” and a consensus price target of $12.83.

Shares of MedEquities Realty Trust Inc. (NYSE MRT) traded down $0.07 during mid-day trading on Monday, reaching $11.15. 114,321 shares of the company’s stock traded hands, compared to its average volume of 152,205. The company has a market capitalization of $356.30, a price-to-earnings ratio of 10.20 and a beta of -0.75. MedEquities Realty Trust Inc. has a twelve month low of $10.06 and a twelve month high of $13.06.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 29th. Stockholders of record on Wednesday, November 15th were paid a $0.21 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $0.84 annualized dividend and a dividend yield of 7.53%. MedEquities Realty Trust’s payout ratio is 210.01%.

In other MedEquities Realty Trust news, CEO John W. Mcroberts bought 18,000 shares of MedEquities Realty Trust stock in a transaction dated Friday, November 17th. The stock was purchased at an average price of $10.74 per share, for a total transaction of $193,320.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Randy L. Churchey bought 5,300 shares of MedEquities Realty Trust stock in a transaction dated Monday, November 20th. The stock was acquired at an average price of $10.87 per share, with a total value of $57,611.00. Following the purchase, 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 bought 23,600 shares of company stock valued at $254,129 in the last quarter. Corporate insiders own 2.50% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “MedEquities Realty Trust Inc. (NYSE:MRT) Position Boosted by Vanguard Group Inc.” was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this report on another website, it was copied illegally and republished in violation of international trademark and copyright laws. The legal version of this report can be read at https://www.dispatchtribunal.com/2017/12/04/vanguard-group-inc-raises-holdings-in-medequities-realty-trust-inc-mrt.html.

MedEquities Realty Trust Company 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)

Receive News & Ratings for MedEquities Realty Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MedEquities Realty Trust Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply