Sei Investments Co. cut its holdings in MedEquities Realty Trust Inc. (NYSE:MRT) by 18.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 152,628 shares of the financial services provider’s stock after selling 34,637 shares during the quarter. Sei Investments Co. owned about 0.48% of MedEquities Realty Trust worth $1,793,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in MRT. Schwab Charles Investment Management Inc. raised its holdings in MedEquities Realty Trust by 372.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 320,531 shares of the financial services provider’s stock worth $3,594,000 after purchasing an additional 252,739 shares during the period. Boston Partners raised its holdings in MedEquities Realty Trust by 18.5% in the second quarter. Boston Partners now owns 1,423,929 shares of the financial services provider’s stock worth $17,970,000 after purchasing an additional 221,911 shares during the period. Russell Investments Group Ltd. raised its holdings in MedEquities Realty Trust by 43.0% in the second quarter. Russell Investments Group Ltd. now owns 642,623 shares of the financial services provider’s stock worth $8,112,000 after purchasing an additional 193,182 shares during the period. American Century Companies Inc. raised its holdings in MedEquities Realty Trust by 11.2% in the third quarter. American Century Companies Inc. now owns 1,726,208 shares of the financial services provider’s stock worth $20,283,000 after purchasing an additional 174,261 shares during the period. Finally, State Street Corp raised its holdings in MedEquities Realty Trust by 41.7% in the second quarter. State Street Corp now owns 529,702 shares of the financial services provider’s stock worth $6,684,000 after purchasing an additional 155,934 shares during the period. 93.19% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Randy L. Churchey acquired 5,300 shares of the company’s stock in a transaction that occurred on 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 acquisition, the director now directly owns 46,776 shares in the company, valued at approximately $508,455.12. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John W. Mcroberts acquired 18,000 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The shares were bought at an average price of $10.74 per share, for a total transaction of $193,320.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 23,600 shares of company stock worth $254,129. 2.50% of the stock is currently owned by company insiders.
Shares of MedEquities Realty Trust Inc. (NYSE:MRT) traded down $0.07 during trading hours on Tuesday, hitting $11.15. 114,300 shares of the company were exchanged, compared to its average volume of 152,205. MedEquities Realty Trust Inc. has a fifty-two week low of $10.06 and a fifty-two week high of $13.06. The firm has a market capitalization of $356.30, a price-to-earnings ratio of 10.20 and a beta of -0.75.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 29th. Investors of record on Wednesday, November 15th were issued a dividend of $0.21 per share. The ex-dividend date was Tuesday, November 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 7.53%. MedEquities Realty Trust’s payout ratio is 210.01%.
Several equities research analysts have weighed in on MRT shares. KeyCorp reiterated a “buy” rating and issued a $13.00 target price on shares of MedEquities Realty Trust in a report on Friday, August 25th. ValuEngine upgraded shares of MedEquities Realty Trust from a “hold” rating to a “buy” rating in a report on Friday. B. Riley reiterated a “buy” rating on shares of MedEquities Realty Trust in a report on Wednesday, November 8th. Capital One Financial started coverage on shares of MedEquities Realty Trust in a report on Monday, October 23rd. They issued an “equal weight” rating and a $13.00 target price on the stock. Finally, 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 report on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $12.83.
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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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