SG Americas Securities LLC acquired a new stake in MedEquities Realty Trust Inc (NYSE:MRT) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 21,522 shares of the financial services provider’s stock, valued at approximately $253,000. SG Americas Securities LLC owned approximately 0.07% of MedEquities Realty Trust at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. acquired a new position in MedEquities Realty Trust in the 2nd quarter valued at $154,000. Alliancebernstein L.P. acquired a new position in MedEquities Realty Trust in the 2nd quarter valued at $175,000. Dynamic Technology Lab Private Ltd raised its holdings in MedEquities Realty Trust by 25.1% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 16,686 shares of the financial services provider’s stock valued at $210,000 after acquiring an additional 3,346 shares in the last quarter. Susquehanna International Group LLP raised its holdings in MedEquities Realty Trust by 53.9% in the 2nd quarter. Susquehanna International Group LLP now owns 17,723 shares of the financial services provider’s stock valued at $224,000 after acquiring an additional 6,209 shares in the last quarter. Finally, Nationwide Fund Advisors raised its holdings in MedEquities Realty Trust by 48.0% in the 2nd quarter. Nationwide Fund Advisors now owns 17,849 shares of the financial services provider’s stock valued at $225,000 after acquiring an additional 5,791 shares in the last quarter. 93.19% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have weighed in on MRT. B. Riley reaffirmed a “buy” rating on shares of MedEquities Realty Trust in a report on Wednesday, November 1st. KeyCorp reissued a “buy” rating and set a $13.00 price target on shares of MedEquities Realty Trust in a report on Tuesday, September 26th. Zacks Investment Research cut MedEquities Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Capital One Financial began coverage on MedEquities Realty Trust in a report on Monday, October 23rd. They set an “equal weight” rating and a $13.00 price target for the company. Finally, ValuEngine raised MedEquities Realty Trust from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $13.00.
MedEquities Realty Trust Inc (NYSE MRT) traded up $0.03 during midday trading on Thursday, hitting $11.01. The company’s stock had a trading volume of 126,869 shares, compared to its average volume of 177,921. MedEquities Realty Trust Inc has a 1 year low of $10.06 and a 1 year high of $13.06. The company has a market cap of $355.35, a price-to-earnings ratio of 27.53 and a beta of -0.74.
In related news, Director Randy L. Churchey purchased 5,300 shares of MedEquities Realty Trust stock in a transaction on Monday, November 20th. The shares were purchased at an average price of $10.87 per share, for a total transaction of $57,611.00. Following the transaction, the director now owns 46,776 shares of the company’s stock, valued at approximately $508,455.12. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO John W. Mcroberts purchased 18,000 shares of MedEquities Realty Trust stock in a transaction on Friday, November 17th. The stock was 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. Insiders acquired a total of 23,600 shares of company stock worth $254,129 in the last quarter. Corporate insiders own 2.50% of the company’s stock.
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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.
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