MedEquities Realty Trust Inc (MRT) Stake Raised by Victory Capital Management Inc.

Victory Capital Management Inc. grew its stake in shares of MedEquities Realty Trust Inc (NYSE:MRT) by 18.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 142,160 shares of the financial services provider’s stock after buying an additional 21,700 shares during the period. Victory Capital Management Inc.’s holdings in MedEquities Realty Trust were worth $1,595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. California State Teachers Retirement System raised its position in shares of MedEquities Realty Trust by 24.5% during the second quarter. California State Teachers Retirement System now owns 50,800 shares of the financial services provider’s stock valued at $641,000 after buying an additional 10,000 shares during the last quarter. American Century Companies Inc. raised its position in shares of MedEquities Realty Trust by 11.2% during the third quarter. American Century Companies Inc. now owns 1,726,208 shares of the financial services provider’s stock valued at $20,283,000 after buying an additional 174,261 shares during the last quarter. Prudential Financial Inc. raised its position in shares of MedEquities Realty Trust by 5.4% during the third quarter. Prudential Financial Inc. now owns 2,658,837 shares of the financial services provider’s stock valued at $31,242,000 after buying an additional 136,499 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of MedEquities Realty Trust during the third quarter valued at approximately $411,000. Finally, Wells Fargo & Company MN raised its position in shares of MedEquities Realty Trust by 43.4% during the third quarter. Wells Fargo & Company MN now owns 35,366 shares of the financial services provider’s stock valued at $416,000 after buying an additional 10,700 shares during the last quarter. Hedge funds and other institutional investors own 90.57% of the company’s stock.

Several equities research analysts have recently issued reports on the stock. B. Riley reiterated a “buy” rating on shares of MedEquities Realty Trust in a research report on Wednesday, November 1st. ValuEngine cut shares of MedEquities Realty Trust from a “buy” rating to a “hold” rating in a research report on Friday. Cantor Fitzgerald reiterated a “buy” rating and set a $14.00 price objective on shares of MedEquities Realty Trust in a research report on Wednesday. Zacks Investment Research cut shares of MedEquities Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, KeyCorp set a $13.00 price objective on shares of MedEquities Realty Trust and gave the company a “buy” rating in a research report on Sunday, October 29th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $13.00.

Shares of MedEquities Realty Trust Inc (MRT) opened at $10.17 on Friday. MedEquities Realty Trust Inc has a 1 year low of $10.06 and a 1 year high of $13.06. The firm has a market cap of $338.52, a price-to-earnings ratio of 15.89 and a beta of -0.73.

MedEquities Realty Trust (NYSE:MRT) last announced its quarterly earnings results on Wednesday, February 21st. The financial services provider reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.13). MedEquities Realty Trust had a return on equity of 6.00% and a net margin of 34.96%. The business had revenue of $16.23 million during the quarter, compared to the consensus estimate of $16.31 million. During the same quarter in the prior year, the firm posted ($0.06) EPS. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. equities analysts forecast that MedEquities Realty Trust Inc will post 1.2 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 5th. Investors of record on Monday, February 19th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 8.26%. The ex-dividend date of this dividend is Thursday, February 15th. MedEquities Realty Trust’s dividend payout ratio is presently 131.25%.

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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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Institutional Ownership by Quarter for MedEquities Realty Trust (NYSE:MRT)

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