NWQ Investment Management Company LLC reduced its position in MedEquities Realty Trust Inc (NYSE:MRT) by 5.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 630,290 shares of the financial services provider’s stock after selling 36,200 shares during the quarter. NWQ Investment Management Company LLC owned about 1.98% of MedEquities Realty Trust worth $7,072,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the business. American Century Companies Inc. lifted its position in shares of MedEquities Realty Trust by 22.3% in the 4th quarter. American Century Companies Inc. now owns 2,111,333 shares of the financial services provider’s stock worth $23,689,000 after purchasing an additional 385,125 shares during the period. Schwab Charles Investment Management Inc. lifted its position in shares of MedEquities Realty Trust by 69.2% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 776,946 shares of the financial services provider’s stock valued at $8,718,000 after acquiring an additional 317,829 shares during the period. Bank of New York Mellon Corp lifted its position in shares of MedEquities Realty Trust by 192.4% during the 4th quarter. Bank of New York Mellon Corp now owns 343,285 shares of the financial services provider’s stock valued at $3,851,000 after acquiring an additional 225,882 shares during the period. State Street Corp increased its stake in MedEquities Realty Trust by 41.7% during the 2nd quarter. State Street Corp now owns 529,702 shares of the financial services provider’s stock valued at $6,684,000 after purchasing an additional 155,934 shares in the last quarter. Finally, Prudential Financial Inc. increased its stake in MedEquities Realty Trust by 5.4% during the 3rd quarter. Prudential Financial Inc. now owns 2,658,837 shares of the financial services provider’s stock valued at $31,242,000 after purchasing an additional 136,499 shares in the last quarter. 92.76% of the stock is currently owned by hedge funds and other institutional investors.
Shares of MRT opened at $9.99 on Friday. The company has a market cap of $323.33, a PE ratio of 8.76 and a beta of -0.21. MedEquities Realty Trust Inc has a 1 year low of $9.67 and a 1 year high of $13.06.
MedEquities Realty Trust (NYSE:MRT) last announced its quarterly earnings data on Wednesday, February 21st. The financial services provider reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.13). MedEquities Realty Trust had a net margin of 34.96% and a return on equity of 5.99%. The business had revenue of $16.23 million during the quarter, compared to the consensus estimate of $16.31 million. During the same period last year, the company earned ($0.06) EPS. The business’s revenue was up 13.8% compared to the same quarter last year. equities research analysts predict that MedEquities Realty Trust Inc will post 1.21 earnings per share for the current fiscal year.
A number of brokerages recently weighed in on MRT. Zacks Investment Research downgraded shares of MedEquities Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $14.00 price target on shares of MedEquities Realty Trust in a research note on Wednesday, February 21st. B. Riley set a $13.00 price objective on MedEquities Realty Trust and gave the company a “buy” rating in a research report on Thursday, February 22nd. ValuEngine upgraded MedEquities Realty Trust from a “hold” rating to a “buy” rating in a report on Monday, March 19th. Finally, Citigroup reduced their price objective on MedEquities Realty Trust from $12.00 to $10.00 and set a “neutral” rating for the company in a report on Thursday, March 1st. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $12.50.
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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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