MedEquities Realty Trust Inc. (MRT) Upgraded to “Hold” at Zacks Investment Research

MedEquities Realty Trust Inc. (NYSE:MRT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

According to Zacks, “MedEquities Realty Trust, Inc. owns, develops, operates, leases and disposes healthcare properties and portfolios. It operates primarily in Texas, California, Nevada and South Carolina. MedEquities Realty Trust, Inc. is based in Nashville, Tennessee. “

MRT has been the subject of a number of other reports. KeyCorp reiterated a “buy” rating and set a $13.00 price target on shares of MedEquities Realty Trust in a report on Friday, August 25th. Capital One Financial Corporation started coverage on shares of 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. Cantor Fitzgerald started coverage on shares of MedEquities Realty Trust in a report on Thursday, August 31st. They set an “overweight” rating and a $14.00 price target for the company. Finally, B. Riley reiterated a “buy” rating on shares of MedEquities Realty Trust in a report on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $13.00.

Shares of MedEquities Realty Trust (NYSE:MRT) opened at $10.83 on Wednesday. MedEquities Realty Trust has a 1-year low of $10.06 and a 1-year high of $13.06. The company has a market cap of $343.28, a price-to-earnings ratio of 9.83 and a beta of -0.70.

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A number of hedge funds and other institutional investors have recently modified their holdings of MRT. Schwab Charles Investment Management Inc. raised its holdings in MedEquities Realty Trust by 372.8% in the 1st 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 in the last quarter. Boston Partners raised its holdings in MedEquities Realty Trust by 18.5% in the 2nd 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 in the last quarter. Russell Investments Group Ltd. raised its holdings in MedEquities Realty Trust by 43.0% in the 2nd 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 in the last quarter. American Century Companies Inc. raised its holdings in MedEquities Realty Trust by 11.2% in the 3rd 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 in the last quarter. Finally, State Street Corp raised its holdings in MedEquities Realty Trust by 41.7% in the 2nd 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 in the last quarter. Institutional investors and hedge funds own 94.13% of the company’s stock.

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.

Analyst Recommendations for MedEquities Realty Trust (NYSE:MRT)

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