Zacks Investment Research upgraded shares of MedEquities Realty Trust Inc. (NYSE:MRT) from a sell rating to a hold rating in a report published on Wednesday, July 19th.
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. “
MedEquities Realty Trust (MRT) traded down 1.22% during trading on Wednesday, reaching $12.13. 31,780 shares of the company’s stock traded hands. MedEquities Realty Trust has a 1-year low of $10.28 and a 1-year high of $13.06. The firm has a market capitalization of $385.42 million and a PE ratio of 466.54. The firm has a 50 day moving average of $12.39 and a 200 day moving average of $11.69.
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Large investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC increased its stake in shares of MedEquities Realty Trust by 0.3% in the second quarter. Janney Montgomery Scott LLC now owns 53,741 shares of the financial services provider’s stock worth $678,000 after buying an additional 175 shares in the last quarter. Moody Lynn & Lieberson LLC boosted its position in shares of MedEquities Realty Trust by 1.1% in the second quarter. Moody Lynn & Lieberson LLC now owns 65,982 shares of the financial services provider’s stock valued at $833,000 after buying an additional 719 shares during the last quarter. IndexIQ Advisors LLC boosted its position in shares of MedEquities Realty Trust by 2.7% in the first quarter. IndexIQ Advisors LLC now owns 29,210 shares of the financial services provider’s stock valued at $327,000 after buying an additional 772 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of MedEquities Realty Trust by 3.6% in the first quarter. Parametric Portfolio Associates LLC now owns 38,827 shares of the financial services provider’s stock valued at $435,000 after buying an additional 1,343 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of MedEquities Realty Trust by 2.8% in the first quarter. Geode Capital Management LLC now owns 219,235 shares of the financial services provider’s stock valued at $2,457,000 after buying an additional 5,910 shares during the last quarter. 95.75% of the stock is owned by hedge funds and other institutional investors.
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.
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