Sei Investments Co. boosted its stake in shares of MedEquities Realty Trust Inc. (NYSE:MRT) by 3.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 187,265 shares of the financial services provider’s stock after buying an additional 6,941 shares during the period. Sei Investments Co. owned 0.59% of MedEquities Realty Trust worth $2,364,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of MRT. Stevens Capital Management LP purchased a new stake in shares of MedEquities Realty Trust during the first quarter valued at $113,000. Eqis Capital Management Inc. purchased a new stake in shares of MedEquities Realty Trust during the second quarter valued at $153,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of MedEquities Realty Trust during the first quarter valued at $150,000. UBS Group AG boosted its stake in shares of MedEquities Realty Trust by 190.0% in the first quarter. UBS Group AG now owns 13,504 shares of the financial services provider’s stock valued at $151,000 after buying an additional 8,847 shares during the period. Finally, Acadian Asset Management LLC purchased a new stake in shares of MedEquities Realty Trust during the second quarter valued at $175,000. 97.56% of the stock is currently owned by hedge funds and other institutional investors.
Shares of MedEquities Realty Trust Inc. (NYSE:MRT) opened at 11.40 on Friday. The company has a 50-day moving average of $11.99 and a 200 day moving average of $11.73. MedEquities Realty Trust Inc. has a one year low of $10.28 and a one year high of $13.06. The firm has a market cap of $362.01 million and a PE ratio of 34.65.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Wednesday, August 16th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 7.37%. The ex-dividend date is Monday, August 14th. MedEquities Realty Trust’s payout ratio is presently 240.00%.
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Several analysts recently weighed in on the stock. KeyCorp reaffirmed a “buy” rating and issued a $13.00 target price on shares of MedEquities Realty Trust in a report on Friday. Zacks Investment Research raised shares of MedEquities Realty Trust from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. MedEquities Realty Trust presently has a consensus rating of “Buy” and a consensus price target of $12.86.
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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