Stevens Capital Management LP Purchases Shares of 18,825 MedEquities Realty Trust Inc. (MRT)
Stevens Capital Management LP purchased a new position in shares of MedEquities Realty Trust Inc. (NYSE:MRT) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 18,825 shares of the financial services provider’s stock, valued at approximately $221,000. Stevens Capital Management LP owned about 0.06% of MedEquities Realty Trust as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Eqis Capital Management Inc. acquired a new position in shares of MedEquities Realty Trust during the second quarter worth approximately $153,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of MedEquities Realty Trust during the second quarter worth approximately $154,000. UBS Group AG lifted its holdings in shares of MedEquities Realty Trust by 190.0% during the first quarter. UBS Group AG now owns 13,504 shares of the financial services provider’s stock worth $151,000 after buying an additional 8,847 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of MedEquities Realty Trust during the second quarter worth approximately $175,000. Finally, Alliancebernstein L.P. acquired a new position in shares of MedEquities Realty Trust during the second quarter worth approximately $175,000. Institutional investors own 96.61% of the company’s stock.
Shares of MedEquities Realty Trust Inc. (MRT) opened at $11.23 on Wednesday. The stock has a market capitalization of $347.09, a P/E ratio of 9.94 and a beta of -0.70. MedEquities Realty Trust Inc. has a 1 year low of $10.06 and a 1 year high of $13.06.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 29th. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 7.48%. The ex-dividend date of this dividend is Tuesday, November 14th. MedEquities Realty Trust’s dividend payout ratio is presently 210.01%.
MRT has been the subject of a number of research analyst reports. KeyCorp set a $13.00 price target on MedEquities Realty Trust and gave the stock a “buy” rating in a report on Sunday, October 29th. B. Riley restated a “buy” rating on shares of MedEquities Realty Trust in a research report on Wednesday, November 8th. Cantor Fitzgerald began coverage on MedEquities Realty Trust in a research report on Thursday, August 31st. They set an “overweight” rating and a $14.00 price objective on the stock. Capital One Financial Corporation restated an “equal weight” rating on shares of MedEquities Realty Trust in a research report on Sunday, October 22nd. Finally, Zacks Investment Research upgraded MedEquities Realty Trust from a “sell” rating to a “hold” rating and set a $12.00 price objective on the stock in a research report on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. MedEquities Realty Trust presently has an average rating of “Hold” and a consensus price target of $12.83.
In related news, Director Randy L. Churchey purchased 5,300 shares of the stock in a transaction on Monday, November 20th. The shares were purchased at an average cost of $10.87 per share, for a total transaction of $57,611.00. Following the completion of the transaction, the director now directly owns 46,776 shares of the company’s stock, valued at approximately $508,455.12. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO John W. Mcroberts purchased 18,000 shares of the stock in a transaction on Friday, November 17th. The stock was bought at an average price of $10.74 per share, for a total transaction of $193,320.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 23,600 shares of company stock worth $254,129. 2.50% of the stock is currently owned by company insiders.
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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