KeyCorp began coverage on shares of MedEquities Realty Trust Inc (NYSE:MRT) in a report issued on Monday morning. The brokerage issued an overweight rating and a $13.00 price objective on the stock.

Several other research firms also recently weighed in on MRT. Raymond James Financial Inc. initiated coverage on MedEquities Realty Trust in a research note on Monday, October 24th. They issued an outperform rating and a $13.00 price objective for the company. RBC Capital Markets initiated coverage on MedEquities Realty Trust in a research report on Monday, October 24th. They issued an outperform rating and a $13.00 price objective for the company. JMP Securities began coverage on MedEquities Realty Trust in a research report on Monday, October 24th. They issued an outperform rating and a $13.00 price objective for the company. FBR & Co began coverage on MedEquities Realty Trust in a research note on Monday, October 24th. They issued an outperform rating and a $14.00 price target on the stock. Finally, Royal Bank Of Canada began coverage on MedEquities Realty Trust in a research note on Monday, October 24th. They issued an outperform rating and a $13.00 price target on the stock. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $13.00.

Shares of MedEquities Realty Trust (NYSE:MRT) remained flat at $10.62 during trading on Monday. 401 shares of the company’s stock traded hands. MedEquities Realty Trust has a 12-month low of $10.28 and a 12-month high of $12.05. The company has a market cap of $116.43 million and a P/E ratio of 236.00. The firm’s 50-day moving average is $11.43 and its 200 day moving average is $11.43.

In related news, CAO David L. Travis bought 2,500 shares of the stock in a transaction dated Tuesday, October 4th. The stock was bought at an average cost of $12.00 per share, with a total value of $30,000.00. Following the completion of the acquisition, the chief accounting officer now owns 15,934 shares of the company’s stock, valued at $191,208. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Randy L. Churchey bought 15,000 shares of the stock in a transaction dated Tuesday, October 4th. The shares were bought at an average cost of $12.00 per share, with a total value of $180,000.00. Following the completion of the acquisition, the director now directly owns 39,720 shares of the company’s stock, valued at approximately $476,640. The disclosure for this purchase can be found here.

Several institutional investors have recently bought and sold shares of the stock. Morgan Stanley bought a new position in MedEquities Realty Trust during the third quarter valued at approximately $2,004,000. Emerald Acquisition Ltd. bought a new position in MedEquities Realty Trust during the third quarter valued at approximately $1,552,000. Tamarack Advisers LP bought a new position in MedEquities Realty Trust during the third quarter valued at approximately $1,769,000. Boston Partners bought a new position in MedEquities Realty Trust during the third quarter valued at approximately $11,098,000. Finally, SG Americas Securities LLC bought a new position in MedEquities Realty Trust during the third quarter valued at approximately $238,000.

About MedEquities Realty Trust

MedEquities Realty Trust, Inc is a self-managed and self-administered company. The Company invests in a diversified mix of healthcare properties and healthcare-related real estate debt investments. The Company owns, acquires and finances healthcare-related properties. The Company primarily invests in various types of healthcare properties, such as acute care hospitals, short stay surgical and specialty hospitals (such as those focusing 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), skilled nursing facilities, physician group practice clinics, diagnostic facilities, outpatient surgery centers and facilities that support these services, such as medical office buildings.

5 Day Chart for NYSE:MRT

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