MedEquities Realty Trust (NYSE:MRT) had its target price lowered by B. Riley from $12.00 to $11.00 in a report released on Tuesday. The firm currently has a “buy” rating on the financial services provider’s stock. B. Riley’s price target would indicate a potential upside of 42.67% from the stock’s previous close.

Several other brokerages have also weighed in on MRT. KeyCorp lowered MedEquities Realty Trust from an “overweight” rating to a “hold” rating and set a $12.00 price objective for the company. in a report on Wednesday, August 8th. Zacks Investment Research lowered MedEquities Realty Trust from a “buy” rating to a “hold” rating in a report on Saturday, August 11th. Citigroup raised MedEquities Realty Trust from a “sell” rating to a “neutral” rating and set a $9.00 price objective for the company in a report on Monday. JMP Securities set a $12.00 price objective on MedEquities Realty Trust and gave the stock a “buy” rating in a report on Tuesday, October 23rd. Finally, ValuEngine lowered MedEquities Realty Trust from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. MedEquities Realty Trust presently has an average rating of “Hold” and a consensus price target of $11.13.

Shares of MRT opened at $7.71 on Tuesday. MedEquities Realty Trust has a fifty-two week low of $7.65 and a fifty-two week high of $12.00. The stock has a market capitalization of $262.55 million, a P/E ratio of 6.76 and a beta of 0.65.

MedEquities Realty Trust (NYSE:MRT) last announced its quarterly earnings data on Monday, November 12th. The financial services provider reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.25). MedEquities Realty Trust had a return on equity of 3.39% and a net margin of 19.98%. The firm had revenue of $9.68 million during the quarter, compared to analysts’ expectations of $17.72 million. As a group, analysts forecast that MedEquities Realty Trust will post 1.08 earnings per share for the current year.

In other MedEquities Realty Trust news, Director Bluemountain Capital Managemen sold 11,695 shares of the firm’s stock in a transaction dated Monday, October 29th. The stock was sold at an average price of $8.39, for a total value of $98,121.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders sold 271,094 shares of company stock valued at $2,354,413. 3.00% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of MRT. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of MedEquities Realty Trust during the 2nd quarter valued at about $131,000. People s United Financial Inc. bought a new stake in shares of MedEquities Realty Trust during the 2nd quarter valued at about $158,000. Bank of Montreal Can bought a new stake in shares of MedEquities Realty Trust during the 2nd quarter valued at about $160,000. Raymond James Trust N.A. bought a new stake in shares of MedEquities Realty Trust during the 3rd quarter valued at about $161,000. Finally, California Public Employees Retirement System bought a new stake in shares of MedEquities Realty Trust during the 2nd quarter valued at about $171,000. Institutional investors and hedge funds own 91.60% of the company’s stock.

About MedEquities Realty Trust

MedEquities Realty Trust (NYSE: MRT) is a self-managed and self-administered real estate investment trust that invests in a diversified mix of healthcare properties and healthcare-related real estate debt investments. The Company's management team has extensive industry experience in acquiring, owning, developing, financing, operating, leasing and monetizing many types of healthcare properties and portfolios.

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Analyst Recommendations for MedEquities Realty Trust (NYSE:MRT)

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