MedEquities Realty Trust Inc. (MRT) Position Held by Forward Management LLC
Forward Management LLC held its stake in shares of MedEquities Realty Trust Inc. (NYSE:MRT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,157,400 shares of the financial services provider’s stock at the end of the second quarter. MedEquities Realty Trust comprises 2.3% of Forward Management LLC’s portfolio, making the stock its 12th largest position. Forward Management LLC owned 0.07% of MedEquities Realty Trust worth $27,227,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the company. Stevens Capital Management LP acquired a new stake in shares of MedEquities Realty Trust during the first quarter worth $113,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of MedEquities Realty Trust during the first quarter worth $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 worth $151,000 after buying an additional 8,847 shares during the period. Eqis Capital Management Inc. acquired a new stake in shares of MedEquities Realty Trust during the second quarter worth $153,000. Finally, Acadian Asset Management LLC acquired a new stake in shares of MedEquities Realty Trust during the second quarter worth $175,000. Institutional investors and hedge funds own 95.18% of the company’s stock.
MedEquities Realty Trust Inc. (NYSE MRT) opened at 11.71 on Thursday. MedEquities Realty Trust Inc. has a 52 week low of $10.28 and a 52 week high of $13.06. The stock has a 50 day moving average of $12.33 and a 200 day moving average of $11.72. The company has a market cap of $372.07 million and a P/E ratio of 450.38.
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 given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 7.17%. The ex-dividend date is Monday, August 14th. MedEquities Realty Trust’s payout ratio is currently 240.00%.
Separately, Zacks Investment Research upgraded 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 assigned a hold rating and five have assigned a buy rating to the company. MedEquities Realty Trust has a consensus rating of “Buy” and a consensus target price 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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