Royal Bank of Canada decreased its position in shares of MedEquities Realty Trust Inc. (NYSE:MRT) by 1.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,494 shares of the financial services provider’s stock after selling 486 shares during the quarter. Royal Bank of Canada owned approximately 0.10% of MedEquities Realty Trust worth $410,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC boosted its holdings in shares of MedEquities Realty Trust by 0.3% during the 2nd quarter. Janney Montgomery Scott LLC now owns 53,741 shares of the financial services provider’s stock valued at $678,000 after acquiring an additional 175 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of MedEquities Realty Trust by 2.0% during the 2nd quarter. Wells Fargo & Company MN now owns 24,666 shares of the financial services provider’s stock valued at $311,000 after acquiring an additional 482 shares in the last quarter. Moody Lynn & Lieberson LLC boosted its holdings in shares of MedEquities Realty Trust by 1.1% during the 2nd quarter. Moody Lynn & Lieberson LLC now owns 65,982 shares of the financial services provider’s stock valued at $833,000 after acquiring an additional 719 shares in the last quarter. Parametric Portfolio Associates LLC lifted its holdings in MedEquities Realty Trust by 3.6% during the 1st quarter. Parametric Portfolio Associates LLC now owns 38,827 shares of the financial services provider’s stock worth $435,000 after buying an additional 1,343 shares during the period. Finally, IndexIQ Advisors LLC lifted its holdings in MedEquities Realty Trust by 11.7% during the 2nd quarter. IndexIQ Advisors LLC now owns 32,620 shares of the financial services provider’s stock worth $412,000 after buying an additional 3,410 shares during the period. 94.13% of the stock is currently owned by institutional investors.

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MedEquities Realty Trust Inc. (NYSE MRT) opened at $10.37 on Thursday. The company has a market capitalization of $343.92, a PE ratio of 9.85 and a beta of -0.70. MedEquities Realty Trust Inc. has a twelve month low of $10.06 and a twelve month high of $13.06.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Wednesday, November 15th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 8.10%. The ex-dividend date is Tuesday, November 14th. MedEquities Realty Trust’s payout ratio is presently 210.01%.

MRT has been the topic of several recent research reports. KeyCorp reaffirmed a “buy” rating and set a $13.00 target price on shares of MedEquities Realty Trust in a report on Friday, August 25th. Capital One Financial Corporation initiated coverage on MedEquities Realty Trust in a report on Monday, October 23rd. They set an “equal weight” rating and a $13.00 target price on the stock. B. Riley reaffirmed a “buy” rating on shares of MedEquities Realty Trust in a report on Wednesday, November 8th. Cantor Fitzgerald initiated coverage on MedEquities Realty Trust in a report on Thursday, August 31st. They set an “overweight” rating and a $14.00 target price on the stock. Finally, Zacks Investment Research raised MedEquities Realty Trust from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. MedEquities Realty Trust has a consensus rating of “Hold” and an average price target of $12.83.

MedEquities Realty Trust Profile

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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Institutional Ownership by Quarter for MedEquities Realty Trust (NYSE:MRT)

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