MedEquities Realty Trust Inc (NYSE:MRT)’s share price reached a new 52-week low during mid-day trading on Tuesday following insider selling activity. The company traded as low as $7.22 and last traded at $7.23, with a volume of 4856 shares traded. The stock had previously closed at $7.42.

Specifically, Director Bluemountain Capital Managemen sold 7,200 shares of MedEquities Realty Trust stock in a transaction dated Wednesday, November 21st. The stock was sold at an average price of $7.16, for a total value of $51,552.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 365,069 shares of company stock valued at $3,075,050 over the last quarter. Insiders own 3.00% of the company’s stock.

A number of brokerages have issued reports on MRT. Raymond James cut their target price on shares of MedEquities Realty Trust from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Tuesday. B. Riley cut their target price on shares of MedEquities Realty Trust from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Tuesday, November 13th. Citigroup raised shares of MedEquities Realty Trust from a “sell” rating to a “neutral” rating and set a $9.00 target price on the stock in a report on Monday, November 12th. JMP Securities set a $12.00 target price on shares of MedEquities Realty Trust and gave the stock a “buy” rating in a report on Tuesday, October 23rd. Finally, Zacks Investment Research raised shares of MedEquities Realty Trust from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. MedEquities Realty Trust presently has an average rating of “Hold” and an average price target of $11.00.

The firm has a market capitalization of $236.42 million, a PE ratio of 6.30 and a beta of 0.65.

MedEquities Realty Trust (NYSE:MRT) last issued its earnings results on Monday, November 12th. The financial services provider reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ 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 business had revenue of $9.68 million during the quarter, compared to the consensus estimate of $17.72 million. Equities analysts expect that MedEquities Realty Trust Inc will post 1.08 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of MRT. Renaissance Technologies LLC raised its holdings in shares of MedEquities Realty Trust by 36.0% during the second quarter. Renaissance Technologies LLC now owns 839,800 shares of the financial services provider’s stock valued at $9,255,000 after buying an additional 222,500 shares during the last quarter. BlackRock Inc. raised its holdings in shares of MedEquities Realty Trust by 14.8% during the third quarter. BlackRock Inc. now owns 1,721,509 shares of the financial services provider’s stock valued at $16,733,000 after buying an additional 222,015 shares during the last quarter. Putnam Investments LLC raised its holdings in shares of MedEquities Realty Trust by 664.8% during the third quarter. Putnam Investments LLC now owns 178,190 shares of the financial services provider’s stock valued at $1,732,000 after buying an additional 154,890 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of MedEquities Realty Trust by 7.1% during the third quarter. American Century Companies Inc. now owns 2,325,880 shares of the financial services provider’s stock valued at $22,608,000 after buying an additional 153,969 shares during the last quarter. Finally, Sterling Capital Management LLC bought a new stake in shares of MedEquities Realty Trust during the second quarter valued at approximately $957,000. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

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About MedEquities Realty Trust (NYSE:MRT)

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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