Water Island Capital LLC bought a new position in shares of MedEquities Realty Trust Inc (NYSE:MRT) in the 1st quarter, HoldingsChannel reports. The institutional investor bought 1,106,777 shares of the financial services provider’s stock, valued at approximately $12,318,000.

Several other hedge funds have also made changes to their positions in the company. Daiwa Securities Group Inc. raised its stake in shares of MedEquities Realty Trust by 67.7% during the 1st quarter. Daiwa Securities Group Inc. now owns 5,200 shares of the financial services provider’s stock worth $58,000 after buying an additional 2,100 shares during the period. Strs Ohio raised its stake in shares of MedEquities Realty Trust by 5.8% during the 4th quarter. Strs Ohio now owns 50,361 shares of the financial services provider’s stock worth $344,000 after buying an additional 2,748 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of MedEquities Realty Trust by 318.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,293 shares of the financial services provider’s stock worth $59,000 after buying an additional 4,028 shares during the period. Acadian Asset Management LLC raised its stake in shares of MedEquities Realty Trust by 97.4% during the 4th quarter. Acadian Asset Management LLC now owns 12,173 shares of the financial services provider’s stock worth $83,000 after buying an additional 6,005 shares during the period. Finally, MetLife Investment Advisors LLC raised its stake in shares of MedEquities Realty Trust by 65.1% during the 3rd quarter. MetLife Investment Advisors LLC now owns 17,683 shares of the financial services provider’s stock worth $172,000 after buying an additional 6,974 shares during the period. 94.48% of the stock is owned by institutional investors and hedge funds.

NYSE MRT traded up $0.01 during mid-day trading on Wednesday, hitting $11.14. The stock had a trading volume of 10,046 shares, compared to its average volume of 273,743. MedEquities Realty Trust Inc has a twelve month low of $6.27 and a twelve month high of $11.85. The company has a market cap of $354.39 million, a P/E ratio of 9.85 and a beta of 1.64.

MRT has been the subject of several research analyst reports. TheStreet raised MedEquities Realty Trust from a “d+” rating to a “c-” rating in a research note on Wednesday, January 16th. ValuEngine downgraded MedEquities Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, February 13th. Finally, Zacks Investment Research raised MedEquities Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 22nd. Ten analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $10.89.

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MedEquities Realty Trust Profile

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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Want to see what other hedge funds are holding MRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MedEquities Realty Trust Inc (NYSE:MRT).

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

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