Sterling Capital Management LLC purchased a new stake in shares of MedEquities Realty Trust Inc (NYSE:MRT) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 86,841 shares of the financial services provider’s stock, valued at approximately $957,000. Sterling Capital Management LLC owned approximately 0.27% of MedEquities Realty Trust as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. grew its holdings in shares of MedEquities Realty Trust by 18.8% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 31,018 shares of the financial services provider’s stock valued at $342,000 after acquiring an additional 4,913 shares in the last quarter. Martingale Asset Management L P grew its holdings in shares of MedEquities Realty Trust by 2.0% during the 2nd quarter. Martingale Asset Management L P now owns 258,242 shares of the financial services provider’s stock valued at $2,846,000 after acquiring an additional 5,100 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of MedEquities Realty Trust by 0.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 764,932 shares of the financial services provider’s stock valued at $8,430,000 after acquiring an additional 5,106 shares in the last quarter. UBS Group AG grew its holdings in shares of MedEquities Realty Trust by 52.3% during the 1st quarter. UBS Group AG now owns 23,234 shares of the financial services provider’s stock valued at $244,000 after acquiring an additional 7,978 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of MedEquities Realty Trust by 252.2% during the 1st quarter. Barclays PLC now owns 16,016 shares of the financial services provider’s stock valued at $168,000 after acquiring an additional 11,469 shares in the last quarter. Institutional investors and hedge funds own 90.80% of the company’s stock.

MRT has been the topic of several research analyst reports. Citigroup cut shares of MedEquities Realty Trust from a “neutral” rating to a “sell” rating and lowered their price target for the company from $10.00 to $9.00 in a report on Friday. Canaccord Genuity reduced their price objective on shares of MedEquities Realty Trust from $13.00 to $12.00 and set an “overweight” rating for the company in a research note on Thursday, August 9th. B. Riley set a $12.00 price objective on shares of MedEquities Realty Trust and gave the company a “buy” rating in a research note on Thursday, August 9th. ValuEngine lowered shares of MedEquities Realty Trust from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 8th. Finally, Zacks Investment Research lowered shares of MedEquities Realty Trust from a “buy” rating to a “hold” rating in a research note on Saturday, August 11th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $12.00.

MRT stock opened at $9.64 on Tuesday. MedEquities Realty Trust Inc has a 1 year low of $9.46 and a 1 year high of $12.05. The firm has a market capitalization of $307.79 million, a P/E ratio of 8.46 and a beta of -0.15.

MedEquities Realty Trust (NYSE:MRT) last released its quarterly earnings data on Wednesday, August 8th. The financial services provider reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.20). MedEquities Realty Trust had a net margin of 30.84% and a return on equity of 5.73%. The business had revenue of $17.56 million during the quarter, compared to analyst estimates of $17.03 million. research analysts forecast that MedEquities Realty Trust Inc will post 1.08 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 29th. Investors of record on Wednesday, August 15th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 8.71%. The ex-dividend date was Tuesday, August 14th. MedEquities Realty Trust’s payout ratio is presently 73.68%.

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

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