MedEquities Realty Trust’s (NYSE:MRT) lock-up period is set to end on Tuesday, March 28th. MedEquities Realty Trust had issued 19,925,333 shares in its IPO on September 29th. The total size of the offering was $239,103,996 based on an initial share price of $12.00. After the expiration of MedEquities Realty Trust’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

A number of research firms have commented on MRT. Zacks Investment Research raised shares of MedEquities Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 17th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $13.00 target price on shares of MedEquities Realty Trust in a research report on Monday, March 6th. Finally, JPMorgan Chase & Co. cut shares of MedEquities Realty Trust from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $12.50 to $12.00 in a research report on Friday, December 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. MedEquities Realty Trust currently has an average rating of “Buy” and a consensus price target of $12.86.

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MedEquities Realty Trust (NYSE:MRT) opened at 10.93 on Tuesday. MedEquities Realty Trust has a 52-week low of $10.28 and a 52-week high of $12.05. The firm’s market cap is $347.46 million. The firm has a 50-day moving average of $11.10 and a 200-day moving average of $11.20.

Several hedge funds and other institutional investors have recently made changes to their positions in MRT. Norges Bank purchased a new position in shares of MedEquities Realty Trust during the fourth quarter worth $3,108,000. Numeric Investors LLC purchased a new position in shares of MedEquities Realty Trust during the fourth quarter worth $266,000. Clough Capital Partners L P purchased a new position in shares of MedEquities Realty Trust during the fourth quarter worth $12,367,000. Metropolitan Life Insurance Co. NY purchased a new position in shares of MedEquities Realty Trust during the fourth quarter worth $297,000. Finally, NWQ Investment Management Company LLC boosted its position in shares of MedEquities Realty Trust by 47.0% in the fourth quarter. NWQ Investment Management Company LLC now owns 729,048 shares of the company’s stock worth $8,092,000 after buying an additional 233,233 shares in the last quarter. Institutional investors and hedge funds own 69.99% of the company’s stock.

MedEquities Realty Trust Company 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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