MedEquities Realty Trust Inc’s (MRT) Lock-Up Period Will End on March 28th
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.
Your IP Address:
This article was originally published by and is the sole property of American Banking News. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of U.S. and International copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/03/21/medequities-realty-trust-incs-mrt-lock-up-period-will-end-on-march-28th.html
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.
Receive News & Ratings for MedEquities Realty Trust Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MedEquities Realty Trust Inc and related companies with MarketBeat.com's FREE daily email newsletter.