MedEquities Realty Trust Inc. (MRT) PT Set at $13.00 by KeyCorp

KeyCorp set a $13.00 target price on MedEquities Realty Trust Inc. (NYSE:MRT) in a report published on Sunday. The brokerage currently has a buy rating on the financial services provider’s stock.

Several other analysts have also issued reports on MRT. Zacks Investment Research upgraded MedEquities Realty Trust from a sell rating to a hold rating in a report on Wednesday, July 19th. Cantor Fitzgerald initiated coverage on MedEquities Realty Trust in a report on Thursday, August 31st. They set an overweight rating and a $14.00 price objective for the company. Finally, Capital One Financial Corporation initiated coverage on MedEquities Realty Trust in a report on Monday, October 23rd. They set an equal weight rating and a $13.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. MedEquities Realty Trust has a consensus rating of Hold and a consensus price target of $13.00.

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Several large investors have recently made changes to their positions in MRT. Bank of New York Mellon Corp raised its holdings in shares of MedEquities Realty Trust by 39.8% during the first quarter. Bank of New York Mellon Corp now owns 71,049 shares of the financial services provider’s stock worth $797,000 after acquiring an additional 20,225 shares in the last quarter. Parametric Portfolio Associates LLC raised its holdings in shares of MedEquities Realty Trust by 3.6% during the first quarter. Parametric Portfolio Associates LLC now owns 38,827 shares of the financial services provider’s stock worth $435,000 after acquiring an additional 1,343 shares in the last quarter. TIAA CREF Investment Management LLC raised its holdings in shares of MedEquities Realty Trust by 75.6% during the first quarter. TIAA CREF Investment Management LLC now owns 62,187 shares of the financial services provider’s stock worth $697,000 after acquiring an additional 26,767 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of MedEquities Realty Trust by 10.8% during the first quarter. Vanguard Group Inc. now owns 1,095,341 shares of the financial services provider’s stock worth $12,278,000 after acquiring an additional 106,394 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of MedEquities Realty Trust by 2.8% during the first quarter. Geode Capital Management LLC now owns 219,235 shares of the financial services provider’s stock worth $2,457,000 after acquiring an additional 5,910 shares in the last quarter. Institutional investors and hedge funds own 93.05% of the company’s stock.

About MedEquities Realty Trust

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.

Analyst Recommendations for MedEquities Realty Trust (NYSE:MRT)

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