Bluemountain Capital Managemen Sells 1,514 Shares of MedEquities Realty Trust Inc (MRT) Stock

MedEquities Realty Trust Inc (NYSE:MRT) Director Bluemountain Capital Managemen sold 1,514 shares of the business’s stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $7.48, for a total transaction of $11,324.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Bluemountain Capital Managemen also recently made the following trade(s):

  • On Wednesday, November 21st, Bluemountain Capital Managemen sold 7,200 shares of MedEquities Realty Trust stock. The stock was sold at an average price of $7.16, for a total transaction of $51,552.00.
  • On Friday, November 16th, Bluemountain Capital Managemen sold 28,027 shares of MedEquities Realty Trust stock. The stock was sold at an average price of $7.52, for a total transaction of $210,763.04.
  • On Wednesday, November 14th, Bluemountain Capital Managemen sold 57,234 shares of MedEquities Realty Trust stock. The stock was sold at an average price of $7.81, for a total transaction of $446,997.54.
  • On Monday, November 12th, Bluemountain Capital Managemen sold 37,530 shares of MedEquities Realty Trust stock. The stock was sold at an average price of $8.74, for a total transaction of $328,012.20.
  • On Thursday, November 8th, Bluemountain Capital Managemen sold 35,783 shares of MedEquities Realty Trust stock. The stock was sold at an average price of $8.60, for a total transaction of $307,733.80.
  • On Tuesday, November 6th, Bluemountain Capital Managemen sold 25,765 shares of MedEquities Realty Trust stock. The stock was sold at an average price of $8.58, for a total transaction of $221,063.70.
  • On Friday, November 2nd, Bluemountain Capital Managemen sold 25,000 shares of MedEquities Realty Trust stock. The stock was sold at an average price of $8.39, for a total transaction of $209,750.00.
  • On Wednesday, October 31st, Bluemountain Capital Managemen sold 10,000 shares of MedEquities Realty Trust stock. The stock was sold at an average price of $8.45, for a total transaction of $84,500.00.
  • On Monday, October 29th, Bluemountain Capital Managemen sold 11,695 shares of MedEquities Realty Trust stock. The stock was sold at an average price of $8.39, for a total transaction of $98,121.05.
  • On Thursday, October 25th, Bluemountain Capital Managemen sold 25,546 shares of MedEquities Realty Trust stock. The stock was sold at an average price of $8.45, for a total transaction of $215,863.70.

Shares of MedEquities Realty Trust stock traded down $0.03 on Friday, hitting $7.15. 5,010 shares of the company’s stock traded hands, compared to its average volume of 190,914. The stock has a market capitalization of $228.77 million, a price-to-earnings ratio of 6.27 and a beta of 0.65. MedEquities Realty Trust Inc has a one year low of $6.99 and a one year high of $12.00.

MedEquities Realty Trust (NYSE:MRT) last issued its earnings results on Monday, November 12th. The financial services provider reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.25). The business had revenue of $9.68 million for the quarter, compared to the consensus estimate of $17.72 million. MedEquities Realty Trust had a net margin of 19.98% and a return on equity of 3.39%. On average, research analysts forecast that MedEquities Realty Trust Inc will post 0.89 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of the business. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of MedEquities Realty Trust in the 2nd quarter valued at $131,000. People s United Financial Inc. bought a new stake in shares of MedEquities Realty Trust in the 2nd quarter valued at $158,000. Bank of Montreal Can bought a new stake in shares of MedEquities Realty Trust in the 2nd quarter valued at $160,000. Raymond James Trust N.A. bought a new stake in shares of MedEquities Realty Trust in the 3rd quarter valued at $161,000. Finally, California Public Employees Retirement System bought a new stake in shares of MedEquities Realty Trust in the 2nd quarter valued at $171,000. Institutional investors own 90.81% of the company’s stock.

Several research analysts recently weighed in on MRT shares. KeyCorp cut shares of MedEquities Realty Trust from an “overweight” rating to a “hold” rating and set a $12.00 price objective for the company. in a research report on Wednesday, August 8th. Zacks Investment Research cut shares of MedEquities Realty Trust from a “buy” rating to a “hold” rating in a research report on Saturday, August 11th. Citigroup upgraded shares of MedEquities Realty Trust from a “sell” rating to a “neutral” rating and set a $9.00 target price for the company in a research report on Monday, November 12th. JMP Securities set a $12.00 target price on shares of MedEquities Realty Trust and gave the company a “buy” rating in a research report on Tuesday, October 23rd. Finally, ValuEngine cut shares of MedEquities Realty Trust from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 8th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. MedEquities Realty Trust currently has an average rating of “Hold” and a consensus target price of $11.00.

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MedEquities Realty Trust Company 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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