Medical Properties Trust Inc. to Post FY2016 Earnings of $1.26 Per Share, KeyCorp Forecasts (MPW)
Medical Properties Trust Inc. (NYSE:MPW) – Investment analysts at KeyCorp dropped their FY2016 earnings per share (EPS) estimates for shares of Medical Properties Trust in a research report issued to clients and investors on Tuesday. KeyCorp analyst J. Sadler now expects that the brokerage will post earnings per share of $1.26 for the year, down from their previous estimate of $1.28. KeyCorp also issued estimates for Medical Properties Trust’s Q4 2016 earnings at $0.29 EPS.
Other equities analysts also recently issued research reports about the company. Zacks Investment Research downgraded Medical Properties Trust from a “buy” rating to a “hold” rating in a research note on Friday. TheStreet upgraded Medical Properties Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, June 21st. Wells Fargo & Co. restated a “hold” rating on shares of Medical Properties Trust in a research report on Sunday, September 4th. BTIG Research restated a “neutral” rating on shares of Medical Properties Trust in a research report on Tuesday. Finally, JMP Securities downgraded Medical Properties Trust from an “outperform” rating to a “market perform” rating in a research report on Friday, July 1st. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Medical Properties Trust currently has an average rating of “Hold” and an average target price of $14.17.
Shares of Medical Properties Trust (NYSE:MPW) opened at 15.13 on Thursday. Medical Properties Trust has a 12-month low of $9.61 and a 12-month high of $15.92. The company has a market cap of $3.60 billion, a P/E ratio of 18.50 and a beta of 1.02. The company has a 50-day moving average price of $14.95 and a 200-day moving average price of $14.45.
Medical Properties Trust (NYSE:MPW) last released its quarterly earnings data on Thursday, August 4th. The real estate investment trust reported $0.32 EPS for the quarter, meeting analysts’ consensus estimates of $0.32. The business earned $126.30 million during the quarter, compared to the consensus estimate of $128.04 million. Medical Properties Trust had a return on equity of 9.06% and a net margin of 38.03%. The firm’s revenue was up 26.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.30 earnings per share.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 13th. Stockholders of record on Thursday, September 15th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $0.92 annualized dividend and a dividend yield of 6.08%. Medical Properties Trust’s payout ratio is currently 115.00%.
In other news, Chairman Edward K. Aldag, Jr. sold 50,000 shares of the company’s stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $15.52, for a total value of $776,000.00. Following the transaction, the chairman now owns 1,927,313 shares of the company’s stock, valued at $29,911,897.76. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director G Steven Dawson sold 10,000 shares of the company’s stock in a transaction on Friday, August 19th. The stock was sold at an average price of $15.36, for a total transaction of $153,600.00. Following the completion of the transaction, the director now directly owns 67,729 shares in the company, valued at approximately $1,040,317.44. The disclosure for this sale can be found here. 1.44% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Investment Management Company LLC purchased a new position in Medical Properties Trust during the second quarter valued at $625,000. Mason Street Advisors LLC purchased a new position in Medical Properties Trust during the second quarter valued at $1,650,000. IFP Advisors Inc boosted its position in Medical Properties Trust by 9.8% in the second quarter. IFP Advisors Inc now owns 9,773 shares of the real estate investment trust’s stock valued at $149,000 after buying an additional 870 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in Medical Properties Trust by 1.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 930,581 shares of the real estate investment trust’s stock valued at $14,155,000 after buying an additional 16,623 shares during the last quarter. Finally, Bellwether Investment Group LLC purchased a new position in Medical Properties Trust during the second quarter valued at $329,000. 81.48% of the stock is currently owned by hedge funds and other institutional investors.
Medical Properties Trust Company Profile
Medical Properties Trust, Inc is a self-advised real estate investment trust (REIT) focused on investing in and owning net-leased healthcare facilities. It conducts all of its business through MPT Operating Partnership, L.P. It acquires and develops healthcare facilities and leases the facilities to healthcare operating companies under long-term net leases.
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