Medical Properties Trust Inc. (MPW) Lowered to Hold at Zacks Investment Research
According to Zacks, “Medical Properties Trust, Inc. is a Birmingham, Alabama based self-advised real estate investment trust formed to capitalize on the changing trends in healthcare delivery by acquiring and developing net-leased healthcare facilities. These facilities include inpatient rehabilitation hospitals, long-term acute care hospitals, regional and community hospitals, women’s and children’s hospitals, skilled nursing facilities, ambulatory surgery centers, and other single-discipline healthcare facilities, such as heart hospitals, orthopedic hospitals and cancer centers. “
Several other research firms have also issued reports on MPW. Deutsche Bank AG initiated coverage on shares of Medical Properties Trust in a report on Friday, July 22nd. They issued a buy rating and a $17.00 target price on the stock. BTIG Research initiated coverage on shares of Medical Properties Trust in a report on Thursday, August 25th. They issued a neutral rating on the stock. Wells Fargo & Co. restated a hold rating on shares of Medical Properties Trust in a report on Sunday, September 4th. JMP Securities lowered shares of Medical Properties Trust from an outperform rating to a market perform rating in a report on Friday, July 1st. Finally, TheStreet upgraded shares of Medical Properties Trust from a hold rating to a buy rating in a report on Tuesday, June 21st. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $14.17.
Medical Properties Trust (NYSE:MPW) traded down 0.169% during trading on Friday, hitting $14.745. 346,832 shares of the stock were exchanged. The firm’s 50-day moving average is $14.93 and its 200 day moving average is $14.47. The firm has a market cap of $3.51 billion, a PE ratio of 18.026 and a beta of 0.93. Medical Properties Trust has a 52 week low of $9.61 and a 52 week high of $15.92.
Medical Properties Trust (NYSE:MPW) last issued its quarterly earnings results on Thursday, August 4th. The real estate investment trust reported $0.32 EPS for the quarter, hitting analysts’ consensus estimates of $0.32. The company had revenue of $126.30 million for the quarter, compared to analyst estimates of $128.04 million. Medical Properties Trust had a net margin of 38.03% and a return on equity of 9.06%. Medical Properties Trust’s revenue was up 26.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.30 earnings per share. Analysts expect that Medical Properties Trust will post $1.28 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 13th. Shareholders of record on Thursday, September 15th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 6.23%. The ex-dividend date of this dividend is Tuesday, September 13th. Medical Properties Trust’s payout ratio is 115.00%.
In other Medical Properties Trust news, Chairman Edward K. Aldag, Jr. sold 50,000 shares of the company’s stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $15.52, for a total value of $776,000.00. Following the completion of the sale, the chairman now directly owns 1,927,313 shares of the company’s stock, valued at approximately $29,911,897.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director G Steven Dawson sold 10,000 shares of the company’s stock in a transaction dated 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 sale, the director now directly owns 67,729 shares of the company’s stock, valued at $1,040,317.44. The disclosure for this sale can be found here. 1.44% of the stock is currently owned by company insiders.
Large investors have recently modified their holdings of the company. Northwestern Mutual Investment Management Company LLC purchased a new stake in shares of Medical Properties Trust during the second quarter worth about $625,000. Mason Street Advisors LLC purchased a new stake in shares of Medical Properties Trust during the second quarter worth about $1,650,000. IFP Advisors Inc increased its stake in shares of 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 worth $149,000 after buying an additional 870 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of 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 worth $14,155,000 after buying an additional 16,623 shares during the last quarter. Finally, Bellwether Investment Group LLC purchased a new stake in shares of Medical Properties Trust during the second quarter worth about $329,000. 78.52% of the stock is owned by institutional investors and hedge funds.
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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