Geode Capital Management LLC Raises Stock Holdings in Medical Properties Trust, Inc. (NYSE:MPW)

Geode Capital Management LLC boosted its stake in Medical Properties Trust, Inc. (NYSE:MPW) by 2.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,727,853 shares of the real estate investment trust’s stock after buying an additional 194,407 shares during the period. Geode Capital Management LLC owned approximately 1.47% of Medical Properties Trust worth $175,219,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of MPW. Marshall Wace LLP purchased a new stake in Medical Properties Trust in the 1st quarter valued at about $148,000. Principal Financial Group Inc. grew its position in Medical Properties Trust by 5.8% in the 1st quarter. Principal Financial Group Inc. now owns 4,224,926 shares of the real estate investment trust’s stock valued at $89,906,000 after acquiring an additional 230,887 shares in the last quarter. JPMorgan Chase & Co. grew its position in Medical Properties Trust by 33.2% in the 1st quarter. JPMorgan Chase & Co. now owns 3,637,758 shares of the real estate investment trust’s stock valued at $77,410,000 after acquiring an additional 907,448 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Medical Properties Trust by 8.1% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 193,493 shares of the real estate investment trust’s stock valued at $4,118,000 after acquiring an additional 14,504 shares in the last quarter. Finally, Northern Trust Corp grew its position in Medical Properties Trust by 12.4% in the 1st quarter. Northern Trust Corp now owns 8,002,489 shares of the real estate investment trust’s stock valued at $170,293,000 after acquiring an additional 882,360 shares in the last quarter. Hedge funds and other institutional investors own 78.82% of the company’s stock.

Several research firms have weighed in on MPW. Royal Bank of Canada raised Medical Properties Trust from a “sector perform” rating to an “outperform” rating and set a $23.00 target price for the company in a research report on Wednesday, August 11th. They noted that the move was a valuation call. Zacks Investment Research downgraded Medical Properties Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 5th. Bank of America downgraded Medical Properties Trust from a “buy” rating to a “neutral” rating and set a $21.50 target price for the company. in a research report on Tuesday, July 6th. Finally, Mizuho reaffirmed a “buy” rating and issued a $23.00 target price on shares of Medical Properties Trust in a research report on Wednesday, July 14th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $23.50.

Shares of Medical Properties Trust stock opened at $20.35 on Thursday. The business has a 50-day simple moving average of $20.40 and a 200-day simple moving average of $20.89. The company has a market cap of $12.12 billion, a PE ratio of 22.12, a P/E/G ratio of 1.65 and a beta of 0.50. Medical Properties Trust, Inc. has a one year low of $17.13 and a one year high of $22.82. The company has a debt-to-equity ratio of 1.22, a quick ratio of 3.95 and a current ratio of 3.95.

Medical Properties Trust (NYSE:MPW) last posted its earnings results on Thursday, July 29th. The real estate investment trust reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.24). Medical Properties Trust had a return on equity of 6.63% and a net margin of 36.89%. On average, sell-side analysts predict that Medical Properties Trust, Inc. will post 1.75 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 14th. Investors of record on Thursday, September 16th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 5.50%. The ex-dividend date of this dividend is Wednesday, September 15th. Medical Properties Trust’s payout ratio is 71.34%.

About Medical Properties Trust

Medical Properties Trust, Inc is a self-advised real estate investment trust, which engages in the investment, acquisition, and development of net-leased healthcare facilities. Its property portfolio includes rehabilitation hospitals; long-term acute care hospitals; ambulatory surgery centers; hospitals for women and children; regional and community hospitals; medical office buildings; and other single-discipline facilities.

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Institutional Ownership by Quarter for Medical Properties Trust (NYSE:MPW)

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