Medical Properties Trust (NYSE:MPW) Downgraded by Bank of America

Bank of America cut shares of Medical Properties Trust (NYSE:MPW – Get Rating) from a buy rating to a neutral rating in a research report report published on Thursday, MarketBeat.com reports. Bank of America currently has $10.00 price target on the real estate investment trust’s stock.

A number of other equities analysts have also weighed in on MPW. KeyCorp reduced their price objective on Medical Properties Trust from $18.00 to $16.00 and set an overweight rating for the company in a research note on Thursday, January 19th. StockNews.com began coverage on Medical Properties Trust in a research note on Thursday. They set a hold rating for the company. Credit Suisse Group reiterated a neutral rating and set a $11.00 price objective on shares of Medical Properties Trust in a research note on Tuesday, March 7th. Raymond James reduced their price objective on Medical Properties Trust from $18.00 to $16.00 and set a strong-buy rating for the company in a research note on Thursday, March 2nd. Finally, Barclays reduced their price objective on Medical Properties Trust from $17.00 to $14.00 and set an overweight rating for the company in a research note on Monday, February 27th. Seven equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of $14.82.

Medical Properties Trust Stock Performance

Shares of MPW stock opened at $7.73 on Thursday. The firm has a market capitalization of $4.62 billion, a price-to-earnings ratio of 5.15, a price-to-earnings-growth ratio of 0.50 and a beta of 0.96. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.92 and a quick ratio of 1.92. The business has a fifty day moving average of $11.71 and a 200 day moving average of $11.97. Medical Properties Trust has a 1 year low of $7.60 and a 1 year high of $21.63.

Medical Properties Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 13th. Shareholders of record on Thursday, March 16th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Wednesday, March 15th. This represents a $1.16 annualized dividend and a yield of 15.01%. Medical Properties Trust’s dividend payout ratio is presently 77.33%.

Hedge Funds Weigh In On Medical Properties Trust

Several large investors have recently bought and sold shares of MPW. HighTower Advisors LLC raised its holdings in shares of Medical Properties Trust by 8.2% in the first quarter. HighTower Advisors LLC now owns 83,236 shares of the real estate investment trust’s stock valued at $1,755,000 after buying an additional 6,318 shares during the last quarter. AlphaCrest Capital Management LLC raised its holdings in shares of Medical Properties Trust by 147.1% in the first quarter. AlphaCrest Capital Management LLC now owns 21,434 shares of the real estate investment trust’s stock valued at $453,000 after buying an additional 12,761 shares during the last quarter. Raymond James Trust N.A. raised its holdings in shares of Medical Properties Trust by 15.4% in the first quarter. Raymond James Trust N.A. now owns 37,749 shares of the real estate investment trust’s stock valued at $798,000 after buying an additional 5,046 shares during the last quarter. Cibc World Market Inc. raised its holdings in shares of Medical Properties Trust by 11.3% in the first quarter. Cibc World Market Inc. now owns 38,588 shares of the real estate investment trust’s stock valued at $816,000 after buying an additional 3,922 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in shares of Medical Properties Trust by 43.9% in the first quarter. Sei Investments Co. now owns 807,982 shares of the real estate investment trust’s stock valued at $17,067,000 after buying an additional 246,411 shares during the last quarter. Institutional investors and hedge funds own 80.31% of the company’s stock.

Medical Properties Trust Company Profile

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Medical Properties Trust, Inc is a self-advised real estate investment trust, 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.