Concorde Asset Management LLC Acquires New Shares in Medical Properties Trust, Inc. $MPT

Concorde Asset Management LLC acquired a new position in shares of Medical Properties Trust, Inc. (NYSE:MPT) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 158,210 shares of the company’s stock, valued at approximately $745,000.

Other hedge funds also recently made changes to their positions in the company. Continuum Advisory LLC acquired a new position in shares of Medical Properties Trust in the 2nd quarter valued at about $31,000. Nykredit A S acquired a new position in shares of Medical Properties Trust during the 2nd quarter valued at $41,000. OneAscent Family Office LLC purchased a new stake in Medical Properties Trust during the 2nd quarter worth $49,000. Greenspring Advisors LLC acquired a new stake in Medical Properties Trust in the 2nd quarter valued at $54,000. Finally, Callan Family Office LLC purchased a new position in Medical Properties Trust in the second quarter valued at about $66,000. Institutional investors and hedge funds own 71.79% of the company’s stock.

Analyst Upgrades and Downgrades

MPT has been the subject of a number of recent research reports. Royal Bank Of Canada lowered their target price on Medical Properties Trust from $5.00 to $4.50 and set a “sector perform” rating for the company in a research note on Thursday, June 18th. Wells Fargo & Company reduced their price target on Medical Properties Trust from $5.00 to $3.80 and set an “underweight” rating on the stock in a research report on Tuesday, September 1st. Finally, Weiss Ratings cut Medical Properties Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, August 18th. One analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Medical Properties Trust currently has an average rating of “Sell” and a consensus target price of $4.15.

Medical Properties Trust Stock Down 0.2%

Shares of MPT opened at $4.00 on Wednesday. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of -66.67 and a beta of 1.40. The company has a debt-to-equity ratio of 2.16, a quick ratio of 3.12 and a current ratio of 3.12. The firm has a 50 day simple moving average of $4.41. Medical Properties Trust, Inc. has a 52-week low of $3.89 and a 52-week high of $6.47.

Medical Properties Trust (NYSE:MPT) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.15 EPS for the quarter, meeting analysts’ consensus estimates of $0.15. Medical Properties Trust had a negative net margin of 2.96% and a negative return on equity of 0.66%. The firm had revenue of $259.28 million for the quarter. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, equities analysts expect that Medical Properties Trust, Inc. will post 0.6 earnings per share for the current fiscal year.

Medical Properties Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Thursday, September 10th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 9.0%. The ex-dividend date of this dividend is Thursday, September 10th. Medical Properties Trust’s dividend payout ratio (DPR) is currently -600.00%.

Medical Properties Trust Profile

Medical Properties Trust, Inc (NYSE: MPT) is a real estate investment trust (REIT) that acquires, owns and finances hospitals and other healthcare facilities. Founded in 2003 by Edward K. Aldag Jr., the company’s business model centers on providing real estate capital to healthcare operators through long-term leases, sale-leaseback transactions, build-to-suit developments and mortgage financing. By specializing in healthcare real estate, MPT aims to deliver steady rental income and asset-based returns while enabling operators to access capital for clinical operations and growth.

The company’s portfolio primarily comprises acute care hospitals, inpatient rehabilitation hospitals, long-term acute care facilities, behavioral health centers and other specialty hospitals.