Other research analysts have also recently issued research reports about the stock. TheStreet upgraded shares of Medical Properties Trust from a hold rating to a buy rating in a research note on Tuesday, June 21st. Zacks Investment Research cut shares of Medical Properties Trust from a strong-buy rating to a hold rating in a research note on Tuesday, July 19th. Wells Fargo & Co. restated a hold rating on shares of Medical Properties Trust in a research note on Sunday, September 4th. BTIG Research restated a neutral rating on shares of Medical Properties Trust in a research note on Tuesday, September 27th. Finally, Deutsche Bank AG started coverage on shares of Medical Properties Trust in a research note on Friday, July 22nd. They set a buy rating and a $17.00 price target for the company. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $14.17.
Medical Properties Trust (NYSE:MPW) opened at 14.01 on Monday. The company has a market capitalization of $3.34 billion, a price-to-earnings ratio of 17.13 and a beta of 0.93. The firm’s 50-day moving average price is $14.84 and its 200-day moving average price is $14.52. 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 announced 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 firm earned $126.30 million during the quarter, compared to analysts’ expectations of $128.04 million. Medical Properties Trust had a net margin of 38.03% and a return on equity of 9.06%. The company’s revenue for the quarter was up 26.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.30 earnings per share. On average, equities analysts expect that Medical Properties Trust will post $1.28 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 13th. Investors of record on Thursday, September 15th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 6.57%. The ex-dividend date of this dividend is Tuesday, September 13th. Medical Properties Trust’s dividend payout ratio is currently 115.00%.
In related news, Director G Steven Dawson sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $15.36, for a total value of $153,600.00. Following the completion of the sale, the director now owns 67,729 shares of the company’s stock, valued at $1,040,317.44. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Edward K. Aldag, Jr. sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $15.52, for a total transaction 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 disclosure for this sale can be found here. 1.44% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the stock. Northwestern Mutual Investment Management Company LLC bought a new stake in shares of Medical Properties Trust during the second quarter worth $625,000. Mason Street Advisors LLC bought a new stake in shares of Medical Properties Trust during the second quarter worth $1,650,000. IFP Advisors Inc raised 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 in the last quarter. Schwab Charles Investment Management Inc. raised 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 in the last quarter. Finally, Bellwether Investment Group LLC bought a new stake in shares of Medical Properties Trust during the second quarter worth $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.
Receive News & Ratings for Medical Properties Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Medical Properties Trust Inc. and related companies with MarketBeat.com's FREE daily email newsletter.