Medical Properties Trust Inc. (NYSE:MPW) – Analysts at KeyCorp raised their Q3 2016 EPS estimates for shares of Medical Properties Trust in a research note issued to investors on Tuesday. KeyCorp analyst J. Sadler now expects that the brokerage will earn $0.31 per share for the quarter, up from their previous forecast of $0.30. KeyCorp also issued estimates for Medical Properties Trust’s FY2017 earnings at $1.30 EPS.
Medical Properties Trust (NYSE:MPW) last released its quarterly earnings results on Thursday, August 4th. The real estate investment trust reported $0.32 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.32. Medical Properties Trust had a return on equity of 9.06% and a net margin of 38.03%. The company earned $126.30 million during the quarter, compared to analysts’ expectations of $128.04 million. During the same period in the previous year, the firm posted $0.30 earnings per share. The business’s revenue for the quarter was up 26.6% compared to the same quarter last year.
MPW has been the subject of a number of other reports. Zacks Investment Research lowered Medical Properties Trust from a “buy” rating to a “hold” rating in a research note on Friday. BTIG Research assumed coverage on Medical Properties Trust in a research note on Thursday, August 25th. They set a “neutral” rating for the company. TheStreet raised Medical Properties Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, June 21st. Deutsche Bank AG assumed coverage on Medical Properties Trust in a research note on Friday, July 22nd. They set a “buy” rating and a $17.00 price objective for the company. Finally, JMP Securities lowered Medical Properties Trust from an “outperform” rating to a “market perform” rating in a research note on Friday, July 1st. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $14.17.
Medical Properties Trust (NYSE:MPW) traded down 0.66% during trading on Friday, hitting $15.03. The stock had a trading volume of 2,268,604 shares. The stock has a market cap of $3.58 billion, a PE ratio of 18.37 and a beta of 1.02. The firm’s 50-day moving average price is $14.95 and its 200-day moving average price is $14.45. Medical Properties Trust has a 1-year low of $9.61 and a 1-year high of $15.92.
Institutional investors have recently bought and sold shares of the stock. MCF Advisors LLC raised its position in Medical Properties Trust by 1.6% in the second quarter. MCF Advisors LLC now owns 8,397 shares of the real estate investment trust’s stock valued at $128,000 after buying an additional 136 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of Medical Properties Trust by 1.2% in the second quarter. Daiwa Securities Group Inc. now owns 8,500 shares of the real estate investment trust’s stock valued at $129,000 after buying an additional 100 shares in the last quarter. IFP Advisors Inc increased its stake in shares of Medical Properties Trust by 28.5% in the first quarter. IFP Advisors Inc now owns 8,903 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 1,977 shares in the last quarter. Creative Planning increased its stake in shares of Medical Properties Trust by 5.9% in the second quarter. Creative Planning now owns 9,869 shares of the real estate investment trust’s stock valued at $150,000 after buying an additional 550 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Medical Properties Trust during the second quarter valued at about $160,000. Institutional investors own 81.48% of the company’s stock.
In other Medical Properties Trust news, Director G Steven Dawson sold 10,000 shares of the firm’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 transaction, the director now directly owns 67,729 shares in the company, valued at $1,040,317.44. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Edward K. Aldag, Jr. sold 50,000 shares of the firm’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 transaction, the chairman now owns 1,927,313 shares in the company, valued at $29,911,897.76. The disclosure for this sale can be found here. Company insiders own 1.44% of the company’s stock.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 13th. Shareholders of record on Thursday, September 15th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $0.92 annualized dividend and a yield of 6.08%. Medical Properties Trust’s dividend payout ratio (DPR) is currently 115.00%.
About Medical Properties Trust
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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