Zacks Investment Research upgraded shares of Medical Properties Trust Inc. (NYSE:MPW) from a hold rating to a buy rating in a report issued on Wednesday. Zacks Investment Research currently has $16.00 target price on the real estate investment trust’s stock.
According to Zacks, “Medical Properties Trust, Inc. is a Birmingham, Alabama based self-advised real estate investment trust formed to capitalize on the changing trends in healthcare delivery by acquiring and developing net-leased healthcare facilities. These facilities include inpatient rehabilitation hospitals, long-term acute care hospitals, regional and community hospitals, women’s and children’s hospitals, skilled nursing facilities, ambulatory surgery centers, and other single-discipline healthcare facilities, such as heart hospitals, orthopedic hospitals and cancer centers. “
A number of other research firms have also recently issued reports on MPW. Wells Fargo & Co. reiterated a hold rating on shares of Medical Properties Trust in a research note on Sunday, September 4th. BTIG Research initiated coverage on shares of Medical Properties Trust in a research note on Thursday, August 25th. They issued a neutral rating for the company. Deutsche Bank AG initiated coverage on shares of Medical Properties Trust in a research note on Friday, July 22nd. They issued a buy rating and a $17.00 target price for the company. JMP Securities cut shares of Medical Properties Trust from an outperform rating to a market perform rating in a research note on Friday, July 1st. Finally, TheStreet upgraded shares of Medical Properties Trust from a hold rating to a buy rating in a research note on Tuesday, June 21st. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Medical Properties Trust has a consensus rating of Buy and an average target price of $14.17.
Medical Properties Trust (NYSE:MPW) opened at 14.99 on Wednesday. The company has a market capitalization of $3.57 billion, a price-to-earnings ratio of 18.33 and a beta of 1.02. The firm’s 50-day moving average price is $14.99 and its 200-day moving average price is $14.42. 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 released its quarterly earnings data on Thursday, August 4th. The real estate investment trust reported $0.32 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.32. The company had revenue of $126.30 million for the quarter, compared to the consensus estimate of $128.04 million. Medical Properties Trust had a return on equity of 9.06% and a net margin of 38.03%. The company’s quarterly revenue was up 26.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.30 earnings per share. On average, equities analysts expect that Medical Properties Trust will post $1.30 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 13th. Investors of record on Thursday, September 15th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 6.14%. The ex-dividend date is Tuesday, September 13th. Medical Properties Trust’s dividend payout ratio (DPR) is presently 115.00%.
In related news, Director G Steven Dawson sold 10,000 shares of the business’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 transaction, the director now owns 67,729 shares in the company, valued at approximately $1,040,317.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Edward K. Aldag, Jr. sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $15.52, for a total transaction of $776,000.00. Following the completion of the transaction, the chairman now 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.
A number of hedge funds and other institutional investors have recently bought and sold shares of MPW. MCF Advisors LLC raised its stake in Medical Properties Trust by 2.1% in the first quarter. MCF Advisors LLC now owns 8,261 shares of the real estate investment trust’s stock worth $107,000 after buying an additional 172 shares in the last quarter. IFP Advisors Inc raised its stake in 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 worth $116,000 after buying an additional 1,977 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in 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 worth $129,000 after buying an additional 100 shares in the last quarter. Creative Planning raised its stake in 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 worth $150,000 after buying an additional 550 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in Medical Properties Trust during the second quarter worth approximately $160,000. Hedge funds and other institutional investors own 81.48% of the company’s stock.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.