Other analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Medical Properties Trust from a hold rating to a buy rating and set a $16.00 price target on the stock in a research report on Wednesday, September 21st. TheStreet raised shares of Medical Properties Trust from a hold rating to a buy rating in a research report on Tuesday, June 21st. Deutsche Bank AG assumed coverage on shares of Medical Properties Trust in a report on Friday, July 22nd. They issued a buy rating and a $17.00 target price for the company. Wells Fargo & Co. reiterated a hold rating on shares of Medical Properties Trust in a report on Sunday, September 4th. Finally, BTIG Research reiterated a neutral rating on shares of Medical Properties Trust in a report on Tuesday, September 27th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $14.17.
Shares of Medical Properties Trust (NYSE:MPW) opened at 14.34 on Monday. The firm’s 50-day moving average price is $14.91 and its 200-day moving average price is $14.51. Medical Properties Trust has a 12-month low of $9.61 and a 12-month high of $15.92. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 17.53 and a beta of 0.93.
Medical Properties Trust (NYSE:MPW) last released its quarterly earnings results on Thursday, August 4th. The real estate investment trust reported $0.32 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.32. The firm had revenue of $126.30 million for the quarter, compared to analyst estimates of $128.04 million. Medical Properties Trust had a net margin of 38.03% and a return on equity of 9.06%. The business’s revenue for the quarter was up 26.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.30 EPS. On average, analysts forecast that Medical Properties Trust will post $1.28 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 13th. Shareholders of record on Thursday, September 15th will be paid a $0.23 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $0.92 annualized dividend and a dividend yield of 6.31%. Medical Properties Trust’s dividend payout ratio (DPR) is 115.00%.
In other Medical Properties Trust news, Director G Steven Dawson sold 10,000 shares of the business’s stock in a transaction 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 $1,040,317.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Edward K. Aldag, Jr. sold 50,000 shares of the business’s stock in a transaction 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 company insiders.
Several institutional investors have recently bought and sold shares of the company. Aperio Group LLC increased its position in Medical Properties Trust by 11.6% in the first quarter. Aperio Group LLC now owns 56,954 shares of the real estate investment trust’s stock valued at $739,000 after buying an additional 5,899 shares during the period. Nisa Investment Advisors L.L.C. increased its position in shares of Medical Properties Trust by 135.1% in the first quarter. Nisa Investment Advisors L.L.C. now owns 52,200 shares of the real estate investment trust’s stock worth $678,000 after buying an additional 30,000 shares during the last quarter. Virginia Retirement System purchased a new position in shares of Medical Properties Trust during the first quarter worth approximately $1,380,000. IFP Advisors Inc increased its position 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 worth $116,000 after buying an additional 1,977 shares during the last quarter. Finally, Teachers Advisors Inc. increased its position in shares of Medical Properties Trust by 6.5% in the first quarter. Teachers Advisors Inc. now owns 351,570 shares of the real estate investment trust’s stock worth $4,563,000 after buying an additional 21,498 shares during the last quarter. Institutional investors and hedge funds own 78.52% of the company’s stock.
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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