Jefferies Group Analysts Cut Earnings Estimates for Medical Properties Trust (MPW)

Medical Properties Trust (NYSE:MPW) – Equities researchers at Jefferies Group decreased their FY2018 earnings estimates for Medical Properties Trust in a report released on Thursday, April 5th. Jefferies Group analyst O. Okusanya now expects that the real estate investment trust will post earnings per share of $1.39 for the year, down from their previous forecast of $1.40. Jefferies Group also issued estimates for Medical Properties Trust’s Q4 2018 earnings at $0.36 EPS and FY2020 earnings at $1.50 EPS.

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Other equities analysts have also issued reports about the company. Deutsche Bank lowered Medical Properties Trust from a “buy” rating to a “hold” rating and reduced their target price for the company from $14.00 to $13.50 in a report on Wednesday, January 10th. JPMorgan Chase raised Medical Properties Trust from an “underweight” rating to a “neutral” rating and set a $14.50 target price for the company in a report on Friday, December 15th. Zacks Investment Research lowered Medical Properties Trust from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. ValuEngine lowered Medical Properties Trust from a “buy” rating to a “hold” rating in a report on Monday. Finally, Robert W. Baird lowered Medical Properties Trust from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $15.00 to $13.00 in a report on Friday, January 5th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $14.28.

MPW stock opened at $12.84 on Friday. The company has a market capitalization of $4,693.62, a PE ratio of 9.51, a price-to-earnings-growth ratio of 2.55 and a beta of 0.69. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.06 and a quick ratio of 2.06. Medical Properties Trust has a 12-month low of $11.82 and a 12-month high of $14.22.

Medical Properties Trust (NYSE:MPW) last released its earnings results on Thursday, February 8th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.02. The company had revenue of $205.00 million during the quarter, compared to analyst estimates of $204.52 million. Medical Properties Trust had a return on equity of 7.85% and a net margin of 41.12%. Medical Properties Trust’s quarterly revenue was up 33.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.31 earnings per share.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 12th. Shareholders of record on Thursday, March 15th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 7.79%. This is a positive change from Medical Properties Trust’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Wednesday, March 14th. Medical Properties Trust’s dividend payout ratio is 74.07%.

In other Medical Properties Trust news, Chairman Edward K. Aldag, Jr. sold 489,971 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $12.39, for a total transaction of $6,070,740.69. Following the sale, the chairman now owns 2,192,629 shares in the company, valued at $27,166,673.31. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Edward K. Aldag, Jr. sold 116,216 shares of the stock in a transaction on Tuesday, March 27th. The stock was sold at an average price of $12.56, for a total value of $1,459,672.96. Following the sale, the chairman now owns 1,759,620 shares in the company, valued at approximately $22,100,827.20. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the business. Brown Advisory Inc. lifted its position in shares of Medical Properties Trust by 22.0% during the third quarter. Brown Advisory Inc. now owns 49,784 shares of the real estate investment trust’s stock worth $653,000 after acquiring an additional 8,968 shares in the last quarter. AXA lifted its position in shares of Medical Properties Trust by 16.0% during the third quarter. AXA now owns 711,730 shares of the real estate investment trust’s stock worth $9,345,000 after acquiring an additional 98,112 shares in the last quarter. Virginia Retirement Systems ET AL purchased a new stake in shares of Medical Properties Trust during the third quarter worth $386,000. Cottage Street Advisors LLC lifted its position in shares of Medical Properties Trust by 30.1% during the fourth quarter. Cottage Street Advisors LLC now owns 106,800 shares of the real estate investment trust’s stock worth $1,471,000 after acquiring an additional 24,700 shares in the last quarter. Finally, LSV Asset Management lifted its position in shares of Medical Properties Trust by 46.9% during the fourth quarter. LSV Asset Management now owns 8,788,100 shares of the real estate investment trust’s stock worth $121,100,000 after acquiring an additional 2,805,124 shares in the last quarter. Hedge funds and other institutional investors own 80.89% of the company’s stock.

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Medical Properties Trust Company Profile

Medical Properties Trust, Inc is a self-advised real estate investment trust formed to capitalize on the changing trends in healthcare delivery by acquiring and developing net-leased healthcare facilities. MPT's financing model helps facilitate acquisitions and recapitalizations and allows operators of hospitals and other healthcare facilities to unlock the value of their real estate assets to fund facility improvements, technology upgrades and other investments in operations.

Earnings History and Estimates for Medical Properties Trust (NYSE:MPW)

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