State Board of Administration of Florida Retirement System increased its stake in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 0.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 346,722 shares of the real estate investment trust’s stock after acquiring an additional 1,120 shares during the quarter. State Board of Administration of Florida Retirement System owned about 0.09% of Medical Properties Trust worth $6,047,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. TD Asset Management Inc. raised its position in shares of Medical Properties Trust by 87.2% in the second quarter. TD Asset Management Inc. now owns 84,300 shares of the real estate investment trust’s stock valued at $1,470,000 after buying an additional 39,264 shares during the last quarter. Swiss National Bank raised its holdings in Medical Properties Trust by 3.7% during the 2nd quarter. Swiss National Bank now owns 689,700 shares of the real estate investment trust’s stock worth $12,028,000 after purchasing an additional 24,600 shares during the last quarter. State of New Jersey Common Pension Fund D raised its holdings in Medical Properties Trust by 1.9% during the 1st quarter. State of New Jersey Common Pension Fund D now owns 550,000 shares of the real estate investment trust’s stock worth $10,181,000 after purchasing an additional 10,000 shares during the last quarter. Campbell Capital Management Inc. bought a new stake in Medical Properties Trust during the 2nd quarter worth about $1,472,000. Finally, Geode Capital Management LLC grew its position in shares of Medical Properties Trust by 22.9% during the 4th quarter. Geode Capital Management LLC now owns 4,659,679 shares of the real estate investment trust’s stock worth $74,927,000 after buying an additional 867,172 shares during the period. Hedge funds and other institutional investors own 70.05% of the company’s stock.
Several equities analysts recently issued reports on MPW shares. ValuEngine lowered Medical Properties Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Deutsche Bank upgraded Medical Properties Trust from a “hold” rating to a “buy” rating in a research report on Monday, July 29th. Stifel Nicolaus set a $21.00 price target on Medical Properties Trust and gave the stock a “buy” rating in a research report on Monday, August 12th. Zacks Investment Research cut Medical Properties Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, July 17th. Finally, SunTrust Banks upped their price objective on Medical Properties Trust from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. Medical Properties Trust currently has an average rating of “Buy” and a consensus target price of $19.06.
Shares of Medical Properties Trust stock opened at $18.55 on Thursday. Medical Properties Trust, Inc. has a 12-month low of $13.98 and a 12-month high of $18.92. The business’s 50 day moving average is $18.00 and its 200-day moving average is $18.11. The company has a quick ratio of 8.00, a current ratio of 8.00 and a debt-to-equity ratio of 0.99. The stock has a market cap of $8.27 billion, a P/E ratio of 13.54, a P/E/G ratio of 3.57 and a beta of 0.60.
Medical Properties Trust (NYSE:MPW) last posted its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.31 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.31. Medical Properties Trust had a return on equity of 6.84% and a net margin of 129.20%. The business had revenue of $192.55 million for the quarter, compared to analysts’ expectations of $186.11 million. During the same quarter in the prior year, the business earned $0.36 EPS. The firm’s revenue for the quarter was down 4.6% on a year-over-year basis. On average, sell-side analysts expect that Medical Properties Trust, Inc. will post 1.3 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Thursday, September 12th will be given a dividend of $0.26 per share. This is a boost from Medical Properties Trust’s previous quarterly dividend of $0.25. The ex-dividend date is Wednesday, September 11th. This represents a $1.04 annualized dividend and a yield of 5.61%. Medical Properties Trust’s dividend payout ratio (DPR) is presently 72.99%.
About Medical Properties Trust
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.
Further Reading: The limitations of an equal weight rating
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