Federated Investors Inc. PA increased its stake in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 24.9% in the second quarter, Holdings Channel reports. The institutional investor owned 149,519 shares of the real estate investment trust’s stock after acquiring an additional 29,802 shares during the period. Federated Investors Inc. PA’s holdings in Medical Properties Trust were worth $2,099,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Rhumbline Advisers grew its stake in shares of Medical Properties Trust by 0.5% in the second quarter. Rhumbline Advisers now owns 725,632 shares of the real estate investment trust’s stock worth $10,188,000 after purchasing an additional 3,453 shares in the last quarter. Mason Street Advisors LLC grew its stake in shares of Medical Properties Trust by 2.1% in the first quarter. Mason Street Advisors LLC now owns 183,173 shares of the real estate investment trust’s stock worth $2,381,000 after purchasing an additional 3,765 shares in the last quarter. GWM Advisors LLC grew its stake in shares of Medical Properties Trust by 21.0% in the second quarter. GWM Advisors LLC now owns 23,758 shares of the real estate investment trust’s stock worth $331,000 after purchasing an additional 4,118 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Medical Properties Trust by 0.5% in the first quarter. Royal Bank of Canada now owns 820,608 shares of the real estate investment trust’s stock worth $10,668,000 after purchasing an additional 4,417 shares in the last quarter. Finally, American International Group Inc. grew its stake in shares of Medical Properties Trust by 0.6% in the second quarter. American International Group Inc. now owns 734,047 shares of the real estate investment trust’s stock worth $10,306,000 after purchasing an additional 4,523 shares in the last quarter. Hedge funds and other institutional investors own 77.05% of the company’s stock.
In other news, Director G Steven Dawson bought 5,662 shares of the firm’s stock in a transaction that occurred on Thursday, July 12th. The stock was acquired at an average price of $14.41 per share, with a total value of $81,589.42. Following the completion of the purchase, the director now directly owns 77,572 shares of the company’s stock, valued at approximately $1,117,812.52. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Michael G. Stewart sold 3,409 shares of the firm’s stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $14.76, for a total value of $50,316.84. Following the transaction, the director now directly owns 243,439 shares of the company’s stock, valued at approximately $3,593,159.64. The disclosure for this sale can be found here. Insiders have sold 153,409 shares of company stock valued at $2,281,467 in the last ninety days. Company insiders own 0.83% of the company’s stock.
Several research analysts have recently issued reports on the company. Jefferies Financial Group cut Medical Properties Trust from a “buy” rating to a “hold” rating and set a $15.00 price target for the company. in a research note on Tuesday, July 17th. Wells Fargo & Co increased their price target on Medical Properties Trust from $11.50 to $13.00 and gave the stock an “underperform” rating in a research note on Thursday, May 31st. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $14.07.
NYSE:MPW opened at $14.71 on Tuesday. Medical Properties Trust, Inc. has a 1 year low of $11.82 and a 1 year high of $15.24. The firm has a market capitalization of $5.39 billion, a PE ratio of 10.83, a price-to-earnings-growth ratio of 2.98 and a beta of 0.57. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 1.26.
Medical Properties Trust (NYSE:MPW) last announced its earnings results on Thursday, August 2nd. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.06). Medical Properties Trust had a net margin of 44.46% and a return on equity of 9.12%. The firm had revenue of $201.90 million for the quarter, compared to the consensus estimate of $206.72 million. During the same period in the prior year, the business earned $0.32 EPS. The company’s quarterly revenue was up 21.0% compared to the same quarter last year. sell-side analysts predict that Medical Properties Trust, Inc. will post 1.39 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 11th. Investors of record on Thursday, September 13th will be paid a dividend of $0.25 per share. The ex-dividend date is Wednesday, September 12th. This represents a $1.00 annualized dividend and a yield of 6.80%. Medical Properties Trust’s dividend payout ratio is currently 74.07%.
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.
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