Essex Investment Management Co. LLC bought a new position in Medical Properties Trust, Inc. (NYSE:MPW) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 61,750 shares of the real estate investment trust’s stock, valued at approximately $921,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Sandler Capital Management increased its position in Medical Properties Trust by 9.5% in the second quarter. Sandler Capital Management now owns 70,600 shares of the real estate investment trust’s stock worth $991,000 after buying an additional 6,100 shares during the period. Private Advisor Group LLC increased its holdings in shares of Medical Properties Trust by 26.5% during the second quarter. Private Advisor Group LLC now owns 60,728 shares of the real estate investment trust’s stock valued at $849,000 after purchasing an additional 12,725 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Medical Properties Trust by 10.2% during the second quarter. Bank of New York Mellon Corp now owns 9,096,460 shares of the real estate investment trust’s stock valued at $127,715,000 after purchasing an additional 840,443 shares during the period. Federated Investors Inc. PA increased its holdings in shares of Medical Properties Trust by 24.9% during the second quarter. Federated Investors Inc. PA now owns 149,519 shares of the real estate investment trust’s stock valued at $2,099,000 after purchasing an additional 29,802 shares during the period. Finally, First Republic Investment Management Inc. acquired a new position in shares of Medical Properties Trust during the second quarter valued at $1,093,000. 77.02% of the stock is currently owned by hedge funds and other institutional investors.
Shares of MPW opened at $14.63 on Friday. The firm has a market cap of $5.44 billion, a PE ratio of 10.84, a price-to-earnings-growth ratio of 3.10 and a beta of 0.55. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 1.26. Medical Properties Trust, Inc. has a one year low of $11.82 and a one year high of $15.24.
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 anticipate that Medical Properties Trust, Inc. will post 1.39 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, October 11th. Investors of record on Thursday, September 13th were paid a dividend of $0.25 per share. The ex-dividend date was Wednesday, September 12th. This represents a $1.00 annualized dividend and a yield of 6.84%. Medical Properties Trust’s dividend payout ratio is currently 74.07%.
In related news, Director Michael G. Stewart sold 12,400 shares of the firm’s stock in a transaction dated Friday, October 12th. The stock was sold at an average price of $14.13, for a total transaction of $175,212.00. Following the completion of the transaction, the director now owns 231,039 shares of the company’s stock, valued at $3,264,581.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 165,809 shares of company stock valued at $2,456,679 in the last ninety days. Company insiders own 0.83% of the company’s stock.
A number of research analysts have recently commented on MPW shares. Jefferies Financial Group lowered Medical Properties Trust from a “buy” rating to a “hold” rating and set a $15.00 price target on the stock. in a report on Tuesday, July 17th. JMP Securities set a $16.00 price target on Medical Properties Trust and gave the company a “buy” rating in a report on Monday, October 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $14.31.
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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