Medical Properties Trust, Inc. (NYSE:MPW) has received an average recommendation of “Hold” from the nine brokerages that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $14.21.
A number of brokerages have recently commented on MPW. Jefferies Financial Group cut Medical Properties Trust from a “buy” rating to a “hold” rating and set a $15.00 target price for the company. in a report on Tuesday, July 17th. JMP Securities set a $16.00 target price on Medical Properties Trust and gave the stock a “buy” rating in a report on Monday, October 1st.
In related news, Director Michael G. Stewart sold 12,400 shares of the business’s stock in a transaction on 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 in the company, valued at approximately $3,264,581.07. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP James Kevin Hanna sold 15,000 shares of the business’s stock in a transaction on Friday, August 17th. The shares were sold at an average price of $14.84, for a total value of $222,600.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 165,809 shares of company stock valued at $2,456,679. 0.83% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of MPW. Dimensional Fund Advisors LP boosted its holdings in Medical Properties Trust by 4.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,405,033 shares of the real estate investment trust’s stock valued at $70,265,000 after acquiring an additional 240,365 shares during the period. Hsbc Holdings PLC boosted its holdings in Medical Properties Trust by 12.2% during the 1st quarter. Hsbc Holdings PLC now owns 64,854 shares of the real estate investment trust’s stock valued at $844,000 after acquiring an additional 7,058 shares during the period. Sei Investments Co. boosted its holdings in Medical Properties Trust by 9.2% during the 1st quarter. Sei Investments Co. now owns 206,844 shares of the real estate investment trust’s stock valued at $2,689,000 after acquiring an additional 17,464 shares during the period. OppenheimerFunds Inc. boosted its holdings in Medical Properties Trust by 12.3% during the 1st quarter. OppenheimerFunds Inc. now owns 120,173 shares of the real estate investment trust’s stock valued at $1,562,000 after acquiring an additional 13,116 shares during the period. Finally, Commonwealth Equity Services LLC boosted its holdings in Medical Properties Trust by 5.2% during the 1st quarter. Commonwealth Equity Services LLC now owns 142,685 shares of the real estate investment trust’s stock valued at $1,854,000 after acquiring an additional 7,075 shares during the period. Institutional investors own 77.05% of the company’s stock.
Shares of Medical Properties Trust stock traded up $0.08 on Friday, reaching $14.71. The company had a trading volume of 5,491 shares, compared to its average volume of 2,180,803. The stock has a market cap of $5.32 billion, a price-to-earnings ratio of 10.90, a price-to-earnings-growth ratio of 3.04 and a beta of 0.55. The company has a debt-to-equity ratio of 1.26, a quick ratio of 2.19 and a current ratio of 2.19. Medical Properties Trust has a 1 year low of $11.82 and a 1 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 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.06). The company had revenue of $201.90 million during the quarter, compared to analysts’ expectations of $206.72 million. Medical Properties Trust had a return on equity of 9.12% and a net margin of 44.46%. Medical Properties Trust’s revenue for the quarter was up 21.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.32 EPS. Sell-side analysts predict that Medical Properties Trust will post 1.39 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 11th. Investors of record on Thursday, September 13th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 6.80%. The ex-dividend date of this dividend was Wednesday, September 12th. Medical Properties Trust’s payout ratio is currently 74.07%.
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.
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