Harvest Investment Services LLC purchased a new position in shares of Medical Properties Trust, Inc. (NYSE:MPW) in the 1st quarter, HoldingsChannel.com reports. The fund purchased 13,341 shares of the real estate investment trust’s stock, valued at approximately $250,000.
Other large investors have also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC acquired a new stake in Medical Properties Trust during the 4th quarter worth approximately $32,000. Victory Capital Management Inc. bought a new position in Medical Properties Trust during the 4th quarter worth $45,000. Nvwm LLC bought a new position in Medical Properties Trust during the 4th quarter worth $49,000. Whittier Trust Co. of Nevada Inc. increased its stake in Medical Properties Trust by 32.9% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 3,322 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 822 shares during the period. Finally, Bronfman E.L. Rothschild L.P. increased its stake in Medical Properties Trust by 21.4% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 3,435 shares of the real estate investment trust’s stock worth $55,000 after acquiring an additional 606 shares during the period. 79.65% of the stock is owned by institutional investors and hedge funds.
In other news, CEO Edward K. Aldag, Jr. sold 273,577 shares of Medical Properties Trust stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $18.72, for a total value of $5,121,361.44. Following the transaction, the chief executive officer now owns 2,160,784 shares in the company, valued at approximately $40,449,876.48. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP James Kevin Hanna sold 18,000 shares of Medical Properties Trust stock in a transaction on Monday, February 11th. The shares were sold at an average price of $18.37, for a total value of $330,660.00. Following the completion of the transaction, the vice president now owns 76,318 shares in the company, valued at approximately $1,401,961.66. The disclosure for this sale can be found here. Company insiders own 0.83% of the company’s stock.
Shares of MPW opened at $17.26 on Thursday. Medical Properties Trust, Inc. has a 52-week low of $12.25 and a 52-week high of $18.92. The company has a debt-to-equity ratio of 0.89, a quick ratio of 5.22 and a current ratio of 5.22. The firm has a market capitalization of $6.51 billion, a PE ratio of 12.60, a price-to-earnings-growth ratio of 3.66 and a beta of 0.74.
Medical Properties Trust (NYSE:MPW) last issued its quarterly earnings results on Thursday, February 7th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.31. Medical Properties Trust had a return on equity of 8.83% and a net margin of 129.59%. The company had revenue of $180.60 million for the quarter, compared to analyst estimates of $179.68 million. During the same quarter last year, the company posted $0.37 EPS. The company’s revenue for the quarter was down 11.9% compared to the same quarter last year. Equities research analysts expect that Medical Properties Trust, Inc. will post 1.42 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 14th were paid a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.00 annualized dividend and a dividend yield of 5.79%. Medical Properties Trust’s payout ratio is 72.99%.
A number of equities analysts have commented on the company. Zacks Investment Research upgraded Medical Properties Trust from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Tuesday. Deutsche Bank raised their price objective on Medical Properties Trust from $14.00 to $16.00 and gave the stock a “hold” rating in a research note on Friday, March 29th. Mitsubishi UFJ Financial Group raised their price objective on Medical Properties Trust to $17.00 and gave the stock a “neutral” rating in a research note on Monday, February 11th. Jefferies Financial Group upgraded Medical Properties Trust from a “hold” rating to a “buy” rating and raised their price objective for the stock from $18.00 to $23.00 in a research note on Wednesday, February 13th. Finally, JPMorgan Chase & Co. upgraded Medical Properties Trust from a “neutral” rating to an “overweight” rating in a research note on Wednesday, December 19th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Medical Properties Trust has an average rating of “Hold” and a consensus price target of $17.79.
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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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