Eagle Asset Management Inc. bought a new position in shares of Medical Properties Trust, Inc. (NYSE:MPW) in the 1st quarter, Holdings Channel reports. The fund bought 16,954 shares of the real estate investment trust’s stock, valued at approximately $313,000.
Other large investors have also bought and sold shares of the company. Great West Life Assurance Co. Can increased its position in shares of Medical Properties Trust by 9.8% during the fourth quarter. Great West Life Assurance Co. Can now owns 277,165 shares of the real estate investment trust’s stock worth $4,182,000 after acquiring an additional 24,717 shares in the last quarter. APG Asset Management N.V. bought a new stake in shares of Medical Properties Trust during the fourth quarter worth about $1,730,000. Teachers Advisors LLC increased its position in shares of Medical Properties Trust by 1.5% during the third quarter. Teachers Advisors LLC now owns 423,527 shares of the real estate investment trust’s stock worth $6,315,000 after acquiring an additional 6,406 shares in the last quarter. AQR Capital Management LLC grew its position in Medical Properties Trust by 7.8% in the 3rd quarter. AQR Capital Management LLC now owns 90,155 shares of the real estate investment trust’s stock worth $1,344,000 after purchasing an additional 6,548 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its position in Medical Properties Trust by 1.9% in the 4th quarter. State of Alaska Department of Revenue now owns 157,578 shares of the real estate investment trust’s stock worth $2,532,000 after purchasing an additional 2,889 shares in the last quarter. 75.75% of the stock is owned by institutional investors.
Shares of MPW stock opened at $17.98 on Wednesday. Medical Properties Trust, Inc. has a 52-week low of $12.95 and a 52-week high of $18.92. The company has a quick ratio of 5.22, a current ratio of 9.37 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $7.08 billion, a price-to-earnings ratio of 13.12, a PEG ratio of 3.35 and a beta of 0.69.
Medical Properties Trust (NYSE:MPW) last issued its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.01). Medical Properties Trust had a return on equity of 7.98% and a net margin of 131.84%. The firm had revenue of $180.45 million during the quarter, compared to the consensus estimate of $182.00 million. During the same period in the previous year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was down 12.0% on a year-over-year basis. On average, equities analysts expect that Medical Properties Trust, Inc. will post 1.34 EPS for the current year.
A number of brokerages have issued reports on MPW. Zacks Investment Research downgraded shares of Medical Properties Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, April 17th. Deutsche Bank upped their price objective on shares of Medical Properties Trust from $14.00 to $16.00 and gave the stock a “hold” rating in a research report on Friday, March 29th. Jefferies Financial Group raised shares of Medical Properties Trust from a “hold” rating to a “buy” rating and upped their price objective for the stock from $18.00 to $23.00 in a research report on Wednesday, February 13th. Finally, Mitsubishi UFJ Financial Group upped their price objective on shares of Medical Properties Trust to $17.00 and gave the stock a “neutral” rating in a research report on Monday, February 11th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Medical Properties Trust presently has an average rating of “Hold” and a consensus price target of $17.79.
In other Medical Properties Trust news, CEO Edward K. Aldag, Jr. sold 273,577 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were 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 directly owns 2,160,784 shares in the company, valued at $40,449,876.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.18% of the company’s stock.
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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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