Shares of Medical Properties Trust, Inc. (NYSE:MPW) have earned an average recommendation of “Hold” from the ten analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $17.64.
Several equities research analysts have commented on MPW shares. Zacks Investment Research cut shares of H&E Equipment Services from a “hold” rating to a “sell” rating in a research report on Wednesday. Deutsche Bank lifted their price target on Welltower from $61.00 to $71.00 and gave the stock a “hold” rating in a research note on Friday, March 29th. Finally, SunTrust Banks raised Medical Properties Trust from a “hold” rating to a “buy” rating and lifted their price target for the stock from $19.00 to $20.00 in a research note on Tuesday, July 2nd.
In related news, Director Michael G. Stewart sold 6,830 shares of Medical Properties Trust stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $18.47, for a total value of $126,150.10. Following the transaction, the director now owns 224,615 shares of the company’s stock, valued at approximately $4,148,639.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.18% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. State of New Jersey Common Pension Fund D grew its stake in Medical Properties Trust by 1.9% during the 1st quarter. State of New Jersey Common Pension Fund D now owns 550,000 shares of the real estate investment trust’s stock valued at $10,181,000 after acquiring an additional 10,000 shares in the last quarter. Geode Capital Management LLC grew its stake in Medical Properties Trust by 22.9% during the 4th quarter. Geode Capital Management LLC now owns 4,659,679 shares of the real estate investment trust’s stock valued at $74,927,000 after acquiring an additional 867,172 shares in the last quarter. Great West Life Assurance Co. Can grew its stake in Medical Properties Trust by 9.8% during the 4th quarter. Great West Life Assurance Co. Can now owns 277,165 shares of the real estate investment trust’s stock valued at $4,182,000 after acquiring an additional 24,717 shares in the last quarter. APG Asset Management N.V. purchased a new position in Medical Properties Trust during the 4th quarter valued at about $1,730,000. Finally, Balasa Dinverno & Foltz LLC grew its stake in Medical Properties Trust by 29.3% during the 1st quarter. Balasa Dinverno & Foltz LLC now owns 207,918 shares of the real estate investment trust’s stock valued at $3,849,000 after acquiring an additional 47,077 shares in the last quarter. 80.62% of the stock is currently owned by hedge funds and other institutional investors.
Medical Properties Trust stock traded down $0.71 during midday trading on Tuesday, hitting $17.49. The company’s stock had a trading volume of 6,362,314 shares, compared to its average volume of 5,956,988. The company has a debt-to-equity ratio of 0.82, a current ratio of 9.37 and a quick ratio of 9.37. The business’s 50-day simple moving average is $18.04. Medical Properties Trust has a 12 month low of $13.93 and a 12 month high of $18.92. The firm has a market capitalization of $6.90 billion, a P/E ratio of 12.77, a PEG ratio of 3.26 and a beta of 0.59.
Medical Properties Trust (NYSE:MPW) last issued its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.31 EPS for the quarter, missing the 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 business had revenue of $180.45 million during the quarter, compared to the consensus estimate of $182.00 million. During the same quarter last year, the firm posted $0.36 earnings per share. Medical Properties Trust’s revenue was down 12.0% compared to the same quarter last year. As a group, equities analysts predict that Medical Properties Trust will post 1.34 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, July 11th. Investors of record on Thursday, June 13th were paid a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, June 12th. This represents a $1.00 dividend on an annualized basis and a yield of 5.72%. Medical Properties Trust’s dividend payout ratio is currently 72.99%.
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.
Recommended Story: What does the Producer Price Index (PPI) tell investors?
Receive News & Ratings for Medical Properties Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Medical Properties Trust and related companies with MarketBeat.com's FREE daily email newsletter.