Medical Properties Trust (NYSE:MPW) Coverage Initiated at Berenberg Bank

Berenberg Bank began coverage on shares of Medical Properties Trust (NYSE:MPW) in a report released on Thursday, BenzingaRatingsTable reports. The firm issued a buy rating and a $22.00 price target on the real estate investment trust’s stock.

Other equities analysts also recently issued reports about the company. Stifel Nicolaus set a $21.00 price objective on Medical Properties Trust and gave the stock a buy rating in a research report on Monday, August 12th. JPMorgan Chase & Co. set a $21.00 price objective on Medical Properties Trust and gave the stock a buy rating in a research report on Wednesday, September 4th. Zacks Investment Research downgraded Medical Properties Trust from a hold rating to a sell rating in a report on Wednesday, July 17th. SunTrust Banks lifted their target price on Medical Properties Trust from $20.00 to $21.00 and gave the stock a buy rating in a report on Tuesday, August 27th. Finally, ValuEngine downgraded Medical Properties Trust from a buy rating to a hold rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. Medical Properties Trust has a consensus rating of Buy and a consensus target price of $19.59.

Shares of MPW opened at $18.46 on Thursday. Medical Properties Trust has a 1 year low of $13.98 and a 1 year high of $19.26. The company has a debt-to-equity ratio of 0.99, a current ratio of 8.00 and a quick ratio of 8.00. The company has a market capitalization of $8.45 billion, a price-to-earnings ratio of 13.47, a price-to-earnings-growth ratio of 3.64 and a beta of 0.56. The business has a 50-day moving average of $18.26 and a 200-day moving average of $18.15.

Medical Properties Trust (NYSE:MPW) last issued its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.31. Medical Properties Trust had a return on equity of 6.84% and a net margin of 129.20%. The company had revenue of $192.55 million during the quarter, compared to the consensus estimate of $186.11 million. During the same period last year, the company earned $0.36 earnings per share. The firm’s revenue was down 4.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Medical Properties Trust will post 1.3 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Thursday, September 12th will be issued a $0.26 dividend. This is an increase from Medical Properties Trust’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 5.63%. The ex-dividend date is Wednesday, September 11th. Medical Properties Trust’s payout ratio is presently 75.91%.

In other Medical Properties Trust news, insider R Steven Hamner sold 70,000 shares of Medical Properties Trust stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $17.77, for a total value of $1,243,900.00. Following the completion of the sale, the insider now directly owns 1,312,957 shares in the company, valued at $23,331,245.89. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Emmett E. Mclean sold 100,000 shares of Medical Properties Trust stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $18.37, for a total value of $1,837,000.00. Following the completion of the sale, the insider now owns 1,066,337 shares of the company’s stock, valued at $19,588,610.69. The disclosure for this sale can be found here. Insiders own 1.18% of the company’s stock.

A number of hedge funds have recently modified their holdings of MPW. Vanguard Group Inc. increased its holdings in shares of Medical Properties Trust by 4.4% during the second quarter. Vanguard Group Inc. now owns 59,568,283 shares of the real estate investment trust’s stock valued at $1,038,870,000 after acquiring an additional 2,531,875 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Medical Properties Trust by 3.4% during the first quarter. BlackRock Inc. now owns 44,368,188 shares of the real estate investment trust’s stock valued at $821,255,000 after acquiring an additional 1,459,646 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Medical Properties Trust by 33.1% during the second quarter. Bank of America Corp DE now owns 5,779,755 shares of the real estate investment trust’s stock valued at $100,799,000 after acquiring an additional 1,438,268 shares in the last quarter. Panagora Asset Management Inc. increased its holdings in shares of Medical Properties Trust by 1,670.8% during the second quarter. Panagora Asset Management Inc. now owns 1,461,703 shares of the real estate investment trust’s stock valued at $25,492,000 after acquiring an additional 1,379,158 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Medical Properties Trust by 49.7% during the second quarter. Invesco Ltd. now owns 3,549,049 shares of the real estate investment trust’s stock valued at $61,895,000 after acquiring an additional 1,178,817 shares in the last quarter. Institutional investors and hedge funds own 71.33% of the company’s stock.

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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Analyst Recommendations for Medical Properties Trust (NYSE:MPW)

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