Medical Properties Trust, Inc. (NYSE:MPW) has been assigned an average rating of “Hold” from the fifteen ratings firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $14.25.
Several equities analysts have recently issued reports on MPW shares. Zacks Investment Research raised shares of Medical Properties Trust from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a report on Wednesday, July 19th. Royal Bank Of Canada reissued a “buy” rating and issued a $16.00 price target on shares of Medical Properties Trust in a report on Monday, July 24th. Jefferies Group LLC reissued a “buy” rating and issued a $16.00 price target (up previously from $15.00) on shares of Medical Properties Trust in a report on Friday, June 9th. Deutsche Bank AG boosted their price target on shares of Medical Properties Trust from $13.50 to $15.00 and gave the company a “buy” rating in a report on Tuesday, July 4th. Finally, ValuEngine raised shares of Medical Properties Trust from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd.
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In related news, CFO R Steven Hamner sold 85,000 shares of the company’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $13.36, for a total value of $1,135,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc boosted its stake in Medical Properties Trust by 15.1% in the 1st quarter. IFP Advisors Inc now owns 9,009 shares of the real estate investment trust’s stock worth $116,000 after purchasing an additional 1,182 shares during the period. Blair William & Co. IL acquired a new position in Medical Properties Trust in the 2nd quarter worth $132,000. Neuburgh Advisers LLC boosted its stake in Medical Properties Trust by 6.2% in the 1st quarter. Neuburgh Advisers LLC now owns 10,582 shares of the real estate investment trust’s stock worth $136,000 after purchasing an additional 616 shares during the period. Janus Henderson Group PLC acquired a new position in Medical Properties Trust in the 2nd quarter worth $136,000. Finally, Cetera Investment Advisers acquired a new position in Medical Properties Trust in the 2nd quarter worth $141,000. 85.55% of the stock is owned by hedge funds and other institutional investors.
Medical Properties Trust (NYSE MPW) traded down 0.67% during mid-day trading on Friday, hitting $13.35. The stock had a trading volume of 2,783,925 shares. The company has a market cap of $4.67 billion, a P/E ratio of 16.32 and a beta of 0.88. Medical Properties Trust has a 1-year low of $11.54 and a 1-year high of $15.34. The company has a 50-day moving average price of $12.85 and a 200 day moving average price of $13.02.
Medical Properties Trust (NYSE:MPW) last announced its quarterly earnings results on Wednesday, August 9th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.32. Medical Properties Trust had a net margin of 42.25% and a return on equity of 7.54%. The company had revenue of $166.80 million during the quarter, compared to analyst estimates of $163.08 million. During the same quarter in the previous year, the business earned $0.32 EPS. The firm’s revenue was up 32.1% on a year-over-year basis. Equities research analysts forecast that Medical Properties Trust will post $0.86 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Thursday, September 14th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 7.19%. The ex-dividend date is Wednesday, September 13th. Medical Properties Trust’s payout ratio is presently 115.66%.
About Medical Properties Trust
Medical Properties Trust, Inc is a real estate investment trust (REIT). The Company focuses on investing in and owning net-leased healthcare facilities across the United States and selectively in foreign jurisdictions. The Company’s segment is its investments in healthcare real estate, including mortgage and other loans, as well as any equity investments in its tenants.
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