Sterling Capital Management LLC lowered its stake in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 11.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,258,750 shares of the real estate investment trust’s stock after selling 160,000 shares during the period. Sterling Capital Management LLC owned 0.35% of Medical Properties Trust worth $16,200,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. IFP Advisors Inc lifted its holdings in Medical Properties Trust by 12.1% during the second quarter. IFP Advisors Inc now owns 10,102 shares of the real estate investment trust’s stock worth $130,000 after buying an additional 1,093 shares during the period. Blair William & Co. IL purchased a new stake in Medical Properties Trust during the second quarter worth $132,000. Janus Henderson Group PLC purchased a new stake in Medical Properties Trust during the second quarter worth $136,000. Cutter & CO Brokerage Inc. lifted its holdings in Medical Properties Trust by 10.3% during the second quarter. Cutter & CO Brokerage Inc. now owns 11,081 shares of the real estate investment trust’s stock worth $143,000 after buying an additional 1,031 shares during the period. Finally, Public Employees Retirement Association of Colorado purchased a new stake in Medical Properties Trust during the second quarter worth $147,000. Institutional investors own 83.69% of the company’s stock.
Shares of Medical Properties Trust, Inc. (NYSE:MPW) traded down 1.029% during trading on Friday, hitting $12.985. The stock had a trading volume of 1,563,778 shares. The stock has a market cap of $4.54 billion, a P/E ratio of 15.874 and a beta of 0.88. Medical Properties Trust, Inc. has a one year low of $11.54 and a one year high of $15.04. The stock’s 50 day moving average price is $13.09 and its 200-day moving average price is $13.09.
Medical Properties Trust (NYSE:MPW) last released its quarterly earnings data on Wednesday, August 9th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.32. The business had revenue of $166.80 million during the quarter, compared to analysts’ expectations of $163.08 million. Medical Properties Trust had a net margin of 42.25% and a return on equity of 7.54%. The company’s revenue for the quarter was up 32.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.32 EPS. Analysts expect that Medical Properties Trust, Inc. will post $0.86 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 12th. Stockholders of record on Thursday, September 14th were given a dividend of $0.24 per share. The ex-dividend date was Wednesday, September 13th. This represents a $0.96 annualized dividend and a dividend yield of 7.32%. Medical Properties Trust’s dividend payout ratio (DPR) is currently 115.66%.
A number of research firms have weighed in on MPW. BidaskClub lowered Medical Properties Trust from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. ValuEngine upgraded Medical Properties Trust from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. KeyCorp restated a “hold” rating on shares of Medical Properties Trust in a report on Sunday, September 17th. Zacks Investment Research lowered Medical Properties Trust from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, Royal Bank Of Canada restated a “buy” rating and set a $16.00 target price on shares of Medical Properties Trust in a report on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $14.10.
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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