BlackRock Inc. acquired a new position in shares of Medical Properties Trust, Inc. (NYSE:MPT – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 75,253,906 shares of the company’s stock, valued at approximately $347,673,000. BlackRock Inc. owned about 0.13% of Medical Properties Trust as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently bought and sold shares of the company. Bank of New York Mellon Corp acquired a new position in shares of Medical Properties Trust during the 2nd quarter worth $28,285,000. Deutsche Bank AG purchased a new position in Medical Properties Trust during the 2nd quarter valued at about $25,302,000. Asset Management One Co. Ltd. acquired a new position in Medical Properties Trust during the second quarter worth about $3,233,000. Sumitomo Mitsui Trust Group Inc. acquired a new position in Medical Properties Trust during the second quarter worth about $2,471,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Medical Properties Trust in the second quarter valued at about $1,905,000. Institutional investors and hedge funds own 71.79% of the company’s stock.
Wall Street Analyst Weigh In
MPT has been the topic of several recent research reports. Weiss Ratings downgraded Medical Properties Trust from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, August 18th. Royal Bank Of Canada decreased their price target on shares of Medical Properties Trust from $5.00 to $4.50 and set a “sector perform” rating on the stock in a report on Thursday, June 18th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Medical Properties Trust currently has a consensus rating of “Reduce” and a consensus target price of $4.50.
Medical Properties Trust Trading Down 0.2%
Shares of Medical Properties Trust stock opened at $4.11 on Wednesday. Medical Properties Trust, Inc. has a twelve month low of $3.96 and a twelve month high of $6.47. The stock has a market cap of $2.45 billion, a PE ratio of -68.50 and a beta of 1.41. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 2.16. The business’s fifty day simple moving average is $4.51.
Medical Properties Trust (NYSE:MPT – Get Free Report) last released its quarterly earnings data on Monday, August 10th. The company reported $0.15 EPS for the quarter, meeting the consensus estimate of $0.15. The company had revenue of $259.28 million for the quarter. Medical Properties Trust had a negative return on equity of 0.66% and a negative net margin of 2.96%.Medical Properties Trust’s revenue was up 7.9% compared to the same quarter last year. Analysts forecast that Medical Properties Trust, Inc. will post 0.6 earnings per share for the current year.
Medical Properties Trust Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 10th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 8.8%. The ex-dividend date is Thursday, September 10th. Medical Properties Trust’s dividend payout ratio (DPR) is presently -600.00%.
About Medical Properties Trust
Medical Properties Trust, Inc (NYSE: MPT) is a real estate investment trust (REIT) that acquires, owns and finances hospitals and other healthcare facilities. Founded in 2003 by Edward K. Aldag Jr., the company’s business model centers on providing real estate capital to healthcare operators through long-term leases, sale-leaseback transactions, build-to-suit developments and mortgage financing. By specializing in healthcare real estate, MPT aims to deliver steady rental income and asset-based returns while enabling operators to access capital for clinical operations and growth.
The company’s portfolio primarily comprises acute care hospitals, inpatient rehabilitation hospitals, long-term acute care facilities, behavioral health centers and other specialty hospitals.
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