Public Employees Retirement System of Ohio acquired a new position in shares of Medical Properties Trust, Inc. (NYSE:MPT – Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 711,321 shares of the company’s stock, valued at approximately $3,286,000. Public Employees Retirement System of Ohio owned approximately 0.12% of Medical Properties Trust as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. OneAscent Family Office LLC acquired a new stake in shares of Medical Properties Trust in the 2nd quarter worth $49,000. Greenspring Advisors LLC acquired a new position in shares of Medical Properties Trust during the 2nd quarter valued at about $54,000. Callan Family Office LLC acquired a new position in shares of Medical Properties Trust during the 2nd quarter valued at about $66,000. Allworth Financial LP purchased a new stake in shares of Medical Properties Trust in the second quarter valued at about $76,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Medical Properties Trust in the second quarter valued at about $81,000. Institutional investors and hedge funds own 71.79% of the company’s stock.
Medical Properties Trust Trading Down 0.5%
Shares of NYSE:MPT opened at $4.02 on Friday. The firm has a market cap of $2.40 billion, a P/E ratio of -67.00 and a beta of 1.40. Medical Properties Trust, Inc. has a 12-month low of $3.89 and a 12-month high of $6.47. The business’s 50-day simple moving average is $4.44. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 2.16.
Medical Properties Trust Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 10th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 9.0%. The ex-dividend date is Thursday, September 10th. Medical Properties Trust’s dividend payout ratio is currently -600.00%.
Analyst Upgrades and Downgrades
A number of brokerages have commented on MPT. Royal Bank Of Canada reduced their target price on shares of Medical Properties Trust from $5.00 to $4.50 and set a “sector perform” rating on the stock in a research note on Thursday, June 18th. Wells Fargo & Company dropped their price target on shares of Medical Properties Trust from $5.00 to $3.80 and set an “underweight” rating for the company in a research note on Tuesday. Finally, Weiss Ratings lowered shares of Medical Properties Trust from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, August 18th. One equities research analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Sell” and a consensus price target of $4.15.
Read Our Latest Research Report on MPT
Medical Properties Trust Profile
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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