Jefferies Group LLC upgraded shares of Medical Properties Trust, Inc. (NYSE:MPW) from a hold rating to a buy rating in a research note published on Tuesday, July 4th, StockTargetPrices.com reports.
Several other research analysts have also recently weighed in on the stock. Deutsche Bank AG increased 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. BidaskClub raised shares of Medical Properties Trust from a sell rating to a hold rating in a research note on Saturday, June 10th. ValuEngine cut shares of Medical Properties Trust from a buy rating to a hold rating in a research note on Friday, June 2nd. Royal Bank Of Canada restated a buy rating on shares of Medical Properties Trust in a research report on Monday, May 15th. Finally, Robert W. Baird started coverage on shares of Medical Properties Trust in a research report on Thursday, March 9th. They issued an outperform rating and a $14.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $14.20.
Shares of Medical Properties Trust (MPW) opened at 12.93 on Tuesday. The firm has a 50 day moving average price of $12.99 and a 200-day moving average price of $13.04. Medical Properties Trust has a 52 week low of $11.54 and a 52 week high of $15.74. The firm has a market capitalization of $4.15 billion, a P/E ratio of 15.52 and a beta of 0.89.
Medical Properties Trust (NYSE:MPW) last released its quarterly earnings results on Thursday, May 4th. The real estate investment trust reported $0.33 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.33. The firm had revenue of $156.40 million for the quarter, compared to analysts’ expectations of $156.91 million. Medical Properties Trust had a net margin of 41.79% and a return on equity of 7.94%. The business’s revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.35 EPS. Equities research analysts predict that Medical Properties Trust will post $0.87 EPS for the current fiscal year.
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The business also recently declared a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Thursday, June 15th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 7.42%. The ex-dividend date of this dividend was Tuesday, June 13th. Medical Properties Trust’s dividend payout ratio (DPR) is currently 114.29%.
In other news, CFO R Steven Hamner sold 85,000 shares of the business’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $13.36, for a total transaction of $1,135,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.00% of the company’s stock.
Several large investors have recently bought and sold shares of MPW. Teachers Advisors LLC increased its stake in Medical Properties Trust by 26.8% in the fourth quarter. Teachers Advisors LLC now owns 2,010,316 shares of the real estate investment trust’s stock valued at $24,727,000 after buying an additional 424,494 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in Medical Properties Trust by 13.6% in the fourth quarter. UBS Asset Management Americas Inc. now owns 458,798 shares of the real estate investment trust’s stock valued at $5,642,000 after buying an additional 54,835 shares during the last quarter. Brookfield Asset Management Inc. increased its stake in Medical Properties Trust by 14.1% in the fourth quarter. Brookfield Asset Management Inc. now owns 6,327,840 shares of the real estate investment trust’s stock valued at $77,832,000 after buying an additional 783,540 shares during the last quarter. Norges Bank acquired a new stake in Medical Properties Trust during the fourth quarter valued at approximately $36,638,000. Finally, Numeric Investors LLC acquired a new stake in Medical Properties Trust during the fourth quarter valued at approximately $777,000. 78.48% of the stock is owned by institutional investors.
Medical Properties Trust Company Profile
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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