Medical Properties Trust, Inc. (NYSE:MPW) has been assigned an average recommendation of “Hold” from the ten analysts that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $17.64.
MPW has been the topic of a number of analyst reports. Deutsche Bank lifted their price objective on shares of Welltower from $61.00 to $71.00 and gave the company a “hold” rating in a research note on Friday, March 29th. SunTrust Banks upgraded shares of Medical Properties Trust from a “hold” rating to a “buy” rating and lifted their price objective for the company from $19.00 to $20.00 in a research note on Tuesday, July 2nd. Finally, Zacks Investment Research lowered shares of H&E Equipment Services from a “hold” rating to a “sell” rating in a research note on Wednesday.
NYSE MPW traded down $0.71 during mid-day trading on Tuesday, hitting $17.49. The company’s stock had a trading volume of 6,362,314 shares, compared to its average volume of 5,956,988. Medical Properties Trust has a 52-week low of $13.93 and a 52-week high of $18.92. The company has a fifty day moving average price of $18.04. The company has a quick ratio of 9.37, a current ratio of 9.37 and a debt-to-equity ratio of 0.82. The stock has a market cap of $6.90 billion, a price-to-earnings ratio of 12.77, a P/E/G ratio of 3.26 and a beta of 0.59.
Medical Properties Trust (NYSE:MPW) last posted its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.01). The business had revenue of $180.45 million during the quarter, compared to analysts’ expectations of $182.00 million. Medical Properties Trust had a net margin of 131.84% and a return on equity of 7.98%. The company’s quarterly revenue was down 12.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.36 EPS. As a group, research analysts anticipate that Medical Properties Trust will post 1.34 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.72%. The ex-dividend date of this dividend was Wednesday, June 12th. Medical Properties Trust’s payout ratio is currently 72.99%.
In other news, Director Michael G. Stewart sold 6,830 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $18.47, for a total transaction of $126,150.10. Following the completion of the sale, the director now owns 224,615 shares of the company’s stock, valued at $4,148,639.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.18% of the stock is currently owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in the company. First Interstate Bank acquired a new position in Medical Properties Trust in the first quarter worth $32,000. Cascade Investment Advisors Inc. acquired a new position in Medical Properties Trust in the second quarter worth $35,000. Princeton Global Asset Management LLC acquired a new position in Medical Properties Trust in the first quarter worth $37,000. Enterprise Financial Services Corp boosted its holdings in Medical Properties Trust by 1,156.1% in the first quarter. Enterprise Financial Services Corp now owns 2,173 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 2,000 shares during the period. Finally, Icon Wealth Partners LLC acquired a new position in Medical Properties Trust in the first quarter worth $42,000. 80.62% of the stock is owned by institutional investors and hedge funds.
Medical Properties Trust Company Profile
Medical Properties Trust, Inc is a self-advised real estate investment trust formed to capitalize on the changing trends in healthcare delivery by acquiring and developing net-leased healthcare facilities. MPT's financing model helps facilitate acquisitions and recapitalizations and allows operators of hospitals and other healthcare facilities to unlock the value of their real estate assets to fund facility improvements, technology upgrades and other investments in operations.
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