Medical Properties Trust (NYSE:MPW) Upgraded by Zacks Investment Research to Buy

Zacks Investment Research upgraded shares of Medical Properties Trust (NYSE:MPW) from a hold rating to a buy rating in a research note issued to investors on Wednesday, Zacks.com reports. They currently have $22.00 price target on the real estate investment trust’s stock.

According to Zacks, “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 allows hospitals and other healthcare facilities to unlock the value of their underlying real estate in order to fund facility improvements, technology upgrades, staff additions and new construction. Facilities include acute care hospitals, inpatient rehabilitation hospitals, long-term acute care hospitals, and other medical and surgical facilities. “

MPW has been the topic of several other research reports. Deutsche Bank upgraded shares of Medical Properties Trust from a hold rating to a buy rating in a research note on Monday, July 29th. ValuEngine downgraded shares of Medical Properties Trust from a buy rating to a hold rating in a research note on Thursday, August 1st. Bank of America started coverage on shares of Medical Properties Trust in a research note on Monday. They issued a neutral rating and a $19.50 target price on the stock. JPMorgan Chase & Co. set a $21.00 target price on shares of Medical Properties Trust and gave the company a buy rating in a research note on Wednesday, September 4th. Finally, Stifel Nicolaus set a $21.00 target price on shares of Medical Properties Trust and gave the company a buy rating in a research note on Monday, August 12th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $20.00.

Shares of NYSE:MPW traded up $0.31 on Wednesday, hitting $19.92. The stock had a trading volume of 998,417 shares, compared to its average volume of 3,370,457. Medical Properties Trust has a twelve month low of $14.46 and a twelve month high of $20.02. The company has a debt-to-equity ratio of 0.99, a quick ratio of 8.00 and a current ratio of 8.00. The firm’s 50 day moving average price is $19.16 and its 200-day moving average price is $18.31. The company has a market capitalization of $8.76 billion, a price-to-earnings ratio of 14.54, a price-to-earnings-growth ratio of 3.75 and a beta of 0.53.

Medical Properties Trust (NYSE:MPW) last issued its earnings results on Thursday, August 1st. The real estate investment trust reported $0.31 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.31. Medical Properties Trust had a net margin of 129.20% and a return on equity of 6.84%. The company had revenue of $192.55 million for the quarter, compared to the consensus estimate of $186.11 million. During the same quarter in the previous year, the company earned $0.36 EPS. The firm’s revenue for the quarter was down 4.6% compared to the same quarter last year. As a group, sell-side analysts predict that Medical Properties Trust will post 1.31 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Thursday, September 12th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.22%. This is a boost from Medical Properties Trust’s previous quarterly dividend of $0.25. The ex-dividend date was Wednesday, September 11th. Medical Properties Trust’s payout ratio is currently 75.91%.

In related news, CEO Edward K. Aldag, Jr. sold 101,964 shares of Medical Properties Trust stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $19.78, for a total value of $2,016,847.92. Following the completion of the transaction, the chief executive officer now directly owns 2,058,820 shares of the company’s stock, valued at $40,723,459.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider R Steven Hamner sold 70,000 shares of Medical Properties Trust stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $17.77, for a total value of $1,243,900.00. Following the completion of the transaction, the insider now directly owns 1,312,957 shares of the company’s stock, valued at $23,331,245.89. The disclosure for this sale can be found here. Insiders sold 349,464 shares of company stock valued at $6,603,573 over the last ninety days. 1.18% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. 6 Meridian raised its holdings in Medical Properties Trust by 2.2% during the 2nd quarter. 6 Meridian now owns 28,528 shares of the real estate investment trust’s stock worth $498,000 after purchasing an additional 606 shares during the last quarter. Campbell Capital Management Inc. raised its holdings in Medical Properties Trust by 0.8% during the 3rd quarter. Campbell Capital Management Inc. now owns 85,100 shares of the real estate investment trust’s stock worth $1,665,000 after purchasing an additional 700 shares during the last quarter. World Asset Management Inc raised its holdings in Medical Properties Trust by 4.0% during the 2nd quarter. World Asset Management Inc now owns 18,492 shares of the real estate investment trust’s stock worth $323,000 after purchasing an additional 718 shares during the last quarter. Claraphi Advisory Network LLC raised its holdings in Medical Properties Trust by 0.7% during the 2nd quarter. Claraphi Advisory Network LLC now owns 100,151 shares of the real estate investment trust’s stock worth $1,747,000 after purchasing an additional 732 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its holdings in Medical Properties Trust by 1.1% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 70,460 shares of the real estate investment trust’s stock worth $1,229,000 after purchasing an additional 760 shares during the last quarter. 71.33% of the stock is owned by institutional investors and hedge funds.

About Medical Properties Trust

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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