Medical Properties Trust, Inc. (NYSE:MPW) – Equities researchers at SunTrust Banks upped their FY2018 earnings estimates for shares of Medical Properties Trust in a research note issued to investors on Wednesday. SunTrust Banks analyst E. Fleming now anticipates that the real estate investment trust will post earnings of $1.46 per share for the year, up from their previous estimate of $1.40.
Other equities analysts have also issued research reports about the company. Royal Bank Of Canada restated a “buy” rating on shares of Medical Properties Trust in a research note on Monday, May 15th. BidaskClub downgraded Medical Properties Trust from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $16.00 target price (up previously from $15.00) on shares of Medical Properties Trust in a report on Friday, June 9th. ValuEngine raised Medical Properties Trust from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Finally, Zacks Investment Research downgraded Medical Properties Trust from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $14.20.
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Medical Properties Trust (NYSE:MPW) opened at 12.52 on Friday. The company has a market capitalization of $4.38 billion, a P/E ratio of 15.31 and a beta of 0.89. The company has a 50 day moving average price of $12.83 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.
Medical Properties Trust (NYSE:MPW) last issued its quarterly earnings data on Wednesday, August 9th. The real estate investment trust reported $0.32 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.32. Medical Properties Trust had a return on equity of 7.54% and a net margin of 42.25%. The business had revenue of $166.80 million for the quarter, compared to the consensus estimate of $163.08 million. During the same period last year, the business earned $0.32 EPS. The firm’s revenue was up 32.1% compared to the same quarter last year.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Thursday, June 15th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 7.67%. The ex-dividend date of this dividend was Tuesday, June 13th. Medical Properties Trust’s dividend payout ratio is presently 115.66%.
In related news, CFO R Steven Hamner sold 85,000 shares of the firm’s stock in a transaction on Wednesday, June 14th. The stock was 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 SEC, which is accessible through the SEC website. Company insiders own 1.00% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its stake in Medical Properties Trust by 10.2% in the second quarter. Dimensional Fund Advisors LP now owns 4,810,448 shares of the real estate investment trust’s stock valued at $61,911,000 after buying an additional 444,595 shares during the period. Virtu KCG Holdings LLC purchased a new stake in Medical Properties Trust during the second quarter valued at $1,277,000. Teachers Retirement System of The State of Kentucky increased its stake in Medical Properties Trust by 16.6% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 70,380 shares of the real estate investment trust’s stock valued at $906,000 after buying an additional 10,000 shares during the period. Parametric Portfolio Associates LLC increased its stake in Medical Properties Trust by 39.4% in the second quarter. Parametric Portfolio Associates LLC now owns 1,057,443 shares of the real estate investment trust’s stock valued at $13,609,000 after buying an additional 298,842 shares during the period. Finally, Advisor Group Inc. increased its stake in Medical Properties Trust by 10.4% in the second quarter. Advisor Group Inc. now owns 39,226 shares of the real estate investment trust’s stock valued at $473,000 after buying an additional 3,698 shares during the period. 78.48% of the stock is currently 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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