An issue of Medical Properties Trust, Inc. (NYSE:MPW) debt fell 1.2% against its face value during trading on Thursday. The high-yield debt issue has a 5.25% coupon and will mature on August 1, 2026. The bonds in the issue are now trading at $104.50 and were trading at $105.25 last week. Price changes in a company’s debt in credit markets sometimes anticipate parallel changes in its stock price.
A number of research firms have recently commented on MPW. KeyCorp reiterated a “hold” rating on shares of Medical Properties Trust in a research note on Sunday, September 17th. ValuEngine raised Medical Properties Trust from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Zacks Investment Research downgraded Medical Properties Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Jefferies Group reissued a “buy” rating and set a $15.00 target price on shares of Medical Properties Trust in a research report on Tuesday, August 29th. Finally, SunTrust Banks reissued a “buy” rating and set a $15.00 target price on shares of Medical Properties Trust in a research report on Friday, November 3rd. 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 an average price target of $14.18.
Medical Properties Trust, Inc. (NYSE:MPW) traded down $0.04 during mid-day trading on Thursday, reaching $13.52. The company had a trading volume of 2,973,633 shares, compared to its average volume of 3,134,914. Medical Properties Trust, Inc. has a fifty-two week low of $11.88 and a fifty-two week high of $14.22. The firm has a market capitalization of $4,920.00, a P/E ratio of 10.71, a PEG ratio of 1.84 and a beta of 0.96. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.26.
Medical Properties Trust (NYSE:MPW) last released its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The business had revenue of $176.60 million for the quarter, compared to the consensus estimate of $172.57 million. Medical Properties Trust had a return on equity of 7.36% and a net margin of 39.95%. The firm’s revenue for the quarter was up 39.5% compared to the same quarter last year. During the same period last year, the business earned $0.30 earnings per share. research analysts predict that Medical Properties Trust, Inc. will post 1.32 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Thursday, December 7th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 7.10%. The ex-dividend date is Wednesday, December 6th. Medical Properties Trust’s payout ratio is 126.32%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Medical Properties Trust by 6.6% during the second quarter. Vanguard Group Inc. now owns 57,790,855 shares of the real estate investment trust’s stock valued at $743,768,000 after purchasing an additional 3,561,518 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Medical Properties Trust by 9.5% during the third quarter. Bank of New York Mellon Corp now owns 14,803,927 shares of the real estate investment trust’s stock valued at $194,375,000 after purchasing an additional 1,278,480 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Medical Properties Trust by 1.5% during the third quarter. Principal Financial Group Inc. now owns 12,037,765 shares of the real estate investment trust’s stock valued at $158,057,000 after purchasing an additional 178,569 shares in the last quarter. LSV Asset Management boosted its holdings in Medical Properties Trust by 11.9% during the second quarter. LSV Asset Management now owns 5,666,676 shares of the real estate investment trust’s stock valued at $72,930,000 after purchasing an additional 601,200 shares in the last quarter. Finally, Prudential Financial Inc. boosted its holdings in Medical Properties Trust by 28.7% during the third quarter. Prudential Financial Inc. now owns 5,562,595 shares of the real estate investment trust’s stock valued at $73,037,000 after purchasing an additional 1,241,797 shares in the last quarter. 81.35% of the stock is currently owned by institutional investors.
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About Medical Properties Trust
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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