Robert W. Baird cut shares of Medical Properties Trust (NYSE:MPW) from an outperform rating to a neutral rating in a research note released on Friday morning. Robert W. Baird currently has $13.00 price objective on the real estate investment trust’s stock, down from their prior price objective of $15.00.
MPW has been the subject of several other reports. Zacks Investment Research raised Medical Properties Trust from a hold rating to a buy rating and set a $15.00 price target for the company in a report on Tuesday, October 24th. ValuEngine raised Medical Properties Trust from a hold rating to a buy rating in a report on Thursday, November 9th. SunTrust Banks reaffirmed a buy rating and set a $15.00 price objective on shares of Medical Properties Trust in a report on Friday, November 3rd. JPMorgan Chase & Co. raised Medical Properties Trust from an underweight rating to a neutral rating and set a $14.50 price objective for the company in a report on Friday, December 15th. Finally, KeyCorp reaffirmed a hold rating on shares of Medical Properties Trust in a report on Sunday, September 17th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. Medical Properties Trust currently has a consensus rating of Hold and a consensus target price of $14.45.
Medical Properties Trust (NYSE:MPW) traded down $0.27 on Friday, hitting $13.28. The stock had a trading volume of 3,511,582 shares, compared to its average volume of 2,050,000. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 1.26. The firm has a market cap of $4,840.00, a PE ratio of 17.47, a P/E/G ratio of 1.67 and a beta of 0.96. Medical Properties Trust has a 1-year low of $11.90 and a 1-year high of $14.22.
Medical Properties Trust (NYSE:MPW) last posted its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.33 EPS for the quarter, beating the consensus estimate of $0.32 by $0.01. The business had revenue of $176.60 million during the quarter, compared to analysts’ expectations of $172.57 million. Medical Properties Trust had a return on equity of 7.36% and a net margin of 39.95%. The company’s quarterly revenue was up 39.5% compared to the same quarter last year. During the same period last year, the firm earned $0.30 EPS. sell-side analysts expect that Medical Properties Trust will post 1.33 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Investors of record on Thursday, December 7th will be issued a dividend of $0.24 per share. The ex-dividend date is Wednesday, December 6th. This represents a $0.96 annualized dividend and a yield of 7.23%. Medical Properties Trust’s dividend payout ratio is presently 126.32%.
A number of hedge funds have recently modified their holdings of MPW. Ffcm LLC acquired a new position in Medical Properties Trust during the third quarter worth $116,000. Blair William & Co. IL acquired a new position in Medical Properties Trust during the second quarter worth $132,000. Janus Henderson Group PLC acquired a new position in Medical Properties Trust during the second quarter worth $136,000. Mcmillion Capital Management Inc. acquired a new position in shares of Medical Properties Trust in the third quarter worth $137,000. Finally, Cetera Investment Advisers acquired a new position in shares of Medical Properties Trust in the second quarter worth $141,000. 81.20% of the stock is owned by hedge funds and other 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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