Mitsubishi UFJ Asset Management Co. Ltd. Acquires New Position in Medical Properties Trust, Inc. $MPT

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Medical Properties Trust, Inc. (NYSE:MPT) in the second quarter, HoldingsChannel.com reports. The fund acquired 412,361 shares of the company’s stock, valued at approximately $1,905,000.

A number of other institutional investors have also bought and sold shares of MPT. Bank of New York Mellon Corp acquired a new position in shares of Medical Properties Trust during the 2nd quarter worth approximately $28,285,000. Asset Management One Co. Ltd. purchased a new stake in shares of Medical Properties Trust in the second quarter valued at approximately $3,233,000. Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of Medical Properties Trust in the second quarter valued at approximately $2,471,000. Diversify Wealth Management LLC acquired a new stake in shares of Medical Properties Trust in the second quarter valued at approximately $1,529,000. Finally, Resona Asset Management Co. Ltd. purchased a new position in Medical Properties Trust during the second quarter worth approximately $1,004,000. 71.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on MPT shares. Weiss Ratings lowered Medical Properties Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday. Royal Bank Of Canada cut their target price on Medical Properties Trust from $5.00 to $4.50 and set a “sector perform” rating for the company in a research note on Thursday, June 18th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $4.50.

Medical Properties Trust Stock Performance

MPT opened at $4.11 on Friday. The firm has a market capitalization of $2.45 billion, a PE ratio of -68.50 and a beta of 1.41. Medical Properties Trust, Inc. has a one year low of $3.96 and a one year high of $6.47. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 2.16. The firm has a 50 day simple moving average of $4.54.

Medical Properties Trust (NYSE:MPT) last posted its earnings results on Monday, August 10th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.15. Medical Properties Trust had a negative return on equity of 0.66% and a negative net margin of 2.96%.The company had revenue of $259.28 million during the quarter. Medical Properties Trust’s revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, equities research analysts forecast that Medical Properties Trust, Inc. will post 0.6 earnings per share for the current fiscal year.

Medical Properties Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 10th will be issued a dividend of $0.09 per share. The ex-dividend date is Thursday, September 10th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 8.8%. Medical Properties Trust’s dividend payout ratio is currently -600.00%.

About Medical Properties Trust

Medical Properties Trust, Inc (NYSE: MPT) is a real estate investment trust (REIT) that acquires, owns and finances hospitals and other healthcare facilities. Founded in 2003 by Edward K. Aldag Jr., the company’s business model centers on providing real estate capital to healthcare operators through long-term leases, sale-leaseback transactions, build-to-suit developments and mortgage financing. By specializing in healthcare real estate, MPT aims to deliver steady rental income and asset-based returns while enabling operators to access capital for clinical operations and growth.

The company’s portfolio primarily comprises acute care hospitals, inpatient rehabilitation hospitals, long-term acute care facilities, behavioral health centers and other specialty hospitals.