Medical Properties Trust Inc. (MPW) Earns “Hold” Rating from JMP Securities
A number of other research analysts have also recently commented on MPW. BTIG Research initiated coverage on Medical Properties Trust in a report on Thursday, August 25th. They issued a neutral rating on the stock. Wells Fargo & Co. reissued a hold rating on shares of Medical Properties Trust in a report on Sunday, September 4th. Zacks Investment Research raised Medical Properties Trust from a hold rating to a buy rating and set a $16.00 price target on the stock in a report on Wednesday, September 21st. Jefferies Group reissued a hold rating and issued a $16.00 price target on shares of Medical Properties Trust in a report on Thursday, November 3rd. Finally, Stifel Nicolaus lowered their price target on Medical Properties Trust from $16.00 to $13.00 and set a hold rating on the stock in a report on Monday, November 7th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $14.29.
Medical Properties Trust (NYSE:MPW) opened at 11.92 on Monday. The stock has a 50 day moving average of $13.21 and a 200 day moving average of $14.52. Medical Properties Trust has a one year low of $9.61 and a one year high of $15.92. The company has a market cap of $2.94 billion, a PE ratio of 12.04 and a beta of 0.91.
Medical Properties Trust (NYSE:MPW) last announced its quarterly earnings data on Thursday, November 3rd. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.30. The company earned $126.60 million during the quarter, compared to the consensus estimate of $124.33 million. Medical Properties Trust had a return on equity of 10.03% and a net margin of 46.26%. The firm’s revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.32 EPS. On average, analysts anticipate that Medical Properties Trust will post $1.27 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 12th. Stockholders of record on Thursday, December 8th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, December 6th. This represents a $0.92 annualized dividend and a dividend yield of 7.72%. Medical Properties Trust’s dividend payout ratio (DPR) is 93.88%.
Hedge funds have recently added to or reduced their stakes in the stock. MCF Advisors LLC raised its stake in Medical Properties Trust by 1.5% in the third quarter. MCF Advisors LLC now owns 8,526 shares of the real estate investment trust’s stock valued at $126,000 after buying an additional 129 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in Medical Properties Trust by 1.2% in the second quarter. Daiwa Securities Group Inc. now owns 8,500 shares of the real estate investment trust’s stock valued at $129,000 after buying an additional 100 shares during the last quarter. Integrated Investment Consultants LLC raised its stake in Medical Properties Trust by 1.4% in the third quarter. Integrated Investment Consultants LLC now owns 9,554 shares of the real estate investment trust’s stock valued at $139,000 after buying an additional 130 shares during the last quarter. Oakbrook Investments LLC bought a new stake in Medical Properties Trust during the third quarter valued at $148,000. Finally, IFP Advisors Inc raised its stake in Medical Properties Trust by 9.8% in the second quarter. IFP Advisors Inc now owns 9,773 shares of the real estate investment trust’s stock valued at $149,000 after buying an additional 870 shares during the last quarter. Institutional investors own 81.94% of the company’s stock.
About Medical Properties Trust
Medical Properties Trust, Inc is a self-advised real estate investment trust (REIT) focused on investing in and owning net-leased healthcare facilities. It conducts all of its business through MPT Operating Partnership, L.P. It acquires and develops healthcare facilities and leases the facilities to healthcare operating companies under long-term net leases.
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