Massachusetts Financial Services Co. MA grew its position in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 2.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 21,516,682 shares of the real estate investment trust’s stock after buying an additional 448,361 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.06% of Medical Properties Trust worth $320,814,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MPW. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in shares of Medical Properties Trust during the second quarter valued at approximately $104,000. Valeo Financial Advisors LLC bought a new stake in shares of Medical Properties Trust during the second quarter valued at approximately $128,000. Integrated Investment Consultants LLC bought a new stake in shares of Medical Properties Trust during the second quarter valued at approximately $136,000. Investors Asset Management of Georgia Inc. GA ADV bought a new stake in shares of Medical Properties Trust during the second quarter valued at approximately $140,000. Finally, Signaturefd LLC increased its holdings in shares of Medical Properties Trust by 44.0% during the second quarter. Signaturefd LLC now owns 11,349 shares of the real estate investment trust’s stock valued at $159,000 after acquiring an additional 3,468 shares in the last quarter. Hedge funds and other institutional investors own 76.93% of the company’s stock.
Several research firms have recently commented on MPW. Jefferies Financial Group downgraded Medical Properties Trust from a “buy” rating to a “hold” rating and set a $15.00 price objective for the company. in a report on Tuesday, July 17th. Zacks Investment Research downgraded Medical Properties Trust from a “hold” rating to a “sell” rating in a report on Thursday. Finally, JMP Securities set a $16.00 price objective on Medical Properties Trust and gave the company a “buy” rating in a report on Monday, October 1st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. Medical Properties Trust presently has a consensus rating of “Hold” and an average price target of $14.21.
Medical Properties Trust (NYSE:MPW) last announced its earnings results on Thursday, August 2nd. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.06). The company had revenue of $201.90 million for the quarter, compared to analysts’ expectations of $206.72 million. Medical Properties Trust had a net margin of 44.46% and a return on equity of 9.12%. The firm’s quarterly revenue was up 21.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.32 EPS. On average, equities analysts anticipate that Medical Properties Trust, Inc. will post 1.39 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, October 11th. Investors of record on Thursday, September 13th were given a dividend of $0.25 per share. The ex-dividend date was Wednesday, September 12th. This represents a $1.00 annualized dividend and a dividend yield of 6.78%. Medical Properties Trust’s payout ratio is 74.07%.
In related news, Director Michael G. Stewart sold 12,400 shares of Medical Properties Trust stock in a transaction that occurred on Friday, October 12th. The stock was sold at an average price of $14.13, for a total transaction of $175,212.00. Following the transaction, the director now owns 231,039 shares of the company’s stock, valued at $3,264,581.07. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Emmett E. Mclean sold 100,000 shares of Medical Properties Trust stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $14.93, for a total value of $1,493,000.00. Following the transaction, the insider now directly owns 963,965 shares in the company, valued at approximately $14,391,997.45. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 165,809 shares of company stock worth $2,456,679. 0.83% of the stock is owned by insiders.
Medical Properties Trust Profile
Medical Properties Trust, Inc is a self-advised real estate investment trust formed to capitalize on the changing trends in healthcare delivery by acquiring and developing net-leased healthcare facilities. MPT's financing model helps facilitate acquisitions and recapitalizations and allows operators of hospitals and other healthcare facilities to unlock the value of their real estate assets to fund facility improvements, technology upgrades and other investments in operations.
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