First Citizens Bank & Trust Co. raised its holdings in Medical Properties Trust, Inc. (NYSE:MPW) by 36.9% during the first quarter, HoldingsChannel.com reports. The firm owned 29,544 shares of the real estate investment trust’s stock after purchasing an additional 7,971 shares during the period. First Citizens Bank & Trust Co.’s holdings in Medical Properties Trust were worth $547,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc. raised its position in Medical Properties Trust by 0.9% in the third quarter. Vanguard Group Inc. now owns 52,939,728 shares of the real estate investment trust’s stock valued at $789,331,000 after purchasing an additional 454,630 shares during the period. Vanguard Group Inc raised its position in Medical Properties Trust by 0.9% in the third quarter. Vanguard Group Inc now owns 52,939,728 shares of the real estate investment trust’s stock valued at $789,331,000 after purchasing an additional 454,630 shares during the period. BlackRock Inc. raised its position in Medical Properties Trust by 2.6% in the fourth quarter. BlackRock Inc. now owns 42,908,542 shares of the real estate investment trust’s stock valued at $689,968,000 after purchasing an additional 1,068,099 shares during the period. LSV Asset Management raised its position in Medical Properties Trust by 1.6% in the fourth quarter. LSV Asset Management now owns 10,249,307 shares of the real estate investment trust’s stock valued at $164,808,000 after purchasing an additional 157,100 shares during the period. Finally, Bank of New York Mellon Corp raised its position in Medical Properties Trust by 3.2% in the third quarter. Bank of New York Mellon Corp now owns 9,384,794 shares of the real estate investment trust’s stock valued at $139,929,000 after purchasing an additional 288,334 shares during the period. Institutional investors own 79.61% of the company’s stock.
In related news, CEO Edward K. Aldag, Jr. sold 273,577 shares of the business’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $18.72, for a total transaction of $5,121,361.44. Following the completion of the transaction, the chief executive officer now directly owns 2,160,784 shares of the company’s stock, valued at approximately $40,449,876.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP James Kevin Hanna sold 18,000 shares of the business’s stock in a transaction on Monday, February 11th. The stock was sold at an average price of $18.37, for a total value of $330,660.00. Following the transaction, the vice president now directly owns 76,318 shares of the company’s stock, valued at $1,401,961.66. The disclosure for this sale can be found here. Insiders own 0.83% of the company’s stock.
Shares of NYSE MPW opened at $18.76 on Monday. Medical Properties Trust, Inc. has a twelve month low of $12.25 and a twelve month high of $18.92. The company has a quick ratio of 5.22, a current ratio of 5.22 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $6.95 billion, a PE ratio of 13.69, a PEG ratio of 3.73 and a beta of 0.74.
Medical Properties Trust (NYSE:MPW) last issued its quarterly earnings data on Thursday, February 7th. The real estate investment trust reported $0.31 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.31. Medical Properties Trust had a return on equity of 8.83% and a net margin of 129.59%. The business had revenue of $180.60 million during the quarter, compared to analysts’ expectations of $179.68 million. During the same period in the previous year, the firm posted $0.37 earnings per share. The company’s revenue was down 11.9% on a year-over-year basis. As a group, research analysts anticipate that Medical Properties Trust, Inc. will post 1.42 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 14th were paid a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.33%. Medical Properties Trust’s payout ratio is presently 72.99%.
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Medical Properties Trust Company 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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