Medical Properties Trust (NYSE:MPW) Hits New 1-Year High at $20.58

Medical Properties Trust, Inc. (NYSE:MPW) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $20.58 and last traded at $20.48, with a volume of 1027590 shares traded. The stock had previously closed at $20.50.

A number of brokerages recently issued reports on MPW. ValuEngine cut Medical Properties Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Deutsche Bank upgraded Medical Properties Trust from a “hold” rating to a “buy” rating in a report on Monday, July 29th. JPMorgan Chase & Co. set a $21.00 target price on Medical Properties Trust and gave the stock a “buy” rating in a report on Wednesday, September 4th. Barclays set a $22.00 target price on Medical Properties Trust and gave the stock a “buy” rating in a report on Monday. Finally, Zacks Investment Research upgraded Medical Properties Trust from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Wednesday, October 16th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $20.18.

The company has a current ratio of 8.00, a quick ratio of 8.00 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $9.03 billion, a price-to-earnings ratio of 14.99, a PEG ratio of 4.11 and a beta of 0.53. The stock has a fifty day moving average of $19.41 and a 200-day moving average of $18.37.

Medical Properties Trust (NYSE:MPW) last issued its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.31 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.31. Medical Properties Trust had a return on equity of 6.84% and a net margin of 129.20%. The business had revenue of $192.55 million for the quarter, compared to the consensus estimate of $186.11 million. During the same quarter in the previous year, the company posted $0.36 earnings per share. Medical Properties Trust’s revenue for the quarter was down 4.6% compared to the same quarter last year. As a group, equities research analysts forecast that Medical Properties Trust, Inc. will post 1.31 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Thursday, September 12th were issued a dividend of $0.26 per share. This is an increase from Medical Properties Trust’s previous quarterly dividend of $0.25. The ex-dividend date was Wednesday, September 11th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.06%. Medical Properties Trust’s payout ratio is currently 75.91%.

In other news, insider R Steven Hamner sold 70,000 shares of Medical Properties Trust stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $17.77, for a total transaction of $1,243,900.00. Following the transaction, the insider now owns 1,312,957 shares in the company, valued at $23,331,245.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Edward K. Aldag, Jr. sold 101,964 shares of Medical Properties Trust stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $19.78, for a total value of $2,016,847.92. Following the transaction, the chief executive officer now owns 2,058,820 shares in the company, valued at approximately $40,723,459.60. The disclosure for this sale can be found here. Insiders have sold 349,464 shares of company stock worth $6,603,573 in the last quarter. 1.18% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Medical Properties Trust by 4.4% during the second quarter. Vanguard Group Inc. now owns 59,568,283 shares of the real estate investment trust’s stock valued at $1,038,870,000 after buying an additional 2,531,875 shares in the last quarter. BlackRock Inc. boosted its position in Medical Properties Trust by 1.6% during the second quarter. BlackRock Inc. now owns 45,070,249 shares of the real estate investment trust’s stock valued at $786,026,000 after purchasing an additional 702,061 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Medical Properties Trust by 6.3% during the second quarter. Bank of New York Mellon Corp now owns 11,407,543 shares of the real estate investment trust’s stock valued at $198,948,000 after purchasing an additional 676,813 shares during the last quarter. Bank of America Corp DE boosted its position in Medical Properties Trust by 33.1% during the second quarter. Bank of America Corp DE now owns 5,779,755 shares of the real estate investment trust’s stock valued at $100,799,000 after purchasing an additional 1,438,268 shares during the last quarter. Finally, Northern Trust Corp boosted its position in Medical Properties Trust by 2.2% during the second quarter. Northern Trust Corp now owns 5,308,036 shares of the real estate investment trust’s stock valued at $92,572,000 after purchasing an additional 115,719 shares during the last quarter. Institutional investors and hedge funds own 71.35% of the company’s stock.

Medical Properties Trust Company Profile (NYSE:MPW)

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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