Capital Asset Advisory Services LLC bought a new position in shares of Medical Properties Trust, Inc. (NYSE:MPW) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,617 shares of the real estate investment trust’s stock, valued at approximately $101,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Fieldpoint Private Securities LLC acquired a new position in Medical Properties Trust during the fourth quarter worth $26,000. AdvisorNet Financial Inc increased its holdings in Medical Properties Trust by 80.0% during the fourth quarter. AdvisorNet Financial Inc now owns 1,197 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 532 shares during the last quarter. DB Wealth Management Group LLC acquired a new position in Medical Properties Trust during the fourth quarter worth $30,000. Liberty Wealth Management LLC acquired a new position in Medical Properties Trust during the fourth quarter worth $32,000. Finally, Key Financial Inc acquired a new position in Medical Properties Trust during the fourth quarter worth $35,000. Institutional investors and hedge funds own 80.17% of the company’s stock.
MPW has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of Medical Properties Trust from a “buy” rating to a “hold” rating in a report on Thursday. TheStreet downgraded shares of Medical Properties Trust from a “b” rating to a “c+” rating in a report on Thursday, February 4th. Barclays upped their price objective on shares of Medical Properties Trust from $23.00 to $25.00 and gave the company an “overweight” rating in a report on Monday, February 8th. Truist downgraded shares of Medical Properties Trust from a “buy” rating to a “hold” rating and upped their price objective for the company from $21.00 to $22.00 in a report on Friday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Medical Properties Trust from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Tuesday, December 15th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $22.89.
Medical Properties Trust (NYSE:MPW) last announced its earnings results on Thursday, February 4th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.21). The business had revenue of $333.80 million during the quarter, compared to the consensus estimate of $332.44 million. Medical Properties Trust had a net margin of 38.50% and a return on equity of 6.60%. The company’s revenue was up 30.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.35 EPS. Equities research analysts predict that Medical Properties Trust, Inc. will post 1.57 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 8th. Investors of record on Thursday, March 18th will be given a dividend of $0.28 per share. This is a boost from Medical Properties Trust’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Wednesday, March 17th. This represents a $1.12 annualized dividend and a yield of 5.14%. Medical Properties Trust’s dividend payout ratio is currently 86.15%.
In other news, CAO James Kevin Hanna sold 33,000 shares of the stock in a transaction dated Wednesday, March 17th. The shares were sold at an average price of $21.32, for a total value of $703,560.00. Following the completion of the transaction, the chief accounting officer now owns 69,679 shares of the company’s stock, valued at $1,485,556.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Edward K. Aldag, Jr. sold 710,000 shares of the stock in a transaction dated Tuesday, March 30th. The stock was sold at an average price of $21.21, for a total transaction of $15,059,100.00. Following the completion of the transaction, the chief executive officer now directly owns 3,251,167 shares of the company’s stock, valued at approximately $68,957,252.07. The disclosure for this sale can be found here. Insiders have sold 993,000 shares of company stock valued at $21,385,160 in the last ninety days. 1.18% of the stock is currently owned by company insiders.
About Medical Properties Trust
Medical Properties Trust, Inc is a self-advised real estate investment trust, which engages in the investment, acquisition, and development of net-leased healthcare facilities. Its property portfolio includes rehabilitation hospitals; long-term acute care hospitals; ambulatory surgery centers; hospitals for women and children; regional and community hospitals; medical office buildings; and other single-discipline facilities.
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