Medical Properties Trust, Inc. (MPW) Receives $15.00 Average Target Price from Brokerages
Shares of Medical Properties Trust, Inc. (NYSE:MPW) have been given an average recommendation of “Hold” by the thirteen ratings firms that are covering the stock. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $15.00.
Several equities research analysts have recently commented on MPW shares. Jefferies Group LLC reaffirmed a “hold” rating and set a $16.00 target price on shares of Medical Properties Trust in a report on Thursday, November 3rd. Stifel Nicolaus reduced their target price on Medical Properties Trust from $16.00 to $13.00 and set a “hold” rating for the company in a report on Monday, November 7th. Barclays PLC assumed coverage on Medical Properties Trust in a research note on Tuesday, November 22nd. They issued an “equal weight” rating and a $14.00 price objective for the company. JMP Securities reissued a “hold” rating on shares of Medical Properties Trust in a research note on Monday, November 28th. Finally, Wells Fargo & Company downgraded Medical Properties Trust from a “market perform” rating to an “underperform” rating in a research note on Tuesday, December 13th.
In related news, VP James Kevin Hanna sold 10,000 shares of the stock in a transaction dated Wednesday, January 4th. The stock was sold at an average price of $12.57, for a total value of $125,700.00. Following the completion of the sale, the vice president now directly owns 87,343 shares of the company’s stock, valued at approximately $1,097,901.51. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.44% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in the company. Stifel Financial Corp increased its stake in shares of Medical Properties Trust by 63.1% in the second quarter. Stifel Financial Corp now owns 28,477 shares of the real estate investment trust’s stock valued at $434,000 after buying an additional 11,012 shares in the last quarter. Amalgamated Bank raised its position in shares of Medical Properties Trust by 16.2% in the second quarter. Amalgamated Bank now owns 29,178 shares of the real estate investment trust’s stock valued at $446,000 after buying an additional 4,067 shares during the last quarter. Legal & General Group Plc raised its position in shares of Medical Properties Trust by 12.6% in the second quarter. Legal & General Group Plc now owns 548,308 shares of the real estate investment trust’s stock valued at $8,343,000 after buying an additional 61,269 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its position in shares of Medical Properties Trust by 120.1% in the second quarter. Metropolitan Life Insurance Co. NY now owns 399,247 shares of the real estate investment trust’s stock valued at $6,073,000 after buying an additional 217,845 shares during the last quarter. Finally, Kempen Capital Management N.V. purchased a new position in shares of Medical Properties Trust during the second quarter valued at $1,123,000. 81.89% of the stock is owned by hedge funds and other institutional investors.
Medical Properties Trust (NYSE:MPW) opened at 13.35 on Friday. The company’s 50-day moving average price is $12.75 and its 200 day moving average price is $13.58. Medical Properties Trust has a 52-week low of $10.52 and a 52-week high of $15.91. The firm has a market capitalization of $4.27 billion, a price-to-earnings ratio of 15.52 and a beta of 0.78.
Medical Properties Trust (NYSE:MPW) last announced its earnings results on Thursday, February 9th. The real estate investment trust reported $0.31 EPS for the quarter, beating the consensus estimate of $0.20 by $0.11. Medical Properties Trust had a return on equity of 8.40% and a net margin of 41.59%. The business earned $153.30 million during the quarter, compared to the consensus estimate of $151.13 million. During the same period in the prior year, the business posted $0.35 earnings per share. Medical Properties Trust’s revenue was up 16.6% compared to the same quarter last year. Equities research analysts predict that Medical Properties Trust will post $1.01 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 13th. Investors of record on Thursday, March 16th will be paid a $0.24 dividend. This is an increase from Medical Properties Trust’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 7.19%. Medical Properties Trust’s dividend payout ratio is currently 105.75%.
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Medical Properties Trust Company Profile
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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