Amundi Pioneer Asset Management Inc. Purchases New Stake in Medical Properties Trust, Inc. (MPW)
Amundi Pioneer Asset Management Inc. purchased a new position in shares of Medical Properties Trust, Inc. (NYSE:MPW) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 292,799 shares of the real estate investment trust’s stock, valued at approximately $4,035,000. Amundi Pioneer Asset Management Inc. owned about 0.08% of Medical Properties Trust at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of MPW. First Dallas Securities Inc. bought a new position in Medical Properties Trust during the 4th quarter worth approximately $106,000. Ffcm LLC bought a new position in Medical Properties Trust during the 3rd quarter worth approximately $116,000. Assetmark Inc. grew its position in Medical Properties Trust by 485.0% during the 4th quarter. Assetmark Inc. now owns 9,676 shares of the real estate investment trust’s stock worth $133,000 after acquiring an additional 8,022 shares during the last quarter. Mcmillion Capital Management Inc. bought a new position in Medical Properties Trust during the 3rd quarter worth approximately $137,000. Finally, Investors Asset Management of Georgia Inc. GA ADV bought a new position in Medical Properties Trust during the 4th quarter worth approximately $138,000. Institutional investors and hedge funds own 80.89% of the company’s stock.
A number of brokerages have recently weighed in on MPW. Zacks Investment Research lowered Medical Properties Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. JPMorgan Chase & Co. upgraded Medical Properties Trust from an “underweight” rating to a “neutral” rating and set a $14.50 price objective on the stock in a research report on Friday, December 15th. Robert W. Baird lowered Medical Properties Trust from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $15.00 to $13.00 in a research report on Friday, January 5th. Finally, Deutsche Bank lowered Medical Properties Trust from a “buy” rating to a “hold” rating and cut their price objective for the stock from $14.00 to $13.50 in a research report on Wednesday, January 10th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Medical Properties Trust currently has a consensus rating of “Hold” and a consensus target price of $14.28.
Medical Properties Trust (NYSE:MPW) last issued its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $0.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.02. The firm had revenue of $205.00 million for the quarter, compared to analyst estimates of $204.52 million. Medical Properties Trust had a return on equity of 7.85% and a net margin of 41.12%. The business’s quarterly revenue was up 33.7% compared to the same quarter last year. During the same period last year, the company earned $0.31 EPS. equities research analysts anticipate that Medical Properties Trust, Inc. will post 1.43 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 12th. Stockholders of record on Thursday, March 15th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 7.92%. The ex-dividend date of this dividend is Wednesday, March 14th. This is a boost from Medical Properties Trust’s previous quarterly dividend of $0.24. Medical Properties Trust’s dividend payout ratio (DPR) is presently 121.95%.
In other news, Chairman Edward K. Aldag, Jr. sold 489,971 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $12.39, for a total value of $6,070,740.69. Following the completion of the transaction, the chairman now owns 2,192,629 shares in the company, valued at approximately $27,166,673.31. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.00% of the company’s stock.
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Medical Properties Trust Profile
Medical Properties Trust, Inc is a real estate investment trust (REIT). The Company focuses on investing in and owning net-leased healthcare facilities across the United States and selectively in foreign jurisdictions. The Company’s segment is its investments in healthcare real estate, including mortgage and other loans, as well as any equity investments in its tenants.
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