Rhumbline Advisers Buys 155,356 Shares of Medical Properties Trust, Inc. (NYSE:MPW)

Rhumbline Advisers raised its stake in shares of Medical Properties Trust, Inc. (NYSE:MPWGet Rating) by 9.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,783,102 shares of the real estate investment trust’s stock after purchasing an additional 155,356 shares during the quarter. Rhumbline Advisers owned 0.30% of Medical Properties Trust worth $27,228,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Newbridge Financial Services Group Inc. bought a new stake in Medical Properties Trust during the second quarter worth about $27,000. JFS Wealth Advisors LLC bought a new stake in Medical Properties Trust during the second quarter worth about $27,000. Meeder Asset Management Inc. bought a new stake in Medical Properties Trust during the first quarter worth about $29,000. NuWave Investment Management LLC bought a new stake in Medical Properties Trust during the second quarter worth about $29,000. Finally, CNB Bank bought a new stake in Medical Properties Trust during the second quarter worth about $29,000. Institutional investors own 80.34% of the company’s stock.

Medical Properties Trust Trading Up 0.3 %

MPW opened at $12.77 on Thursday. The firm’s fifty day moving average is $11.74 and its two-hundred day moving average is $14.63. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.98 and a current ratio of 1.98. The firm has a market cap of $7.64 billion, a PE ratio of 6.14, a price-to-earnings-growth ratio of 0.70 and a beta of 0.81. Medical Properties Trust, Inc. has a twelve month low of $9.90 and a twelve month high of $24.13.

Medical Properties Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 12th. Shareholders of record on Thursday, December 8th will be issued a $0.29 dividend. The ex-dividend date is Wednesday, December 7th. This represents a $1.16 annualized dividend and a yield of 9.08%. Medical Properties Trust’s dividend payout ratio (DPR) is presently 55.77%.

Wall Street Analysts Forecast Growth

MPW has been the topic of a number of research reports. Barclays reduced their target price on shares of Medical Properties Trust from $23.00 to $19.00 and set an “overweight” rating on the stock in a research report on Friday, October 21st. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Medical Properties Trust from $17.00 to $15.00 and set a “hold” rating on the stock in a research report on Friday, September 16th. Raymond James reduced their target price on shares of Medical Properties Trust from $20.00 to $18.00 and set a “strong-buy” rating on the stock in a research report on Thursday, September 22nd. Royal Bank of Canada reduced their target price on shares of Medical Properties Trust from $20.00 to $18.00 in a research report on Tuesday, October 4th. Finally, StockNews.com started coverage on shares of Medical Properties Trust in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Six analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.45.

Medical Properties Trust Company Profile

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Medical Properties Trust, Inc is a self-advised real estate investment trust formed in 2003 to acquire and develop net-leased hospital facilities. From its inception in Birmingham, Alabama, the Company has grown to become one of the world's largest owners of hospitals with 431 facilities and roughly 43,000 licensed beds in nine countries and across four continents on a pro forma basis.

See Also

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Institutional Ownership by Quarter for Medical Properties Trust (NYSE:MPW)

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