State of New Jersey Common Pension Fund D raised its holdings in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 1.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 975,406 shares of the real estate investment trust’s stock after purchasing an additional 17,755 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.17% of Medical Properties Trust worth $20,756,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in the business. Fieldpoint Private Securities LLC bought a new stake in shares of Medical Properties Trust in the 4th quarter worth about $26,000. AdvisorNet Financial Inc lifted its holdings in shares of Medical Properties Trust by 80.0% in the 4th quarter. AdvisorNet Financial Inc now owns 1,197 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 532 shares during the last quarter. DB Wealth Management Group LLC bought a new stake in shares of Medical Properties Trust in the 4th quarter worth about $30,000. Liberty Wealth Management LLC purchased a new position in Medical Properties Trust in the 4th quarter worth about $32,000. Finally, Key Financial Inc purchased a new position in Medical Properties Trust in the 4th quarter worth about $35,000. Institutional investors and hedge funds own 80.17% of the company’s stock.
A number of research analysts have commented on the stock. Zacks Investment Research downgraded shares of Medical Properties Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, April 21st. Barclays raised their target price on shares of Medical Properties Trust from $23.00 to $25.00 and gave the company an “overweight” rating in a research report on Monday, February 8th. KeyCorp raised their price target on shares of Medical Properties Trust from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, January 21st. Truist cut shares of Medical Properties Trust from a “buy” rating to a “hold” rating and raised their price target for the company from $21.00 to $22.00 in a report on Friday, January 22nd. Finally, Royal Bank of Canada cut shares of Medical Properties Trust from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $24.00 to $23.00 in a report on Monday. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $22.90.
Medical Properties Trust (NYSE:MPW) last announced its quarterly earnings results on Thursday, April 29th. The real estate investment trust reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.14). The company had revenue of $362.77 million during the quarter, compared to analysts’ expectations of $347.16 million. Medical Properties Trust had a net margin of 38.50% and a return on equity of 6.60%. The business’s revenue for the quarter was up 23.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.37 earnings per share. As a group, research analysts expect 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 was paid on Thursday, April 8th. Stockholders of record on Thursday, March 18th were issued a $0.28 dividend. This is an increase from Medical Properties Trust’s previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a dividend yield of 5.14%. The ex-dividend date was Wednesday, March 17th. Medical Properties Trust’s dividend payout ratio is presently 86.15%.
In other Medical Properties Trust news, CEO Edward K. Aldag, Jr. sold 710,000 shares of the firm’s stock in a transaction on Tuesday, March 30th. The stock was sold at an average price of $21.21, for a total value of $15,059,100.00. Following the completion of the sale, the chief executive officer now owns 3,251,167 shares of the company’s stock, valued at $68,957,252.07. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO James Kevin Hanna sold 33,000 shares of the firm’s stock in a transaction on 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 approximately $1,485,556.28. The disclosure for this sale can be found here. Insiders sold 993,000 shares of company stock valued at $21,385,160 over the last three months. Corporate insiders own 1.18% of the company’s stock.
Medical Properties Trust Company Profile
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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