Wedbush Securities Inc. Sells 5,969 Shares of Medical Properties Trust, Inc. (MPW)
Wedbush Securities Inc. lessened its stake in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 30.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 13,638 shares of the real estate investment trust’s stock after selling 5,969 shares during the period. Wedbush Securities Inc.’s holdings in Medical Properties Trust were worth $179,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in MPW. IFP Advisors Inc lifted its position in shares of Medical Properties Trust by 12.1% during the 2nd quarter. IFP Advisors Inc now owns 10,102 shares of the real estate investment trust’s stock valued at $130,000 after acquiring an additional 1,093 shares during the last quarter. Blair William & Co. IL acquired a new stake in shares of Medical Properties Trust during the 2nd quarter valued at $132,000. Janus Henderson Group PLC acquired a new stake in shares of Medical Properties Trust during the 2nd quarter valued at $136,000. Cetera Investment Advisers acquired a new stake in shares of Medical Properties Trust during the 2nd quarter valued at $141,000. Finally, Cutter & CO Brokerage Inc. lifted its position in shares of Medical Properties Trust by 10.3% during the 2nd quarter. Cutter & CO Brokerage Inc. now owns 11,081 shares of the real estate investment trust’s stock valued at $143,000 after acquiring an additional 1,031 shares during the last quarter. Institutional investors own 84.01% of the company’s stock.
A number of equities research analysts have recently commented on the company. SunTrust Banks, Inc. reiterated a “buy” rating and set a $15.00 price objective on shares of Medical Properties Trust in a research report on Friday, November 3rd. Zacks Investment Research upgraded Medical Properties Trust from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Tuesday, October 24th. KeyCorp reiterated a “hold” rating on shares of Medical Properties Trust in a research report on Sunday, September 17th. ValuEngine lowered Medical Properties Trust from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Stifel Nicolaus restated a “hold” rating and issued a $13.00 target price on shares of Medical Properties Trust in a report on Friday, July 28th. Two analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. Medical Properties Trust currently has a consensus rating of “Hold” and an average price target of $14.18.
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Medical Properties Trust, Inc. (NYSE MPW) opened at $13.69 on Wednesday. Medical Properties Trust, Inc. has a one year low of $11.54 and a one year high of $14.22. The company has a quick ratio of 2.06, a current ratio of 2.55 and a debt-to-equity ratio of 1.26. The firm has a market cap of $4,980.00, a price-to-earnings ratio of 10.56, a PEG ratio of 2.02 and a beta of 0.95.
Medical Properties Trust (NYSE:MPW) last posted its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.01. Medical Properties Trust had a net margin of 39.95% and a return on equity of 7.36%. The business had revenue of $176.60 million for the quarter, compared to the consensus estimate of $172.57 million. During the same period in the prior year, the business posted $0.30 earnings per share. Medical Properties Trust’s revenue for the quarter was up 39.5% compared to the same quarter last year. research analysts predict that Medical Properties Trust, Inc. will post 1.31 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 12th. Stockholders of record on Thursday, September 14th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 7.01%. The ex-dividend date of this dividend was Wednesday, September 13th. Medical Properties Trust’s dividend payout ratio (DPR) is presently 118.52%.
Medical Properties Trust Company 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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