Medical Properties Trust, Inc. (NYSE:MPW) Director Michael G. Stewart sold 5,800 shares of the firm’s stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $17.39, for a total value of $100,862.00. Following the sale, the director now owns 225,239 shares in the company, valued at approximately $3,916,906.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of NYSE:MPW opened at $16.97 on Friday. Medical Properties Trust, Inc. has a 12-month low of $11.82 and a 12-month high of $17.52. The stock has a market cap of $6.38 billion, a PE ratio of 12.15, a P/E/G ratio of 3.25 and a beta of 0.50. The company has a current ratio of 4.92, a quick ratio of 4.92 and a debt-to-equity ratio of 0.90.
Medical Properties Trust (NYSE:MPW) last announced its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.01. Medical Properties Trust had a return on equity of 9.06% and a net margin of 124.88%. The firm had revenue of $197.00 million for the quarter, compared to analysts’ expectations of $192.64 million. During the same period last year, the firm earned $0.33 earnings per share. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. As a group, analysts anticipate that Medical Properties Trust, Inc. will post 1.37 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 10th. Stockholders of record on Thursday, December 13th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, December 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.89%. Medical Properties Trust’s dividend payout ratio (DPR) is currently 74.07%.
A number of equities research analysts have weighed in on MPW shares. ValuEngine upgraded Medical Properties Trust from a “hold” rating to a “buy” rating in a research report on Saturday, November 10th. Zacks Investment Research upgraded Medical Properties Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, November 7th. Stifel Nicolaus set a $14.00 price target on Medical Properties Trust and gave the company a “hold” rating in a research report on Thursday, November 1st. JMP Securities set a $16.00 price target on Medical Properties Trust and gave the company a “buy” rating in a research report on Monday, October 1st. Finally, Mitsubishi UFJ Financial Group raised their price target on Medical Properties Trust to $15.00 and gave the company a “neutral” rating in a research report on Friday, November 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $14.19.
Several large investors have recently made changes to their positions in MPW. Bank of Montreal Can bought a new position in shares of Medical Properties Trust during the second quarter valued at about $1,356,000. Cornerstone Wealth Management LLC bought a new position in shares of Medical Properties Trust during the second quarter valued at about $583,000. Aperio Group LLC grew its stake in shares of Medical Properties Trust by 113.0% in the second quarter. Aperio Group LLC now owns 574,805 shares of the real estate investment trust’s stock worth $8,070,000 after purchasing an additional 304,919 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD grew its stake in shares of Medical Properties Trust by 50.0% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 16,311 shares of the real estate investment trust’s stock worth $229,000 after purchasing an additional 5,440 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in shares of Medical Properties Trust by 8.1% in the second quarter. Commonwealth Equity Services LLC now owns 154,311 shares of the real estate investment trust’s stock worth $2,167,000 after purchasing an additional 11,626 shares during the last quarter. 76.59% of the stock is currently owned by hedge funds and other institutional investors.
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Medical Properties Trust Company Profile
Medical Properties Trust, Inc is a self-advised real estate investment trust formed to capitalize on the changing trends in healthcare delivery by acquiring and developing net-leased healthcare facilities. MPT's financing model helps facilitate acquisitions and recapitalizations and allows operators of hospitals and other healthcare facilities to unlock the value of their real estate assets to fund facility improvements, technology upgrades and other investments in operations.
Further Reading: Earnings Per Share
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