Medical Properties Trust, Inc. (NYSE:MPW) Lowered to Hold at Zacks Investment Research

Zacks Investment Research cut shares of Medical Properties Trust, Inc. (NYSE:MPW) from a buy rating to a hold rating in a report published on Wednesday, August 2nd.

According to Zacks, “Medical Properties Trust, Inc. is a Birmingham, Alabama based self-advised real estate investment trust formed to capitalize on the changing trends in healthcare delivery by acquiring and developing net-leased healthcare facilities. These facilities include inpatient rehabilitation hospitals, long-term acute care hospitals, regional and community hospitals, women’s and children’s hospitals, skilled nursing facilities, ambulatory surgery centers, and other single-discipline healthcare facilities, such as heart hospitals, orthopedic hospitals and cancer centers. “

A number of other equities analysts have also recently commented on the company. Jefferies Group LLC upgraded Medical Properties Trust from a hold rating to a buy rating and lifted their target price for the stock from $13.00 to $15.00 in a report on Friday, April 7th. Deutsche Bank AG lifted their target price on Medical Properties Trust from $13.50 to $15.00 and gave the stock a buy rating in a report on Thursday, April 6th. BidaskClub cut Medical Properties Trust from a hold rating to a sell rating in a report on Tuesday, July 11th. Royal Bank Of Canada reiterated a buy rating on shares of Medical Properties Trust in a report on Monday, May 15th. Finally, ValuEngine cut Medical Properties Trust from a buy rating to a hold rating in a report on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. Medical Properties Trust has an average rating of Hold and a consensus price target of $14.20.

Medical Properties Trust (MPW) opened at 12.67 on Wednesday. The stock has a market capitalization of $4.43 billion, a PE ratio of 15.49 and a beta of 0.89. Medical Properties Trust has a 52 week low of $11.54 and a 52 week high of $15.74. The firm has a 50-day moving average price of $12.82 and a 200-day moving average price of $13.04.

Medical Properties Trust (NYSE:MPW) last announced its earnings results on Wednesday, August 9th. The real estate investment trust reported $0.32 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.32. The firm had revenue of $166.80 million during the quarter, compared to analysts’ expectations of $163.08 million. Medical Properties Trust had a return on equity of 8.33% and a net margin of 44.24%. The company’s quarterly revenue was up 32.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.32 EPS. Equities research analysts predict that Medical Properties Trust will post $0.88 EPS for the current fiscal year.

In other Medical Properties Trust news, CFO R Steven Hamner sold 85,000 shares of Medical Properties Trust stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $13.36, for a total transaction of $1,135,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is owned by insiders.

A number of large investors have recently modified their holdings of MPW. IFP Advisors Inc raised its stake in shares of Medical Properties Trust by 15.1% in the first quarter. IFP Advisors Inc now owns 9,009 shares of the real estate investment trust’s stock worth $116,000 after buying an additional 1,182 shares during the period. Blair William & Co. IL purchased a new stake in shares of Medical Properties Trust during the second quarter worth $132,000. Neuburgh Advisers LLC raised its stake in shares of Medical Properties Trust by 6.2% in the first quarter. Neuburgh Advisers LLC now owns 10,582 shares of the real estate investment trust’s stock worth $136,000 after buying an additional 616 shares during the period. Janus Henderson Group PLC purchased a new stake in shares of Medical Properties Trust during the second quarter worth $136,000. Finally, Greenwich Wealth Management LLC purchased a new stake in shares of Medical Properties Trust during the first quarter worth $141,000. 82.12% of the stock is owned by institutional investors and hedge funds.

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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