Great West Life Assurance Co. Can boosted its stake in Medical Properties Trust, Inc. (NYSE:MPW) by 3.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 246,174 shares of the real estate investment trust’s stock after buying an additional 8,683 shares during the period. Great West Life Assurance Co. Can owned 0.07% of Medical Properties Trust worth $3,164,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MPW. Vanguard Group Inc. increased its position in shares of Medical Properties Trust by 5.3% in the first quarter. Vanguard Group Inc. now owns 54,229,337 shares of the real estate investment trust’s stock worth $699,015,000 after buying an additional 2,705,148 shares during the last quarter. BlackRock Inc. increased its position in shares of Medical Properties Trust by 6,731.8% in the first quarter. BlackRock Inc. now owns 40,047,534 shares of the real estate investment trust’s stock worth $516,212,000 after buying an additional 39,461,340 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Medical Properties Trust by 1.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 18,150,112 shares of the real estate investment trust’s stock worth $233,956,000 after buying an additional 211,209 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Medical Properties Trust by 79.4% in the first quarter. Bank of New York Mellon Corp now owns 12,416,273 shares of the real estate investment trust’s stock worth $160,045,000 after buying an additional 5,493,706 shares during the last quarter. Finally, State Street Corp increased its position in shares of Medical Properties Trust by 7.1% in the first quarter. State Street Corp now owns 12,202,245 shares of the real estate investment trust’s stock worth $157,286,000 after buying an additional 811,784 shares during the last quarter. 82.12% of the stock is currently owned by institutional investors and hedge funds.
Shares of Medical Properties Trust, Inc. (NYSE MPW) opened at 12.51 on Friday. The firm has a 50-day moving average of $12.75 and a 200-day moving average of $13.03. The firm has a market capitalization of $4.38 billion, a PE ratio of 15.29 and a beta of 0.89. Medical Properties Trust, Inc. has a 1-year low of $11.54 and a 1-year high of $15.74.
Medical Properties Trust (NYSE:MPW) last issued its quarterly earnings results on Wednesday, August 9th. The real estate investment trust reported $0.32 earnings per share for the quarter, hitting the consensus estimate of $0.32. The company had revenue of $166.80 million during the quarter, compared to analysts’ expectations of $163.08 million. Medical Properties Trust had a net margin of 42.25% and a return on equity of 7.54%. The business’s quarterly revenue was up 32.1% on a year-over-year basis. During the same period last year, the business earned $0.32 EPS. On average, equities research analysts anticipate that Medical Properties Trust, Inc. will post $0.93 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Thursday, September 14th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, September 13th. This represents a $0.96 annualized dividend and a dividend yield of 7.67%. Medical Properties Trust’s dividend payout ratio is currently 115.66%.
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A number of research analysts recently 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, August 2nd. ValuEngine raised shares of Medical Properties Trust from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. BidaskClub raised shares of Medical Properties Trust from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Stifel Nicolaus reaffirmed a “hold” rating and set a $13.00 price objective on shares of Medical Properties Trust in a research report on Friday, July 28th. Finally, JMP Securities raised shares of Medical Properties Trust from a “market perform” rating to an “outperform” rating and set a $14.00 price objective on the stock in a research report on Monday, July 17th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $14.20.
In other news, CFO R Steven Hamner sold 85,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $13.36, for a total transaction of $1,135,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is owned by company insiders.
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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