Zacks Investment Research Lowers Medical Properties Trust (NYSE:MPW) to Sell
Zacks Investment Research lowered shares of Medical Properties Trust (NYSE:MPW) from a hold rating to a sell rating in a research report sent to investors on Wednesday, January 3rd.
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 analysts have also commented on the company. ValuEngine upgraded Medical Properties Trust from a hold rating to a buy rating in a research report on Monday, October 2nd. KeyCorp restated a hold rating on shares of Medical Properties Trust in a research note on Sunday, September 17th. JPMorgan Chase & Co. upgraded Medical Properties Trust from an underweight rating to a neutral rating and set a $14.50 price target for the company in a research note on Friday, December 15th. Finally, SunTrust Banks reiterated a buy rating and set a $15.00 target price on shares of Medical Properties Trust in a research report on Friday, November 3rd. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $14.30.
Medical Properties Trust (NYSE:MPW) last issued its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.33 EPS for the quarter, topping the consensus estimate of $0.32 by $0.01. Medical Properties Trust had a return on equity of 7.36% and a net margin of 39.95%. The firm had revenue of $176.60 million during the quarter, compared to analysts’ expectations of $172.57 million. During the same period last year, the business earned $0.30 earnings per share. Medical Properties Trust’s quarterly revenue was up 39.5% compared to the same quarter last year. equities analysts predict that Medical Properties Trust will post 1.33 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, January 11th. Investors of record on Thursday, December 7th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 7.45%. The ex-dividend date of this dividend was Wednesday, December 6th. Medical Properties Trust’s dividend payout ratio (DPR) is 126.32%.
Several hedge funds and other institutional investors have recently bought and sold shares of MPW. Public Employees Retirement Association of Colorado acquired a new stake in Medical Properties Trust during the 2nd quarter worth $147,000. State of Wisconsin Investment Board acquired a new stake in shares of Medical Properties Trust in the 2nd quarter worth $929,000. Blair William & Co. IL acquired a new stake in shares of Medical Properties Trust in the second quarter valued at about $132,000. State Board of Administration of Florida Retirement System lifted its stake in shares of Medical Properties Trust by 161.5% in the second quarter. State Board of Administration of Florida Retirement System now owns 293,253 shares of the real estate investment trust’s stock valued at $3,774,000 after purchasing an additional 181,091 shares during the period. Finally, Federated Investors Inc. PA lifted its stake in shares of Medical Properties Trust by 10.6% in the second quarter. Federated Investors Inc. PA now owns 147,529 shares of the real estate investment trust’s stock valued at $1,899,000 after purchasing an additional 14,140 shares during the period. 81.31% of the stock is currently owned by hedge funds and other institutional investors.
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About Medical Properties Trust
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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