Medical Properties Trust, Inc. (NYSE:MPW) Shares Bought by Wealthcare Advisory Partners LLC
Wealthcare Advisory Partners LLC raised its holdings in Medical Properties Trust, Inc. (NYSE:MPW) by 18.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,986 shares of the real estate investment trust’s stock after purchasing an additional 1,720 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Medical Properties Trust were worth $203,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. First Interstate Bank acquired a new stake in shares of Medical Properties Trust in the 1st quarter valued at $32,000. Rockefeller Capital Management L.P. acquired a new stake in shares of Medical Properties Trust during the 1st quarter valued at $34,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Medical Properties Trust during the 4th quarter valued at $32,000. Enterprise Financial Services Corp boosted its holdings in shares of Medical Properties Trust by 1,156.1% during the 1st quarter. Enterprise Financial Services Corp now owns 2,173 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Icon Wealth Partners LLC acquired a new stake in shares of Medical Properties Trust during the 1st quarter valued at $42,000. 80.73% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts recently weighed in on the company. Deutsche Bank raised their price objective on Medical Properties Trust from $14.00 to $16.00 and gave the company a “hold” rating in a report on Friday, March 29th. Zacks Investment Research raised Medical Properties Trust from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Tuesday, April 16th. Finally, Jefferies Financial Group raised Medical Properties Trust from a “hold” rating to a “buy” rating and raised their price objective for the company from $18.00 to $23.00 in a report on Wednesday, February 13th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $17.79.
Shares of NYSE MPW traded down $0.14 during mid-day trading on Wednesday, hitting $17.88. 1,124,891 shares of the stock traded hands, compared to its average volume of 3,388,424. The company has a quick ratio of 9.37, a current ratio of 9.37 and a debt-to-equity ratio of 0.82. Medical Properties Trust, Inc. has a twelve month low of $13.56 and a twelve month high of $18.92. The company has a market cap of $7.01 billion, a price-to-earnings ratio of 13.05, a price-to-earnings-growth ratio of 3.39 and a beta of 0.63.
Medical Properties Trust (NYSE:MPW) last released its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.01). The firm had revenue of $180.45 million for the quarter, compared to analyst estimates of $182.00 million. Medical Properties Trust had a net margin of 131.84% and a return on equity of 7.98%. The company’s revenue was down 12.0% compared to the same quarter last year. During the same period last year, the business earned $0.36 EPS. On average, research analysts anticipate that Medical Properties Trust, Inc. will post 1.35 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 13th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 5.59%. The ex-dividend date of this dividend is Wednesday, June 12th. Medical Properties Trust’s payout ratio is presently 72.99%.
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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.
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