Medical Properties Trust Inc. (MPW) Sets New 1-Year High at $15.50
Shares of Medical Properties Trust Inc. (NYSE:MPW) reached a new 52-week high on Tuesday . The stock traded as high as $15.50 and last traded at $15.49, with a volume of 674,583 shares. The stock had previously closed at $15.42.
Several analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Medical Properties Trust from a “strong-buy” rating to a “hold” rating in a report on Tuesday. JMP Securities lowered shares of Medical Properties Trust from an “outperform” rating to a “market perform” rating in a report on Friday, July 1st. TheStreet raised shares of Medical Properties Trust from a “hold” rating to a “buy” rating in a report on Tuesday, June 21st. SunTrust Banks Inc. initiated coverage on shares of Medical Properties Trust in a report on Monday, May 23rd. They issued a “buy” rating for the company. Finally, Jefferies Group raised their price target on shares of Medical Properties Trust to $13.00 and gave the company a “hold” rating in a report on Thursday, April 7th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Medical Properties Trust has an average rating of “Hold” and a consensus target price of $13.58.
The firm has a 50-day moving average of $15.05 and a 200-day moving average of $13.03. The stock has a market cap of $3.72 billion and a P/E ratio of 22.23.
Medical Properties Trust (NYSE:MPW) last posted its quarterly earnings data on Wednesday, May 4th. The real estate investment trust reported $0.35 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.35. The firm earned $135 million during the quarter, compared to the consensus estimate of $131.74 million. During the same period in the prior year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was up 40.6% compared to the same quarter last year. Equities research analysts predict that Medical Properties Trust Inc. will post $1.29 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 14th. Stockholders of record on Thursday, June 16th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.87%. This is a positive change from Medical Properties Trust’s previous quarterly dividend of $0.22. The ex-dividend date was Tuesday, June 14th.
In other news, CFO R Steven Hamner sold 68,000 shares of the company’s stock in a transaction on Tuesday, June 14th. The shares were sold at an average price of $14.74, for a total value of $1,002,320.00. Following the sale, the chief financial officer now directly owns 952,558 shares of the company’s stock, valued at approximately $14,040,704.92. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Emmett E. Mclean sold 50,000 shares of the company’s stock in a transaction on Thursday, June 16th. The shares were sold at an average price of $14.67, for a total transaction of $733,500.00. Following the completion of the sale, the chief operating officer now directly owns 709,252 shares in the company, valued at $10,404,726.84. The disclosure for this sale can be found here.
Other large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Medical Properties Trust by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 34,948,354 shares of the real estate investment trust’s stock worth $402,254,000 after buying an additional 888,524 shares in the last quarter. State of New Jersey Common Pension Fund D raised its position in shares of Medical Properties Trust by 100.0% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 410,000 shares of the real estate investment trust’s stock valued at $4,719,000 after buying an additional 205,000 shares in the last quarter. State of Tennessee Treasury Department bought a new position in shares of Medical Properties Trust during the fourth quarter valued at about $2,090,000. Sei Investments Co. raised its position in shares of Medical Properties Trust by 1,437.1% in the fourth quarter. Sei Investments Co. now owns 185,118 shares of the real estate investment trust’s stock valued at $2,131,000 after buying an additional 173,075 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Medical Properties Trust by 6.1% in the fourth quarter. Victory Capital Management Inc. now owns 2,644,497 shares of the real estate investment trust’s stock valued at $30,439,000 after buying an additional 151,183 shares in the last quarter.
Medical Properties Trust, Inc is a self-advised real estate investment trust (REIT) focused on investing in and owning net-leased healthcare facilities. It conducts all of its business through MPT Operating Partnership, L.P. It acquires and develops healthcare facilities and leases the facilities to healthcare operating companies under long-term net leases.
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