Medical Properties Trust Inc. (MPW) Sees Large Volume Increase
Shares of Medical Properties Trust Inc. (NYSE:MPW) saw unusually-high trading volume on Wednesday . Approximately 4,313,399 shares traded hands during mid-day trading, an increase of 125% from the previous session’s volume of 1,921,079 shares.The stock last traded at $15.27 and had previously closed at $15.24.
MPW has been the topic of several research reports. Deutsche Bank AG initiated coverage on Medical Properties Trust in a report on Friday, July 22nd. They issued a “buy” rating and a $17.00 price target on the stock. TheStreet raised shares of Medical Properties Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, June 21st. Zacks Investment Research raised shares of Medical Properties Trust from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Tuesday, June 7th. SunTrust Banks Inc. started coverage on shares of Medical Properties Trust in a research note on Monday, May 23rd. They set a “buy” rating on the stock. Finally, JMP Securities downgraded shares of Medical Properties Trust from an “outperform” rating to a “market perform” rating in a research note on Friday, July 1st. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $14.07.
The stock has a market cap of $3.64 billion and a P/E ratio of 18.67. The stock’s 50 day moving average is $15.44 and its 200 day moving average is $14.03.
Medical Properties Trust (NYSE:MPW) last released its quarterly earnings results on Thursday, August 4th. The real estate investment trust reported $0.32 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.32. The company had revenue of $126.30 million for the quarter, compared to the consensus estimate of $128.04 million. Medical Properties Trust’s revenue for the quarter was up 26.6% compared to the same quarter last year. During the same period last year, the company earned $0.30 earnings per share. On average, analysts anticipate that Medical Properties Trust Inc. will post $1.30 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 13th. Stockholders of record on Thursday, September 15th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $0.92 annualized dividend and a dividend yield of 6.02%.
In other Medical Properties Trust news, CFO R Steven Hamner sold 68,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 952,558 shares of the company’s stock, valued at $14,040,704.92. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Emmett E. Mclean sold 50,000 shares of the firm’s stock in a transaction that occurred 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 transaction, 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.
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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