Medical Properties Trust, Inc. (MPW) Shares Bought by Cardinal Capital Management LLC CT
Cardinal Capital Management LLC CT raised its stake in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 19.7% during the fourth quarter, Holdings Channel reports. The firm owned 4,406,702 shares of the real estate investment trust’s stock after buying an additional 724,898 shares during the period. Medical Properties Trust accounts for approximately 2.3% of Cardinal Capital Management LLC CT’s portfolio, making the stock its 14th largest position. Cardinal Capital Management LLC CT owned about 1.38% of Medical Properties Trust worth $54,202,000 as of its most recent filing with the SEC.
Several other institutional investors have also added to or reduced their stakes in the stock. MCF Advisors LLC boosted its position in Medical Properties Trust by 1.5% in the third quarter. MCF Advisors LLC now owns 8,526 shares of the real estate investment trust’s stock valued at $126,000 after buying an additional 129 shares during the period. Integrated Investment Consultants LLC raised its stake in Medical Properties Trust by 1.4% in the third quarter. Integrated Investment Consultants LLC now owns 9,554 shares of the real estate investment trust’s stock valued at $139,000 after buying an additional 130 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Medical Properties Trust by 0.4% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 39,099 shares of the real estate investment trust’s stock valued at $577,000 after buying an additional 170 shares in the last quarter. National Planning Corp raised its stake in Medical Properties Trust by 0.7% in the fourth quarter. National Planning Corp now owns 46,338 shares of the real estate investment trust’s stock valued at $590,000 after buying an additional 329 shares in the last quarter. Finally, HighTower Advisors LLC raised its stake in Medical Properties Trust by 1.5% in the third quarter. HighTower Advisors LLC now owns 31,308 shares of the real estate investment trust’s stock valued at $464,000 after buying an additional 457 shares in the last quarter. Institutional investors own 81.89% of the company’s stock.
Medical Properties Trust, Inc. (NYSE:MPW) traded up 0.07% during midday trading on Thursday, hitting $13.35. The company had a trading volume of 2,625,747 shares. The company’s 50 day moving average is $12.75 and its 200-day moving average is $13.58. The company has a market cap of $4.27 billion, a P/E ratio of 15.52 and a beta of 0.78. Medical Properties Trust, Inc. has a one year low of $10.52 and a one year high of $15.91.
Medical Properties Trust (NYSE:MPW) last issued its quarterly earnings data on Thursday, February 9th. The real estate investment trust reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.11. Medical Properties Trust had a return on equity of 8.40% and a net margin of 41.59%. The business had revenue of $153.30 million for the quarter, compared to the consensus estimate of $151.13 million. During the same period last year, the business earned $0.35 EPS. The firm’s revenue was up 16.6% compared to the same quarter last year. On average, equities analysts predict that Medical Properties Trust, Inc. will post $1.01 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 13th. Investors of record on Thursday, March 16th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 7.19%. This is an increase from Medical Properties Trust’s previous quarterly dividend of $0.23. Medical Properties Trust’s dividend payout ratio (DPR) is presently 105.75%.
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MPW has been the topic of several research reports. Jefferies Group LLC reissued a “hold” rating and set a $16.00 price target on shares of Medical Properties Trust in a research report on Thursday, November 3rd. Stifel Nicolaus dropped their price target on Medical Properties Trust from $16.00 to $13.00 and set a “hold” rating on the stock in a research report on Monday, November 7th. Barclays PLC initiated coverage on Medical Properties Trust in a research report on Tuesday, November 22nd. They set an “equal weight” rating and a $14.00 price target on the stock. JMP Securities reissued a “hold” rating on shares of Medical Properties Trust in a research report on Monday, November 28th. Finally, Wells Fargo & Company lowered Medical Properties Trust from a “market perform” rating to an “underperform” rating in a research report on Tuesday, December 13th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $14.50.
In related news, VP James Kevin Hanna sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 4th. The stock was sold at an average price of $12.57, for a total value of $125,700.00. Following the transaction, the vice president now directly owns 87,343 shares of the company’s stock, valued at approximately $1,097,901.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.44% of the stock is currently owned by company insiders.
Medical Properties Trust Company Profile
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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