Diversify Wealth Management LLC Makes New Investment in Medical Properties Trust, Inc. $MPT

Diversify Wealth Management LLC bought a new position in Medical Properties Trust, Inc. (NYSE:MPT) in the second quarter, Holdings Channel.com reports. The institutional investor bought 319,232 shares of the company’s stock, valued at approximately $1,529,000.

Several other hedge funds have also modified their holdings of the company. Kestra Private Wealth Services LLC bought a new stake in shares of Medical Properties Trust in the 2nd quarter valued at about $92,000. Nadler Financial Group Inc. bought a new position in shares of Medical Properties Trust during the 2nd quarter worth approximately $97,000. Ethic Inc. bought a new position in shares of Medical Properties Trust during the 2nd quarter worth approximately $112,000. Kovack Advisors Inc. purchased a new stake in Medical Properties Trust during the second quarter valued at approximately $131,000. Finally, Swiss Life Asset Management Ltd purchased a new stake in Medical Properties Trust during the second quarter valued at approximately $135,000. 71.79% of the stock is owned by hedge funds and other institutional investors.

Medical Properties Trust Stock Performance

Shares of MPT stock opened at $4.22 on Friday. Medical Properties Trust, Inc. has a fifty-two week low of $3.99 and a fifty-two week high of $6.47. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of -70.33 and a beta of 1.41. The company has a debt-to-equity ratio of 2.13, a current ratio of 3.11 and a quick ratio of 3.11. The business’s 50-day simple moving average is $4.64.

Medical Properties Trust (NYSE:MPT) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. The firm had revenue of $259.28 million for the quarter. Medical Properties Trust had a negative net margin of 2.96% and a negative return on equity of 0.66%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. As a group, equities analysts forecast that Medical Properties Trust, Inc. will post 0.63 earnings per share for the current year.

Medical Properties Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Thursday, June 18th were paid a dividend of $0.09 per share. The ex-dividend date was Thursday, June 18th. This represents a $0.36 dividend on an annualized basis and a yield of 8.5%. Medical Properties Trust’s dividend payout ratio is presently -171.43%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Weiss Ratings downgraded shares of Medical Properties Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 4th. Royal Bank Of Canada reduced their price target on Medical Properties Trust from $5.00 to $4.50 and set a “sector perform” rating on the stock in a research report on Thursday, June 18th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $4.50.

Medical Properties Trust Company Profile

Medical Properties Trust, Inc (NYSE: MPT) is a real estate investment trust (REIT) that acquires, owns and finances hospitals and other healthcare facilities. Founded in 2003 by Edward K. Aldag Jr., the company’s business model centers on providing real estate capital to healthcare operators through long-term leases, sale-leaseback transactions, build-to-suit developments and mortgage financing. By specializing in healthcare real estate, MPT aims to deliver steady rental income and asset-based returns while enabling operators to access capital for clinical operations and growth.

The company’s portfolio primarily comprises acute care hospitals, inpatient rehabilitation hospitals, long-term acute care facilities, behavioral health centers and other specialty hospitals.