Commerzbank Aktiengesellschaft FI purchased a new stake in Medical Properties Trust, Inc. (NYSE:MPT – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 237,915 shares of the company’s stock, valued at approximately $1,099,000.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Medical Properties Trust during the second quarter valued at $1,905,000. Bank of New York Mellon Corp purchased a new stake in Medical Properties Trust during the 2nd quarter worth about $28,285,000. Focus Partners Advisor Solutions LLC acquired a new position in Medical Properties Trust in the 2nd quarter valued at about $124,000. State of Wyoming acquired a new position in Medical Properties Trust in the 2nd quarter valued at about $388,000. Finally, GSA Capital Partners LLP acquired a new position in Medical Properties Trust in the 2nd quarter valued at about $662,000. 71.79% of the stock is currently owned by hedge funds and other institutional investors.
Medical Properties Trust Stock Down 0.7%
Shares of Medical Properties Trust stock opened at $4.02 on Wednesday. Medical Properties Trust, Inc. has a fifty-two week low of $3.96 and a fifty-two week high of $6.47. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of -67.00 and a beta of 1.41. The business’s fifty day simple moving average is $4.59. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 2.16.
Medical Properties Trust Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 10th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 9.0%. The ex-dividend date is Thursday, September 10th. Medical Properties Trust’s dividend payout ratio is -600.00%.
Analysts Set New Price Targets
Several research firms have issued reports on MPT. Royal Bank Of Canada decreased their price target on shares of Medical Properties Trust from $5.00 to $4.50 and set a “sector perform” rating on the stock in a research note on Thursday, June 18th. Weiss Ratings lowered shares of Medical Properties Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 4th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Medical Properties Trust has a consensus rating of “Reduce” and a consensus price target of $4.50.
Get Our Latest Analysis on MPT
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.
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