Legal & General Group Plc Acquires New Holdings in Medical Properties Trust, Inc. $MPT

Legal & General Group Plc bought a new position in shares of Medical Properties Trust, Inc. (NYSE:MPT) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 3,441,629 shares of the company’s stock, valued at approximately $15,900,000.

A number of other institutional investors have also recently added to or reduced their stakes in MPT. BlackRock Inc. acquired a new position in Medical Properties Trust in the 2nd quarter valued at approximately $347,673,000. Advisors Capital Management LLC acquired a new position in shares of Medical Properties Trust during the second quarter worth $30,483,000. Bank of New York Mellon Corp bought a new stake in shares of Medical Properties Trust in the second quarter worth $28,285,000. Deutsche Bank AG bought a new stake in shares of Medical Properties Trust in the second quarter worth $25,302,000. Finally, Ieq Capital LLC bought a new stake in shares of Medical Properties Trust in the second quarter worth $3,622,000. 71.79% of the stock is owned by institutional investors.

Medical Properties Trust Stock Performance

Medical Properties Trust stock opened at $4.11 on Monday. The company has a market cap of $2.45 billion, a price-to-earnings ratio of -68.50 and a beta of 1.41. Medical Properties Trust, Inc. has a 52-week low of $3.96 and a 52-week high of $6.47. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 2.16. The stock’s 50 day moving average price is $4.48.

Medical Properties Trust (NYSE:MPT) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. Medical Properties Trust had a negative net margin of 2.96% and a negative return on equity of 0.66%. The company had revenue of $259.28 million during the quarter. The company’s revenue was up 7.9% compared to the same quarter last year. As a group, equities research analysts predict that Medical Properties Trust, Inc. will post 0.6 EPS for the current fiscal year.

Medical Properties Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 10th will be issued a $0.09 dividend. The ex-dividend date is Thursday, September 10th. This represents a $0.36 annualized dividend and a yield of 8.8%. Medical Properties Trust’s payout ratio is presently -600.00%.

Analyst Ratings Changes

MPT has been the subject of several analyst reports. Royal Bank Of Canada lowered their target price on Medical Properties Trust from $5.00 to $4.50 and set a “sector perform” rating for the company in a research report on Thursday, June 18th. Weiss Ratings cut Medical Properties Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, August 18th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently 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.