Jupiter Topco LLC acquired a new stake in Medical Properties Trust, Inc. (NYSE:MPT – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 236,700 shares of the company’s stock, valued at approximately $1,095,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of MPT. BlackRock Inc. bought a new stake in shares of Medical Properties Trust in the 2nd quarter valued at approximately $347,673,000. Sumitomo Mitsui Trust Group Inc. bought a new position in Medical Properties Trust during the second quarter worth $2,471,000. Ieq Capital LLC bought a new position in Medical Properties Trust during the second quarter worth $3,622,000. Csenge Advisory Group acquired a new position in Medical Properties Trust in the second quarter worth $1,159,000. Finally, Deutsche Bank AG acquired a new position in Medical Properties Trust in the second quarter worth $25,302,000. Institutional investors and hedge funds own 71.79% of the company’s stock.
Medical Properties Trust Stock Down 0.5%
MPT stock opened at $4.02 on Friday. The company has a debt-to-equity ratio of 2.16, a quick ratio of 3.12 and a current ratio of 3.12. Medical Properties Trust, Inc. has a fifty-two week low of $3.89 and a fifty-two week high of $6.47. The business has a 50-day moving average price of $4.44. The firm has a market cap of $2.40 billion, a PE ratio of -67.00 and a beta of 1.40.
Medical Properties Trust Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Thursday, September 10th will be paid a $0.09 dividend. The ex-dividend date is Thursday, September 10th. This represents a $0.36 annualized dividend and a dividend yield of 9.0%. Medical Properties Trust’s dividend payout ratio (DPR) is presently -600.00%.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the stock. Weiss Ratings cut shares of Medical Properties Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, August 18th. Wells Fargo & Company lowered their price objective on shares of Medical Properties Trust from $5.00 to $3.80 and set an “underweight” rating for the company in a research report on Tuesday. Finally, 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 report on Thursday, June 18th. One analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Sell” and an average price target of $4.15.
Read 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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