75,253,906 Shares in Medical Properties Trust, Inc. $MPT Bought by BlackRock Inc.

Key Points

• BlackRock acquired 75.3 million shares of Medical Properties Trust during the second quarter, worth approximately $347.7 million and representing about 12.58% of the company. Institutional investors and hedge funds collectively own 71.79% of MPT.
• Medical Properties Trust reported quarterly revenue of $259.28 million, up 7.9% year over year, and earnings of $0.15 per share, in line with analyst expectations.
• The company declared a quarterly dividend of $0.09 per share, equivalent to $0.36 annually and an 8.8% yield. Analysts maintain a cautious outlook, with an average “Reduce” rating and a $4.50 price target.

BlackRock Inc. acquired a new stake in Medical Properties Trust, Inc. (NYSE:MPT - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 75,253,906 shares of the company's stock, valued at approximately $347,673,000. BlackRock Inc. owned about 12.58% of Medical Properties Trust at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Kestra Private Wealth Services LLC purchased a new position in Medical Properties Trust during the 2nd quarter worth $92,000. Nadler Financial Group Inc. purchased a new stake in shares of Medical Properties Trust in the second quarter valued at about $97,000. Ethic Inc. purchased a new stake in shares of Medical Properties Trust in the second quarter valued at about $112,000. Focus Partners Advisor Solutions LLC acquired a new position in shares of Medical Properties Trust during the second quarter worth about $124,000. Finally, Kovack Advisors Inc. acquired a new position in shares of Medical Properties Trust during the second quarter worth about $131,000. 71.79% of the stock is owned by institutional investors and hedge funds.

Medical Properties Trust Stock Performance

Medical Properties Trust stock opened at $4.11 on Wednesday. The firm has a market capitalization of $2.45 billion, a P/E ratio of -68.50 and a beta of 1.41. Medical Properties Trust, Inc. has a one year low of $3.96 and a one year high of $6.47. The firm has a fifty day simple moving average of $4.51. 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 (NYSE:MPT - Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.15 earnings per share for the quarter, hitting analysts' consensus estimates of $0.15. The business 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 firm's revenue was up 7.9% on a year-over-year basis. Sell-side analysts predict that Medical Properties Trust, Inc. will post 0.6 EPS for the current year.

Medical Properties Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 10th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.36 dividend on an annualized basis and a yield of 8.8%. Medical Properties Trust's payout ratio is currently -600.00%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on MPT shares. Royal Bank Of Canada cut their price target on shares of 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. Weiss Ratings cut Medical Properties Trust from a "sell (d+)" rating to a "sell (d)" rating in a research report on Tuesday, August 18th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Reduce" and an average target price of $4.50.

Medical Properties Trust 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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