Advisors Capital Management LLC bought a new stake in Medical Properties Trust, Inc. (NYSE:MPT - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 6,598,047 shares of the company's stock, valued at approximately $30,483,000. Advisors Capital Management LLC owned approximately 1.10% of Medical Properties Trust as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently bought and sold shares of the company. Asset Management One Co. Ltd. purchased a new stake in shares of Medical Properties Trust during the 2nd quarter valued at about $3,233,000. Kestra Private Wealth Services LLC purchased a new position in Medical Properties Trust in the second quarter worth about $92,000. Kovack Advisors Inc. purchased a new position in Medical Properties Trust in the second quarter worth about $131,000. Oregon Public Employees Retirement Fund bought a new stake in Medical Properties Trust during the second quarter worth approximately $511,000. Finally, Resona Asset Management Co. Ltd. purchased a new stake in Medical Properties Trust during the second quarter valued at approximately $1,004,000. Institutional investors own 71.79% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have recently commented on the company. Royal Bank Of Canada dropped 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. Weiss Ratings downgraded Medical Properties Trust from a "sell (d+)" rating to a "sell (d)" rating in a research report on Tuesday. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus price target of $4.50.
Check Out Our Latest Stock Analysis on Medical Properties Trust
Medical Properties Trust Trading Down 1.7%
Shares of NYSE:MPT opened at $4.09 on Friday. The company has a debt-to-equity ratio of 2.16, a current ratio of 3.12 and a quick ratio of 3.12. Medical Properties Trust, Inc. has a 12 month low of $3.96 and a 12 month high of $6.47. The company has a market cap of $2.44 billion, a P/E ratio of -68.17 and a beta of 1.41. The firm's 50-day moving average price is $4.56.
Medical Properties Trust (NYSE:MPT - Get Free Report) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.15. The business had revenue of $259.28 million during the quarter. Medical Properties Trust had a negative net margin of 2.96% and a negative return on equity of 0.66%. Medical Properties Trust'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 0.6 EPS for the current fiscal year.
Medical Properties Trust Dividend Announcement
The business 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 dividend on an annualized basis and a dividend yield of 8.8%. The ex-dividend date of this dividend is Thursday, September 10th. Medical Properties Trust's payout ratio is currently -600.00%.
Medical Properties Trust Profile
(
Free Report)
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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