Bank of America Corp DE Makes New $8.06 Million Investment in Medical Properties Trust, Inc. $MPT

Key Points

• Bank of America initiated an $8.06 million position in Medical Properties Trust during the second quarter, buying 1.74 million shares and acquiring a 0.29% stake. Institutional investors collectively own 71.79% of the company.
• Medical Properties Trust reported quarterly revenue of $259.28 million, up 7.9% year over year, and earnings of $0.15 per share, matching analysts’ estimates.
• The stock opened at $3.58, while analysts maintain a predominantly negative outlook with an average “Sell” rating and a $4.15 price target. The company’s $0.09 quarterly dividend implies a 10.1% annualized yield.

Bank of America Corp DE purchased a new position 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 and Exchange Commission (SEC). The institutional investor purchased 1,744,452 shares of the company's stock, valued at approximately $8,059,000. Bank of America Corp DE owned 0.29% of Medical Properties Trust as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently modified their holdings of the business. OneAscent Family Office LLC purchased a new stake in Medical Properties Trust in the second quarter worth $49,000. Greenspring Advisors LLC bought a new position in Medical Properties Trust in the second quarter worth $54,000. Callan Family Office LLC purchased a new position in Medical Properties Trust during the second quarter valued at $66,000. Allworth Financial LP purchased a new position in Medical Properties Trust during the second quarter valued at $76,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of Medical Properties Trust during the 2nd quarter valued at $81,000. Institutional investors own 71.79% of the company's stock.

Medical Properties Trust Stock Performance

Shares of NYSE:MPT opened at $3.58 on Friday. The stock has a 50-day moving average price of $4.15. The company has a debt-to-equity ratio of 2.16, a current ratio of 3.12 and a quick ratio of 3.12. The stock has a market capitalization of $2.14 billion, a PE ratio of -59.67 and a beta of 1.40. Medical Properties Trust, Inc. has a 52-week low of $3.36 and a 52-week high of $6.47.

Medical Properties Trust (NYSE:MPT - Get Free Report) last released its quarterly earnings results 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 business had revenue of $259.28 million for the quarter. The company's 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 0.53 earnings per share for the current fiscal year.

Medical Properties Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 10th will be given a dividend of $0.09 per share. The ex-dividend date is Thursday, September 10th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 10.1%. Medical Properties Trust's dividend payout ratio is currently -600.00%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Royal Bank Of Canada reduced their target price on shares of Medical Properties Trust from $5.00 to $4.50 and set a "sector perform" rating on the stock in a research report on Thursday, June 18th. Weiss Ratings cut shares of Medical Properties Trust from a "sell (d+)" rating to a "sell (d)" rating in a research report on Tuesday, August 18th. Finally, Wells Fargo & Company dropped their price objective on shares of Medical Properties Trust from $5.00 to $3.80 and set an "underweight" rating on the stock in a research note on Tuesday, September 1st. One analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Medical Properties Trust currently has an average rating of "Sell" and an average target price of $4.15.

Medical Properties Trust Company Profile

Medical Properties Trust, Inc NYSE: MPT is a real estate investment trust focused on healthcare facilities. The company acquires, develops, owns and leases properties used by healthcare providers, with an emphasis on hospitals and other facilities that deliver essential medical services.

Medical Properties Trust has historically invested primarily in acute-care hospitals, behavioral health facilities, inpatient rehabilitation hospitals and other specialized healthcare properties. Its real estate is generally leased to hospital and healthcare operators under long-term arrangements, while its investments have also included mortgage loans and other healthcare-related financing.

Founded in 2003 and headquartered in Birmingham, Alabama, Medical Properties Trust has built a portfolio spanning the United States and selected international markets, including the United Kingdom and other parts of Europe.

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