Bank of New York Mellon Corp Invests $28.29 Million in Medical Properties Trust, Inc. $MPT

Key Points

• Bank of New York Mellon acquired 6.12 million shares of Medical Properties Trust worth approximately $28.29 million, giving it a 1.02% stake. Institutional investors and hedge funds collectively own 71.79% of MPT.
• Analyst sentiment remains cautious: MPT has an average rating of “Reduce”, with a consensus price target of $4.50 after RBC cut its target from $5.00.
• MPT reported quarterly EPS of $0.15, in line with estimates, while revenue increased 7.9% year over year to $259.28 million. The REIT also declared a quarterly dividend of $0.09, equivalent to an annualized yield of approximately 8.8%.

Bank of New York Mellon Corp acquired a new position in Medical Properties Trust, Inc. (NYSE:MPT - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 6,122,211 shares of the company's stock, valued at approximately $28,285,000. Bank of New York Mellon Corp owned about 1.02% of Medical Properties Trust as of its most recent SEC filing.

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

Analysts Set New Price Targets

MPT has been the topic of a number of recent analyst reports. Weiss Ratings downgraded shares of Medical Properties Trust from a "sell (d+)" rating to a "sell (d)" rating in a research report on Tuesday, August 18th. Royal Bank Of Canada lowered their target price on shares of Medical Properties Trust from $5.00 to $4.50 and set a "sector perform" rating for the company in a research note on Thursday, June 18th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Medical Properties Trust presently has an average rating of "Reduce" and a consensus price target of $4.50.

Medical Properties Trust Price Performance

NYSE:MPT opened at $4.11 on Friday. 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 simple moving average is $4.48. The company 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.

Medical Properties Trust (NYSE:MPT - Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.15. Medical Properties Trust had a negative net margin of 2.96% and a negative return on equity of 0.66%. The firm had revenue of $259.28 million for the quarter. The firm's revenue for the quarter was up 7.9% on a year-over-year basis. On average, equities research analysts expect that Medical Properties Trust, Inc. will post 0.6 earnings per share for the current fiscal year.

Medical Properties Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Thursday, September 10th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 8.8%. The ex-dividend date of this dividend is Thursday, September 10th. Medical Properties Trust's dividend payout ratio (DPR) is currently -600.00%.

About Medical Properties Trust

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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