Corient Private Wealth LP Makes New Investment in Medical Properties Trust, Inc. $MPT

Key Points

• Corient Private Wealth LP acquired 881,795 shares of Medical Properties Trust in the second quarter, worth approximately $4.1 million; institutional investors collectively own 71.79% of the stock.
• Analyst sentiment remains negative, with Medical Properties Trust carrying an average “Sell” rating and an average price target of $4.15 after several brokerages reduced their targets.
• MPT shares opened at $3.39, near their 52-week low, while the company declared a quarterly dividend of $0.09, representing a 10.6% annualized yield.

Corient Private Wealth LP acquired 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 and Exchange Commission. The institutional investor acquired 881,795 shares of the company's stock, valued at approximately $4,082,000. Corient Private Wealth LP owned about 0.15% of Medical Properties Trust at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Amundi increased its holdings in Medical Properties Trust by 1.6% during the 2nd quarter. Amundi now owns 388,683 shares of the company's stock worth $1,796,000 after purchasing an additional 6,252 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Medical Properties Trust in the second quarter valued at about $347,000. Ameritas Advisory Services LLC bought a new stake in Medical Properties Trust in the second quarter valued at about $1,122,000. Wedmont Private Capital acquired a new stake in Medical Properties Trust during the second quarter valued at approximately $200,000. Finally, HB Wealth Management LLC acquired a new stake in Medical Properties Trust during the second quarter valued at approximately $346,000. 71.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on MPT. Wells Fargo & Company lowered their price target on Medical Properties Trust from $5.00 to $3.80 and set an "underweight" rating for the company in a report on Tuesday, September 1st. Weiss Ratings downgraded shares of Medical Properties Trust from a "sell (d+)" rating to a "sell (d)" rating in a report on Tuesday, August 18th. Finally, Royal Bank Of Canada decreased their price objective 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. One analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. 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 Trading Down 5.8%

NYSE:MPT opened at $3.39 on Friday. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of -56.50 and a beta of 1.40. The company's 50 day moving average is $4.26. Medical Properties Trust, Inc. has a 52 week low of $3.36 and a 52 week high of $6.47. 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 (NYSE:MPT - Get Free Report) last announced its quarterly earnings results 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 for the quarter. Medical Properties Trust had a negative return on equity of 0.66% and a negative net margin of 2.96%.Medical Properties Trust's revenue for the quarter was up 7.9% on a year-over-year basis. As a group, analysts predict that Medical Properties Trust, Inc. will post 0.53 EPS for the current fiscal year.

Medical Properties Trust Announces Dividend

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 10.6%. Medical Properties Trust's dividend payout ratio (DPR) is presently -600.00%.

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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