Ieq Capital LLC bought a new stake 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. The firm bought 783,911 shares of the company's stock, valued at approximately $3,622,000. Ieq Capital LLC owned about 0.13% of Medical Properties Trust at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of MPT. BlackRock Inc. bought a new position in Medical Properties Trust in the second quarter valued at approximately $347,673,000. Advisors Capital Management LLC bought a new position in shares of Medical Properties Trust in the 2nd quarter worth $30,483,000. Bank of New York Mellon Corp acquired a new stake in shares of Medical Properties Trust during the second quarter worth $28,285,000. Deutsche Bank AG bought a new stake in Medical Properties Trust in the second quarter valued at about $25,302,000. Finally, Asset Management One Co. Ltd. acquired a new position in Medical Properties Trust in the second quarter valued at about $3,233,000. 71.79% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of analysts have recently commented on MPT shares. Royal Bank Of Canada lowered their price target on 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. Weiss Ratings lowered shares of Medical Properties Trust from a "sell (d+)" rating to a "sell (d)" rating in a research note on Tuesday, August 18th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Reduce" and an average price target of $4.50.
Read Our Latest Stock Analysis on Medical Properties Trust
Medical Properties Trust Trading Up 0.2%
Shares of Medical Properties Trust stock opened at $4.13 on Tuesday. The firm has a market cap of $2.47 billion, a P/E ratio of -68.83 and a beta of 1.41. Medical Properties Trust, Inc. has a 12 month low of $3.96 and a 12 month 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. The business's fifty day simple moving average is $4.53.
Medical Properties Trust (NYSE:MPT - Get Free Report) last posted its earnings results on Monday, August 10th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.15. Medical Properties Trust had a negative return on equity of 0.66% and a negative net margin of 2.96%.The firm had revenue of $259.28 million during the quarter. Medical Properties Trust's revenue for the quarter was up 7.9% compared to the same quarter last year. Analysts predict that Medical Properties Trust, Inc. will post 0.6 EPS for the current fiscal year.
Medical Properties Trust Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 10th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.36 annualized dividend and a dividend yield of 8.7%. Medical Properties Trust's dividend 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.
See Also
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