Medical Properties Trust, Inc. $MPT Shares Newly Acquired by State Street Corp

Key Points

• State Street acquired 25.16 million shares of Medical Properties Trust in the second quarter, worth approximately $118.5 million and representing a 4.21% stake. BlackRock and several other institutions also initiated positions, with institutional ownership reaching 71.79%.
• MPT reported quarterly revenue of $259.28 million, up 7.9% year over year, and earnings of $0.15 per share, in line with estimates. The company declared a $0.09 quarterly dividend, equivalent to a 10.0% annualized yield.
• Shares opened at $3.61, near the company’s one-year low, while analysts remain cautious: the consensus rating is “Sell” with an average price target of $4.15.

State Street Corp bought a new position in Medical Properties Trust, Inc. (NYSE:MPT - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 25,162,287 shares of the company's stock, valued at approximately $118,522,000. State Street Corp owned 4.21% of Medical Properties Trust at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in MPT. BlackRock Inc. acquired a new position in Medical Properties Trust in the 2nd quarter worth approximately $347,673,000. Allianz Asset Management GmbH acquired a new stake in Medical Properties Trust during the 2nd quarter valued at $33,903,000. Advisors Capital Management LLC purchased a new stake in shares of Medical Properties Trust in the second quarter valued at $30,483,000. Bank of New York Mellon Corp purchased a new stake in shares of Medical Properties Trust in the second quarter valued at $28,285,000. Finally, Deutsche Bank AG acquired a new stake in shares of Medical Properties Trust in the second quarter worth $25,302,000. 71.79% of the stock is owned by hedge funds and other institutional investors.

Medical Properties Trust Trading Up 0.6%

MPT opened at $3.61 on Friday. The company's fifty day moving average price is $4.17. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 2.16. Medical Properties Trust, Inc. has a 1 year low of $3.36 and a 1 year high of $6.47. The firm has a market capitalization of $2.16 billion, a PE ratio of -60.17 and a beta of 1.40.

Medical Properties Trust (NYSE:MPT - Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.15 earnings per share for the quarter, hitting analysts' consensus estimates of $0.15. The company had revenue of $259.28 million during the quarter. Medical Properties Trust had a negative return on equity of 0.66% and a negative net margin of 2.96%.The firm's revenue was up 7.9% on a year-over-year basis. As a group, sell-side 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 firm also recently disclosed 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. This represents a $0.36 annualized dividend and a yield of 10.0%. The ex-dividend date of this dividend is Thursday, September 10th. Medical Properties Trust's dividend payout ratio (DPR) is presently -600.00%.

Wall Street Analysts Forecast Growth

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

About Medical Properties Trust

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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