Barings LLC increased its position in Medical Properties Trust, Inc. (NYSE:MPW) by 28.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,534,977 shares of the real estate investment trust’s stock after acquiring an additional 339,401 shares during the period. Barings LLC owned about 0.42% of Medical Properties Trust worth $22,887,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp grew its stake in shares of Medical Properties Trust by 10.2% during the second quarter. Bank of New York Mellon Corp now owns 9,096,460 shares of the real estate investment trust’s stock valued at $127,715,000 after buying an additional 840,443 shares during the last quarter. Sandler Capital Management grew its stake in Medical Properties Trust by 9.5% in the second quarter. Sandler Capital Management now owns 70,600 shares of the real estate investment trust’s stock worth $991,000 after purchasing an additional 6,100 shares in the last quarter. Private Advisor Group LLC grew its stake in Medical Properties Trust by 26.5% in the second quarter. Private Advisor Group LLC now owns 60,728 shares of the real estate investment trust’s stock worth $849,000 after purchasing an additional 12,725 shares in the last quarter. Federated Investors Inc. PA boosted its position in Medical Properties Trust by 24.9% during the 2nd quarter. Federated Investors Inc. PA now owns 149,519 shares of the real estate investment trust’s stock valued at $2,099,000 after acquiring an additional 29,802 shares in the last quarter. Finally, Flinton Capital Management LLC boosted its position in Medical Properties Trust by 299.4% during the 2nd quarter. Flinton Capital Management LLC now owns 191,726 shares of the real estate investment trust’s stock valued at $2,692,000 after acquiring an additional 143,718 shares in the last quarter. 76.68% of the stock is owned by institutional investors.
In related news, insider Emmett E. Mclean sold 100,000 shares of the business’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $14.93, for a total transaction of $1,493,000.00. Following the completion of the transaction, the insider now owns 963,965 shares in the company, valued at $14,391,997.45. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Michael G. Stewart sold 12,400 shares of the company’s stock in a transaction on Friday, October 12th. The shares were sold at an average price of $14.13, for a total transaction of $175,212.00. Following the completion of the transaction, the director now owns 231,039 shares of the company’s stock, valued at approximately $3,264,581.07. The disclosure for this sale can be found here. Insiders own 0.83% of the company’s stock.
Medical Properties Trust (NYSE:MPW) last announced its earnings results on Thursday, November 1st. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. The company had revenue of $197.00 million for the quarter, compared to analyst estimates of $192.64 million. Medical Properties Trust had a return on equity of 9.06% and a net margin of 124.88%. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.33 earnings per share. Analysts forecast that Medical Properties Trust, Inc. will post 1.37 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 10th. Shareholders of record on Thursday, December 13th will be paid a $0.25 dividend. The ex-dividend date is Wednesday, December 12th. This represents a $1.00 annualized dividend and a dividend yield of 6.02%. Medical Properties Trust’s dividend payout ratio (DPR) is 74.07%.
Several analysts have recently commented on the company. JMP Securities set a $16.00 price objective on Medical Properties Trust and gave the company a “buy” rating in a report on Monday, October 1st. Zacks Investment Research lowered Medical Properties Trust from a “hold” rating to a “sell” rating in a research note on Thursday, October 25th. Mitsubishi UFJ Financial Group raised their target price on Medical Properties Trust to $15.00 and gave the stock a “neutral” rating in a research note on Friday, November 2nd. Stifel Nicolaus set a $14.00 price objective on Medical Properties Trust and gave the company a “hold” rating in a research note on Thursday, November 1st. Finally, ValuEngine upgraded Medical Properties Trust from a “hold” rating to a “buy” rating in a research report on Saturday, November 10th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $14.19.
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Medical Properties Trust Company Profile
Medical Properties Trust, Inc is a self-advised real estate investment trust formed to capitalize on the changing trends in healthcare delivery by acquiring and developing net-leased healthcare facilities. MPT's financing model helps facilitate acquisitions and recapitalizations and allows operators of hospitals and other healthcare facilities to unlock the value of their real estate assets to fund facility improvements, technology upgrades and other investments in operations.
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