Geode Capital Management LLC raised its position in Medical Properties Trust, Inc. (NYSE:MPW) by 2.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,727,853 shares of the real estate investment trust’s stock after purchasing an additional 194,407 shares during the quarter. Geode Capital Management LLC’s holdings in Medical Properties Trust were worth $175,219,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP purchased a new position in shares of Medical Properties Trust in the 2nd quarter worth about $26,000. Bedel Financial Consulting Inc. raised its holdings in shares of Medical Properties Trust by 400.0% in the 2nd quarter. Bedel Financial Consulting Inc. now owns 1,500 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 1,200 shares during the period. Penserra Capital Management LLC grew its stake in shares of Medical Properties Trust by 42.1% in the second quarter. Penserra Capital Management LLC now owns 1,876 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 556 shares in the last quarter. North Star Investment Management Corp. grew its stake in shares of Medical Properties Trust by 290.0% in the second quarter. North Star Investment Management Corp. now owns 1,950 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 1,450 shares in the last quarter. Finally, Smith Asset Management Group LP acquired a new stake in shares of Medical Properties Trust in the second quarter valued at about $40,000. Institutional investors own 78.82% of the company’s stock.
A number of research firms have recently issued reports on MPW. Royal Bank of Canada upgraded Medical Properties Trust from a “sector perform” rating to an “outperform” rating and set a $23.00 target price for the company in a research note on Wednesday, August 11th. They noted that the move was a valuation call. Mizuho reiterated a “buy” rating and issued a $23.00 target price on shares of Medical Properties Trust in a research note on Wednesday, July 14th. Zacks Investment Research lowered Medical Properties Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 5th. Finally, Bank of America lowered Medical Properties Trust from a “buy” rating to a “neutral” rating and set a $21.50 target price for the company. in a research note on Tuesday, July 6th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $23.50.
Medical Properties Trust (NYSE:MPW) last issued its quarterly earnings data on Thursday, July 29th. The real estate investment trust reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.24). Medical Properties Trust had a net margin of 36.89% and a return on equity of 6.63%. On average, analysts anticipate that Medical Properties Trust, Inc. will post 1.75 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 14th. Stockholders of record on Thursday, September 16th will be given a $0.28 dividend. The ex-dividend date is Wednesday, September 15th. This represents a $1.12 annualized dividend and a dividend yield of 5.50%. Medical Properties Trust’s payout ratio is 71.34%.
Medical Properties Trust Profile
Medical Properties Trust, Inc is a self-advised real estate investment trust, which engages in the investment, acquisition, and development of net-leased healthcare facilities. Its property portfolio includes rehabilitation hospitals; long-term acute care hospitals; ambulatory surgery centers; hospitals for women and children; regional and community hospitals; medical office buildings; and other single-discipline facilities.
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