Resona Asset Management Co. Ltd. Buys Shares of 217,327 Medical Properties Trust, Inc. $MPT

Resona Asset Management Co. Ltd. purchased a new stake in shares of Medical Properties Trust, Inc. (NYSE:MPT) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 217,327 shares of the company’s stock, valued at approximately $1,004,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Asset Management One Co. Ltd. bought a new position in shares of Medical Properties Trust during the 2nd quarter worth $3,233,000. Kestra Private Wealth Services LLC bought a new stake in Medical Properties Trust in the 2nd quarter valued at about $92,000. Kovack Advisors Inc. bought a new stake in Medical Properties Trust in the 2nd quarter valued at about $131,000. Finally, Oregon Public Employees Retirement Fund purchased a new stake in Medical Properties Trust during the second quarter valued at about $511,000. Institutional investors own 71.79% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on MPT shares. Royal Bank Of Canada cut their target price on shares of Medical Properties Trust from $5.00 to $4.50 and set a “sector perform” rating for the company in a research report on Thursday, June 18th. Weiss Ratings lowered shares of Medical Properties Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 4th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $4.50.

Medical Properties Trust Trading Up 4.2%

Shares of Medical Properties Trust stock opened at $4.22 on Friday. Medical Properties Trust, Inc. has a 12-month low of $3.99 and a 12-month high of $6.47. The stock has a market capitalization of $2.52 billion, a P/E ratio of -70.33 and a beta of 1.41. The company has a debt-to-equity ratio of 2.13, a quick ratio of 3.11 and a current ratio of 3.11. The stock has a 50-day moving average price of $4.64.

Medical Properties Trust (NYSE:MPT) last released its quarterly earnings data on Monday, August 10th. The company reported $0.15 EPS for the quarter, meeting analysts’ consensus estimates of $0.15. The company had revenue of $259.28 million during the quarter. Medical Properties Trust had a negative net margin of 2.96% and a negative return on equity of 0.66%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, sell-side analysts predict that Medical Properties Trust, Inc. will post 0.63 earnings per share for the current year.

Medical Properties Trust Dividend Announcement

The company also recently announced 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 yield of 8.5%. Medical Properties Trust’s dividend payout ratio is currently -600.00%.

Medical Properties Trust Profile

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.