125,604 Shares in Medical Properties Trust, Inc. $MPT Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company bought a new stake in Medical Properties Trust, Inc. (NYSE:MPT) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 125,604 shares of the company’s stock, valued at approximately $580,000.

A number of other hedge funds have also added to or reduced their stakes in MPT. BlackRock Inc. bought a new stake in Medical Properties Trust during the 2nd quarter worth about $347,673,000. Sumitomo Mitsui Trust Group Inc. bought a new position in shares of Medical Properties Trust in the 2nd quarter valued at about $2,471,000. Ieq Capital LLC bought a new position in shares of Medical Properties Trust in the 2nd quarter valued at about $3,622,000. Csenge Advisory Group acquired a new stake in shares of Medical Properties Trust in the second quarter valued at about $1,159,000. Finally, Deutsche Bank AG acquired a new stake in shares of Medical Properties Trust in the second quarter valued at about $25,302,000. Institutional investors own 71.79% of the company’s stock.

Wall Street Analysts Forecast Growth

MPT has been the subject of several recent research reports. Wells Fargo & Company reduced their price target on Medical Properties Trust from $5.00 to $3.80 and set an “underweight” rating for the company 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 decreased 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 note on Thursday, June 18th. One analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Sell” and a consensus price target of $4.15.

Medical Properties Trust Trading Up 0.2%

MPT opened at $4.02 on Monday. The firm has a fifty day simple moving average of $4.44. Medical Properties Trust, Inc. has a 1-year low of $3.89 and a 1-year high of $6.47. The company has a market cap of $2.40 billion, a PE ratio of -67.00 and a beta of 1.40. 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 (NYSE:MPT) last released its quarterly earnings data on Monday, August 10th. The company reported $0.15 EPS for the quarter, hitting analysts’ consensus estimates of $0.15. The firm 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 firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. Equities analysts forecast that Medical Properties Trust, Inc. will post 0.6 earnings per share for the current year.

Medical Properties Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Thursday, September 10th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 9.0%. The ex-dividend date of this dividend is Thursday, September 10th. Medical Properties Trust’s dividend payout ratio is currently -600.00%.

Medical Properties Trust Company 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.