California Public Employees Retirement System raised its stake in Medical Properties Trust, Inc. (NYSE:MPW) by 2.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 831,600 shares of the real estate investment trust’s stock after buying an additional 21,100 shares during the period. California Public Employees Retirement System owned about 0.23% of Medical Properties Trust worth $10,703,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MPW. IFP Advisors Inc lifted its stake in shares of Medical Properties Trust by 12.1% in the 2nd quarter. IFP Advisors Inc now owns 10,102 shares of the real estate investment trust’s stock valued at $130,000 after purchasing an additional 1,093 shares during the period. Blair William & Co. IL acquired a new position in shares of Medical Properties Trust in the 2nd quarter valued at about $132,000. Cutter & CO Brokerage Inc. raised its stake in Medical Properties Trust by 10.3% during the 2nd quarter. Cutter & CO Brokerage Inc. now owns 11,081 shares of the real estate investment trust’s stock worth $143,000 after buying an additional 1,031 shares during the period. Public Employees Retirement Association of Colorado acquired a new position in Medical Properties Trust during the 2nd quarter worth approximately $147,000. Finally, Garrison Bradford & Associates Inc. acquired a new position in Medical Properties Trust during the 2nd quarter worth approximately $154,000. Hedge funds and other institutional investors own 83.69% of the company’s stock.
Shares of Medical Properties Trust, Inc. (MPW) opened at 13.14 on Tuesday. Medical Properties Trust, Inc. has a 52-week low of $11.54 and a 52-week high of $15.04. The firm’s 50 day moving average price is $13.11 and its 200 day moving average price is $13.10. The stock has a market cap of $4.60 billion, a P/E ratio of 16.06 and a beta of 0.88.
Medical Properties Trust (NYSE:MPW) last posted its quarterly earnings results on Wednesday, August 9th. The real estate investment trust reported $0.32 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.32. Medical Properties Trust had a net margin of 42.25% and a return on equity of 7.54%. The firm had revenue of $166.80 million for the quarter, compared to analyst estimates of $163.08 million. During the same period in the previous year, the business posted $0.32 earnings per share. Medical Properties Trust’s quarterly revenue was up 32.1% on a year-over-year basis. On average, analysts expect that Medical Properties Trust, Inc. will post $0.86 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, October 12th. Shareholders of record on Thursday, September 14th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 7.31%. The ex-dividend date of this dividend was Wednesday, September 13th. Medical Properties Trust’s dividend payout ratio (DPR) is presently 115.66%.
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A number of research analysts recently weighed in on the company. KeyCorp reaffirmed a “hold” rating on shares of Medical Properties Trust in a research note on Sunday, September 17th. ValuEngine downgraded Medical Properties Trust from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research raised Medical Properties Trust from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Wednesday, July 19th. Jefferies Group LLC raised Medical Properties Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, July 4th. Finally, Deutsche Bank AG upped their target price on Medical Properties Trust from $13.50 to $15.00 and gave the company a “buy” rating in a report on Tuesday, July 4th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. Medical Properties Trust presently has a consensus rating of “Hold” and a consensus target price of $14.10.
Medical Properties Trust Profile
Medical Properties Trust, Inc is a real estate investment trust (REIT). The Company focuses on investing in and owning net-leased healthcare facilities across the United States and selectively in foreign jurisdictions. The Company’s segment is its investments in healthcare real estate, including mortgage and other loans, as well as any equity investments in its tenants.
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