Medical Properties Trust, Inc. (NYSE:MPW) insider Emmett E. Mclean sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 4th. The stock was sold at an average price of $17.40, for a total value of $870,000.00. Following the completion of the sale, the insider now directly owns 913,965 shares of the company’s stock, valued at approximately $15,902,991. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of MPW stock opened at $16.97 on Friday. The company has a quick ratio of 4.92, a current ratio of 4.92 and a debt-to-equity ratio of 0.90. Medical Properties Trust, Inc. has a fifty-two week low of $11.82 and a fifty-two week high of $17.52. The company has a market capitalization of $6.30 billion, a price-to-earnings ratio of 12.57, a P/E/G ratio of 3.21 and a beta of 0.50.
Medical Properties Trust (NYSE:MPW) last announced its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.01. Medical Properties Trust had a return on equity of 9.06% and a net margin of 124.88%. The firm had revenue of $197.00 million during the quarter, compared to the consensus estimate of $192.64 million. During the same quarter in the previous year, the company posted $0.33 earnings per share. The business’s revenue was up 11.6% on a year-over-year basis. On average, equities analysts predict that Medical Properties Trust, Inc. will post 1.37 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 10th. Shareholders of record on Thursday, December 13th will be given a $0.25 dividend. The ex-dividend date is Wednesday, December 12th. This represents a $1.00 annualized dividend and a yield of 5.89%. Medical Properties Trust’s payout ratio is currently 74.07%.
Several brokerages have issued reports on MPW. 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 upped 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. JMP Securities set a $16.00 target price on Medical Properties Trust and gave the stock a “buy” rating in a research note on Monday, October 1st. Stifel Nicolaus set a $14.00 target price on Medical Properties Trust and gave the stock a “hold” rating in a research note on Thursday, November 1st. Finally, ValuEngine raised Medical Properties Trust from a “hold” rating to a “buy” rating in a research note on Saturday, November 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $14.19.
A number of hedge funds have recently made changes to their positions in MPW. Bank of Montreal Can bought a new stake in Medical Properties Trust in the second quarter valued at approximately $1,356,000. Cornerstone Wealth Management LLC bought a new position in shares of Medical Properties Trust during the second quarter valued at approximately $583,000. Aperio Group LLC raised its holdings in shares of Medical Properties Trust by 113.0% during the second quarter. Aperio Group LLC now owns 574,805 shares of the real estate investment trust’s stock valued at $8,070,000 after acquiring an additional 304,919 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its holdings in shares of Medical Properties Trust by 50.0% during the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 16,311 shares of the real estate investment trust’s stock valued at $229,000 after acquiring an additional 5,440 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in shares of Medical Properties Trust by 8.1% during the second quarter. Commonwealth Equity Services LLC now owns 154,311 shares of the real estate investment trust’s stock valued at $2,167,000 after acquiring an additional 11,626 shares in the last quarter. Hedge funds and other institutional investors own 76.59% of the company’s stock.
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About Medical Properties Trust
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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