Medical Properties Trust (MPW) Cut to “Hold” at Zacks Investment Research

Zacks Investment Research downgraded shares of Medical Properties Trust (NYSE:MPW) from a buy rating to a hold rating in a report released on Wednesday morning, Zacks.com reports.

According to Zacks, “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 allows hospitals and other healthcare facilities to unlock the value of their underlying real estate in order to fund facility improvements, technology upgrades, staff additions and new construction. Facilities include acute care hospitals, inpatient rehabilitation hospitals, long-term acute care hospitals, and other medical and surgical facilities. “

Several other analysts also recently weighed in on MPW. Deutsche Bank boosted their price objective on shares of Medical Properties Trust from $14.00 to $16.00 and gave the stock a hold rating in a research report on Friday, March 29th. SunTrust Banks downgraded shares of Medical Properties Trust from a buy rating to a hold rating in a research report on Tuesday, December 18th. Mitsubishi UFJ Financial Group upped their price target on shares of Medical Properties Trust to $17.00 and gave the company a neutral rating in a research report on Monday, February 11th. Jefferies Financial Group upgraded shares of Medical Properties Trust from a hold rating to a buy rating and upped their price target for the company from $18.00 to $23.00 in a research report on Wednesday, February 13th. Finally, JPMorgan Chase & Co. upgraded shares of Medical Properties Trust from a neutral rating to an overweight rating in a research report on Wednesday, December 19th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $17.79.

Shares of NYSE:MPW opened at $17.24 on Wednesday. The company has a market cap of $6.39 billion, a PE ratio of 12.58, a P/E/G ratio of 3.66 and a beta of 0.74. The company has a quick ratio of 5.22, a current ratio of 5.22 and a debt-to-equity ratio of 0.89. Medical Properties Trust has a twelve month low of $12.25 and a twelve month high of $18.92.

Medical Properties Trust (NYSE:MPW) last issued its quarterly earnings data on Thursday, February 7th. The real estate investment trust reported $0.31 earnings per share for the quarter, hitting the consensus estimate of $0.31. The business had revenue of $180.60 million during the quarter, compared to the consensus estimate of $179.68 million. Medical Properties Trust had a net margin of 129.59% and a return on equity of 8.83%. The company’s revenue was down 11.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.37 EPS. On average, equities research analysts forecast that Medical Properties Trust will post 1.42 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 14th were given a $0.25 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $1.00 annualized dividend and a yield of 5.80%. Medical Properties Trust’s dividend payout ratio (DPR) is 72.99%.

In related news, VP James Kevin Hanna sold 18,000 shares of the company’s stock in a transaction on Monday, February 11th. The shares were sold at an average price of $18.37, for a total value of $330,660.00. Following the completion of the sale, the vice president now owns 76,318 shares in the company, valued at approximately $1,401,961.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Edward K. Aldag, Jr. sold 273,577 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $18.72, for a total transaction of $5,121,361.44. Following the completion of the sale, the chief executive officer now owns 2,160,784 shares of the company’s stock, valued at approximately $40,449,876.48. The disclosure for this sale can be found here. 0.83% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the business. Advisors Asset Management Inc. grew its stake in shares of Medical Properties Trust by 50.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 37,979 shares of the real estate investment trust’s stock worth $566,000 after purchasing an additional 12,785 shares during the period. Great West Life Assurance Co. Can grew its stake in Medical Properties Trust by 9.8% in the 4th quarter. Great West Life Assurance Co. Can now owns 277,165 shares of the real estate investment trust’s stock valued at $4,182,000 after acquiring an additional 24,717 shares during the last quarter. APG Asset Management N.V. acquired a new stake in Medical Properties Trust in the 4th quarter valued at about $1,730,000. Teachers Advisors LLC grew its stake in Medical Properties Trust by 1.5% in the 3rd quarter. Teachers Advisors LLC now owns 423,527 shares of the real estate investment trust’s stock valued at $6,315,000 after acquiring an additional 6,406 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in Medical Properties Trust by 7.8% in the 3rd quarter. AQR Capital Management LLC now owns 90,155 shares of the real estate investment trust’s stock valued at $1,344,000 after acquiring an additional 6,548 shares during the last quarter. Institutional investors own 79.65% of the company’s stock.

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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