Resona Asset Management Co. Ltd. Acquires New Stake in Medical Properties Trust, Inc. $MPT

Resona Asset Management Co. Ltd. bought a new position in shares of Medical Properties Trust, Inc. (NYSE:MPT) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 217,327 shares of the company’s stock, valued at approximately $1,004,000.

A number of other institutional investors have also added to or reduced their stakes in MPT. Kestra Private Wealth Services LLC purchased a new stake in shares of Medical Properties Trust in the 2nd quarter valued at about $92,000. Kovack Advisors Inc. bought a new stake in shares of Medical Properties Trust during the 2nd quarter valued at about $131,000. Oregon Public Employees Retirement Fund bought a new stake in shares of Medical Properties Trust during the 2nd quarter valued at about $511,000. Finally, Asset Management One Co. Ltd. purchased a new position in shares of Medical Properties Trust during the second quarter worth about $3,233,000. 71.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Royal Bank Of Canada decreased their price objective on shares of Medical Properties Trust from $5.00 to $4.50 and set a “sector perform” rating on the stock 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 equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $4.50.

Medical Properties Trust Stock Performance

Shares of NYSE:MPT opened at $4.22 on Friday. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of -70.33 and a beta of 1.41. The company has a debt-to-equity ratio of 2.13, a current ratio of 3.11 and a quick ratio of 3.11. Medical Properties Trust, Inc. has a 52-week low of $3.99 and a 52-week high of $6.47. The stock has a fifty day moving average of $4.64.

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

Medical Properties Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 10th will be given a dividend of $0.09 per share. The ex-dividend date is Thursday, September 10th. This represents a $0.36 annualized dividend and a dividend yield of 8.5%. Medical Properties Trust’s dividend payout ratio is -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.