Sumitomo Mitsui Trust Group Inc. Acquires Shares of 534,803 Medical Properties Trust, Inc. $MPT

Sumitomo Mitsui Trust Group Inc. bought a new position in Medical Properties Trust, Inc. (NYSE:MPT) in the second quarter, Holdings Channel reports. The firm bought 534,803 shares of the company’s stock, valued at approximately $2,471,000.

Several other hedge funds have also recently made changes to their positions in MPT. Kestra Private Wealth Services LLC purchased a new position in shares of Medical Properties Trust during the 2nd quarter valued at $92,000. Nadler Financial Group Inc. bought a new position in shares of Medical Properties Trust during the 2nd quarter worth $97,000. Ethic Inc. purchased a new stake in Medical Properties Trust in the 2nd quarter worth about $112,000. Kovack Advisors Inc. purchased a new stake in Medical Properties Trust in the 2nd quarter worth about $131,000. Finally, Swiss Life Asset Management Ltd bought a new stake in Medical Properties Trust in the 2nd quarter valued at about $135,000. 71.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on MPT. Royal Bank Of Canada dropped 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 report on Thursday, June 18th. Weiss Ratings downgraded shares of Medical Properties Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 4th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Medical Properties Trust presently has a consensus rating of “Reduce” and an average target price of $4.50.

Medical Properties Trust Trading Up 4.2%

Shares of NYSE MPT opened at $4.22 on Friday. Medical Properties Trust, Inc. has a 12 month low of $3.99 and a 12 month high of $6.47. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 2.13. 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 stock’s 50-day simple moving average is $4.64.

Medical Properties Trust (NYSE:MPT) last announced its earnings results on Monday, August 10th. The company reported $0.15 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.15. The business had revenue of $259.28 million for 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 quarterly revenue was up 7.9% compared to the same quarter last year. On average, analysts predict that Medical Properties Trust, Inc. will post 0.63 earnings per share for the current year.

Medical Properties Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 10th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 8.5%. The ex-dividend date of this dividend is Thursday, September 10th. Medical Properties Trust’s payout ratio is currently -600.00%.

About Medical Properties Trust

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.