GSA Capital Partners LLP purchased a new stake in shares of Medical Properties Trust, Inc. (NYSE:MPT – Free Report) in the second quarter, HoldingsChannel reports. The firm purchased 143,249 shares of the company’s stock, valued at approximately $662,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Asset Management One Co. Ltd. purchased a new stake in Medical Properties Trust during the second quarter worth about $3,233,000. Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of Medical Properties Trust in the 2nd quarter valued at $2,471,000. Diversify Wealth Management LLC acquired a new stake in Medical Properties Trust in the second quarter valued at $1,529,000. Resona Asset Management Co. Ltd. acquired a new stake in shares of Medical Properties Trust during the 2nd quarter worth about $1,004,000. Finally, Aberdeen Group plc acquired a new stake in Medical Properties Trust during the second quarter worth approximately $975,000. Hedge funds and other institutional investors own 71.79% of the company’s stock.
Medical Properties Trust Stock Up 3.5%
Medical Properties Trust stock opened at $4.16 on Thursday. Medical Properties Trust, Inc. has a 52 week low of $3.96 and a 52 week high of $6.47. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of -69.33 and a beta of 1.41. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 2.16. The stock has a 50-day simple moving average of $4.58.
Medical Properties Trust Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Thursday, September 10th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 8.7%. The ex-dividend date of this dividend is Thursday, September 10th. Medical Properties Trust’s dividend payout ratio (DPR) is currently -600.00%.
Analyst Ratings Changes
Several research firms have recently weighed in on MPT. Weiss Ratings downgraded Medical Properties Trust from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 4th. Royal Bank Of Canada reduced their target price on shares of Medical Properties Trust from $5.00 to $4.50 and set a “sector perform” rating for the company in a research note on Thursday, June 18th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $4.50.
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.
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