Ieq Capital LLC Invests $3.62 Million in Medical Properties Trust, Inc. $MPT

Ieq Capital LLC acquired a new position in shares of Medical Properties Trust, Inc. (NYSE:MPT) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 783,911 shares of the company’s stock, valued at approximately $3,622,000.

A number of other hedge funds have also modified their holdings of the company. OneAscent Family Office LLC acquired a new position in Medical Properties Trust during the 2nd quarter worth approximately $49,000. Greenspring Advisors LLC bought a new stake in shares of Medical Properties Trust in the second quarter worth $54,000. Callan Family Office LLC bought a new stake in shares of Medical Properties Trust in the second quarter worth $66,000. Allworth Financial LP acquired a new position in Medical Properties Trust during the second quarter worth $76,000. Finally, Kestra Private Wealth Services LLC acquired a new position in Medical Properties Trust during the second quarter worth $92,000. 71.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on MPT shares. Royal Bank Of Canada lowered their price target on shares of Medical Properties Trust from $5.00 to $4.50 and set a “sector perform” rating on the stock in a research note on Thursday, June 18th. Weiss Ratings lowered Medical Properties Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, August 18th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $4.50.

Medical Properties Trust Trading Up 0.2%

Shares of MPT opened at $4.13 on Tuesday. The company has a debt-to-equity ratio of 2.16, a quick ratio of 3.12 and a current ratio of 3.12. The stock’s fifty day moving average price is $4.53. Medical Properties Trust, Inc. has a 1-year low of $3.96 and a 1-year high of $6.47. The firm has a market capitalization of $2.47 billion, a P/E ratio of -68.83 and a beta of 1.41.

Medical Properties Trust (NYSE:MPT) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.15 EPS for the quarter, meeting analysts’ consensus estimates of $0.15. Medical Properties Trust had a negative net margin of 2.96% and a negative return on equity of 0.66%. The firm had revenue of $259.28 million during the quarter. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. As a group, research analysts forecast that Medical Properties Trust, Inc. will post 0.6 earnings per share for the current year.

Medical Properties Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 10th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 8.7%. The ex-dividend date is Thursday, September 10th. Medical Properties Trust’s dividend payout ratio (DPR) is -600.00%.

Medical Properties Trust Company 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.