Medical Properties Trust, Inc. (NYSE:MPW) issued its quarterly earnings results on Wednesday, August 9th. The real estate investment trust reported $0.32 earnings per share for the quarter, meeting the consensus estimate of $0.32, Briefing.com reports. Medical Properties Trust had a return on equity of 7.54% and a net margin of 42.25%. The firm had revenue of $166.80 million during the quarter, compared to the consensus estimate of $163.08 million. During the same period last year, the company earned $0.32 earnings per share. The company’s revenue was up 32.1% on a year-over-year basis. Medical Properties Trust updated its FY17 guidance to $1.29-1.31 EPS and its FY18 guidance to $1.42-1.46 EPS.
Medical Properties Trust (NYSE MPW) traded down 0.79% during midday trading on Friday, reaching $12.51. The company had a trading volume of 2,378,049 shares. The firm has a 50-day moving average of $12.75 and a 200 day moving average of $13.03. The company has a market capitalization of $4.38 billion, a P/E ratio of 15.29 and a beta of 0.89. Medical Properties Trust has a 1-year low of $11.54 and a 1-year high of $15.74.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Thursday, September 14th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, September 13th. This represents a $0.96 annualized dividend and a yield of 7.67%. Medical Properties Trust’s payout ratio is 115.66%.
Large investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc boosted its stake in Medical Properties Trust by 15.1% in the first quarter. IFP Advisors Inc now owns 9,009 shares of the real estate investment trust’s stock worth $116,000 after buying an additional 1,182 shares during the period. Blair William & Co. IL acquired a new stake in Medical Properties Trust during the second quarter worth approximately $132,000. Neuburgh Advisers LLC boosted its stake in Medical Properties Trust by 6.2% in the first quarter. Neuburgh Advisers LLC now owns 10,582 shares of the real estate investment trust’s stock worth $136,000 after buying an additional 616 shares during the period. Janus Henderson Group PLC acquired a new stake in Medical Properties Trust during the second quarter worth approximately $136,000. Finally, Greenwich Wealth Management LLC purchased a new position in shares of Medical Properties Trust during the first quarter worth $141,000. Institutional investors own 82.12% of the company’s stock.
Several equities analysts have recently weighed in on the company. ValuEngine downgraded Medical Properties Trust from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research downgraded Medical Properties Trust from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. JMP Securities upgraded Medical Properties Trust from a “market perform” rating to an “outperform” rating and set a $14.00 price target for the company in a report on Monday, July 17th. They noted that the move was a valuation call. Stifel Nicolaus restated a “hold” rating and set a $13.00 price target on shares of Medical Properties Trust in a report on Friday, July 28th. Finally, BidaskClub upgraded Medical Properties Trust from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $14.20.
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Medical Properties Trust Company Profile
Medical Properties Trust, Inc is a real estate investment trust (REIT). The Company focuses on investing in and owning net-leased healthcare facilities across the United States and selectively in foreign jurisdictions. The Company’s segment is its investments in healthcare real estate, including mortgage and other loans, as well as any equity investments in its tenants.
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