Medical Properties Trust, Inc. (MPW) Issues Quarterly Earnings Results

Medical Properties Trust, Inc. (NYSE:MPW) announced its quarterly earnings data on Wednesday. The real estate investment trust reported $0.32 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.32, Briefing.com reports. The company had revenue of $166.80 million during the quarter, compared to analyst estimates of $163.08 million. Medical Properties Trust had a net margin of 41.79% and a return on equity of 7.94%. The firm’s revenue for the quarter was up 32.1% compared to the same quarter last year. During the same period last year, the business earned $0.32 EPS. 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 0.24% on Thursday, hitting $12.58. 165,782 shares of the stock traded hands. The firm has a market cap of $4.04 billion, a price-to-earnings ratio of 15.10 and a beta of 0.89. The stock has a 50-day moving average of $12.87 and a 200-day moving average of $13.05. Medical Properties Trust has a 12-month low of $11.54 and a 12-month high of $15.74.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Thursday, June 15th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 7.61%. The ex-dividend date of this dividend was Tuesday, June 13th. Medical Properties Trust’s dividend payout ratio (DPR) is presently 114.29%.

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Several research analysts have weighed in on MPW shares. Deutsche Bank AG raised their price objective on shares of Medical Properties Trust from $13.50 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, July 4th. JMP Securities raised shares of Medical Properties Trust from a “market perform” rating to an “outperform” rating and set a $14.00 price objective for the company in a report on Monday, July 17th. They noted that the move was a valuation call. ValuEngine lowered shares of Medical Properties Trust from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Jefferies Group LLC raised shares of Medical Properties Trust from a “hold” rating to a “buy” rating in a report on Tuesday, July 4th. Finally, Zacks Investment Research raised shares of Medical Properties Trust from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Wednesday, July 19th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $14.20.

In other Medical Properties Trust news, CFO R Steven Hamner sold 85,000 shares of the business’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $13.36, for a total value of $1,135,600.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue raised its stake in shares of Medical Properties Trust by 35.0% in the first quarter. State of Alaska Department of Revenue now owns 160,060 shares of the real estate investment trust’s stock valued at $2,062,000 after buying an additional 41,530 shares during the period. Huntington National Bank raised its stake in shares of Medical Properties Trust by 70.1% in the first quarter. Huntington National Bank now owns 11,434 shares of the real estate investment trust’s stock valued at $147,000 after buying an additional 4,712 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of Medical Properties Trust by 10.0% in the first quarter. Nisa Investment Advisors LLC now owns 78,040 shares of the real estate investment trust’s stock valued at $1,006,000 after buying an additional 7,090 shares during the period. Capital Impact Advisors LLC raised its stake in shares of Medical Properties Trust by 92.8% in the first quarter. Capital Impact Advisors LLC now owns 141,019 shares of the real estate investment trust’s stock valued at $1,818,000 after buying an additional 67,894 shares during the period. Finally, Louisiana State Employees Retirement System raised its stake in shares of Medical Properties Trust by 2.3% in the first quarter. Louisiana State Employees Retirement System now owns 81,000 shares of the real estate investment trust’s stock valued at $1,044,000 after buying an additional 1,800 shares during the period. 78.48% of the stock is currently owned by hedge funds and other institutional investors.

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.

Earnings History for Medical Properties Trust (NYSE:MPW)

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