Medical Properties Trust, Inc. (NYSE:MPW) – Equities research analysts at KeyCorp issued their Q4 2018 earnings estimates for shares of Medical Properties Trust in a research note issued on Monday, November 5th. KeyCorp analyst J. Sadler forecasts that the real estate investment trust will post earnings per share of $0.31 for the quarter.
Several other equities research analysts also recently weighed in on MPW. Jefferies Financial Group downgraded shares of Medical Properties Trust from a “buy” rating to a “hold” rating and set a $15.00 target price on the stock. in a research note on Tuesday, July 17th. JMP Securities set a $16.00 target price on shares of Medical Properties Trust and gave the company a “buy” rating in a research note on Monday, October 1st. Zacks Investment Research downgraded shares of Medical Properties Trust from a “hold” rating to a “sell” rating in a research note on Thursday, October 25th. Stifel Nicolaus set a $14.00 target price on shares of Medical Properties Trust and gave the company a “hold” rating in a research note on Thursday, November 1st. Finally, Mitsubishi UFJ Financial Group increased their target price on shares of Medical Properties Trust to $15.00 and gave the company a “neutral” rating in a research note on Friday, November 2nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $14.19.
Medical Properties Trust (NYSE:MPW) last announced its earnings results on Thursday, November 1st. The real estate investment trust reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.01. Medical Properties Trust had a net margin of 124.88% and a return on equity of 9.06%. The business had revenue of $197.00 million for the quarter, compared to the consensus estimate of $192.64 million. During the same quarter in the prior year, the firm posted $0.33 earnings per share. The business’s revenue for the quarter was up 11.6% on a year-over-year basis.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 11th. Stockholders of record on Thursday, September 13th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.98%. The ex-dividend date was Wednesday, September 12th. Medical Properties Trust’s payout ratio is presently 74.07%.
In other news, Director Michael G. Stewart sold 12,400 shares of the company’s stock in a transaction dated Friday, October 12th. The shares were sold at an average price of $14.13, for a total value of $175,212.00. Following the transaction, the director now directly owns 231,039 shares in the company, valued at $3,264,581.07. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Emmett E. Mclean sold 100,000 shares of the company’s stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $14.93, for a total transaction of $1,493,000.00. Following the completion of the transaction, the insider now owns 963,965 shares in the company, valued at $14,391,997.45. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 127,400 shares of company stock worth $1,890,812. Company insiders own 0.83% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in Medical Properties Trust during the 2nd quarter worth about $104,000. Cornerstone Wealth Management LLC bought a new position in Medical Properties Trust during the 2nd quarter worth about $583,000. Valeo Financial Advisors LLC bought a new position in Medical Properties Trust during the 2nd quarter worth about $128,000. Integrated Investment Consultants LLC bought a new position in Medical Properties Trust during the 2nd quarter worth about $136,000. Finally, Investors Asset Management of Georgia Inc. GA ADV bought a new position in Medical Properties Trust during the 2nd quarter worth about $140,000. Hedge funds and other institutional investors own 77.17% of the company’s stock.
Medical Properties Trust Company Profile
Medical Properties Trust, Inc is a self-advised real estate investment trust formed to capitalize on the changing trends in healthcare delivery by acquiring and developing net-leased healthcare facilities. MPT's financing model helps facilitate acquisitions and recapitalizations and allows operators of hospitals and other healthcare facilities to unlock the value of their real estate assets to fund facility improvements, technology upgrades and other investments in operations.
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