Medical Properties Trust (NYSE:MPW) Price Target Raised to $13.00 at Credit Suisse Group

Medical Properties Trust (NYSE:MPWGet Rating) had its price target increased by Credit Suisse Group from $11.00 to $13.00 in a research report released on Tuesday, Benzinga reports. They currently have a neutral rating on the real estate investment trust’s stock.

Several other research firms have also commented on MPW. Royal Bank of Canada reduced their target price on shares of Medical Properties Trust from $20.00 to $18.00 in a report on Tuesday, October 4th. StockNews.com initiated coverage on shares of Medical Properties Trust in a research report on Wednesday, October 12th. They issued a hold rating for the company. Raymond James decreased their price target on shares of Medical Properties Trust from $20.00 to $18.00 and set a strong-buy rating on the stock in a research note on Thursday, September 22nd. Mizuho cut their price target on shares of Medical Properties Trust from $20.00 to $18.00 in a report on Friday, December 2nd. Finally, Barclays decreased their price target on shares of Medical Properties Trust from $23.00 to $19.00 and set an overweight rating for the company in a research report on Friday, October 21st. Six analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $16.91.

Medical Properties Trust Price Performance

Shares of NYSE MPW opened at $13.59 on Tuesday. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 1.07. Medical Properties Trust has a 1-year low of $9.90 and a 1-year high of $24.03. The firm has a market capitalization of $8.13 billion, a P/E ratio of 6.53, a P/E/G ratio of 0.72 and a beta of 0.87. The firm’s 50-day moving average price is $12.13 and its 200-day moving average price is $13.30.

Medical Properties Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 12th. Shareholders of record on Thursday, December 8th were paid a $0.29 dividend. The ex-dividend date was Wednesday, December 7th. This represents a $1.16 dividend on an annualized basis and a yield of 8.54%. Medical Properties Trust’s dividend payout ratio (DPR) is currently 55.77%.

Institutional Trading of Medical Properties Trust

Institutional investors and hedge funds have recently made changes to their positions in the stock. AE Wealth Management LLC raised its holdings in Medical Properties Trust by 5.6% in the 2nd quarter. AE Wealth Management LLC now owns 67,751 shares of the real estate investment trust’s stock valued at $1,035,000 after acquiring an additional 3,598 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in Medical Properties Trust by 8.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 471,278 shares of the real estate investment trust’s stock worth $5,589,000 after buying an additional 38,408 shares in the last quarter. Great Valley Advisor Group Inc. lifted its holdings in Medical Properties Trust by 28.0% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 16,185 shares of the real estate investment trust’s stock worth $247,000 after buying an additional 3,540 shares in the last quarter. Collective Family Office LLC acquired a new position in shares of Medical Properties Trust in the 2nd quarter valued at $779,000. Finally, Mutual Advisors LLC lifted its stake in shares of Medical Properties Trust by 13.0% in the 2nd quarter. Mutual Advisors LLC now owns 83,430 shares of the real estate investment trust’s stock valued at $1,274,000 after purchasing an additional 9,630 shares during the period. Institutional investors and hedge funds own 80.31% of the company’s stock.

Medical Properties Trust Company Profile

(Get Rating)

Medical Properties Trust, Inc is a self-advised real estate investment trust formed in 2003 to acquire and develop net-leased hospital facilities. From its inception in Birmingham, Alabama, the Company has grown to become one of the world's largest owners of hospitals with 431 facilities and roughly 43,000 licensed beds in nine countries and across four continents on a pro forma basis.

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