Cwm LLC grew its holdings in shares of Medical Properties Trust, Inc. (NYSE:MPW – Free Report) by 1,184.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 340,305 shares of the real estate investment trust’s stock after buying an additional 313,803 shares during the period. Cwm LLC owned 0.06% of Medical Properties Trust worth $1,725,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of MPW. Enterprise Financial Services Corp purchased a new position in Medical Properties Trust during the 3rd quarter valued at about $53,000. Parcion Private Wealth LLC purchased a new position in shares of Medical Properties Trust during the third quarter valued at approximately $80,000. Brighton Jones LLC lifted its holdings in shares of Medical Properties Trust by 440.7% during the third quarter. Brighton Jones LLC now owns 54,936 shares of the real estate investment trust’s stock valued at $279,000 after purchasing an additional 44,775 shares during the last quarter. Voya Investment Management LLC boosted its position in shares of Medical Properties Trust by 15.6% in the 3rd quarter. Voya Investment Management LLC now owns 705,435 shares of the real estate investment trust’s stock worth $3,577,000 after purchasing an additional 95,111 shares in the last quarter. Finally, Wilsey Asset Management Inc. grew its stake in shares of Medical Properties Trust by 6.4% in the 3rd quarter. Wilsey Asset Management Inc. now owns 5,240,579 shares of the real estate investment trust’s stock worth $26,570,000 after buying an additional 313,011 shares during the last quarter. 71.79% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research analysts have issued reports on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Medical Properties Trust in a research note on Wednesday, October 8th. Wells Fargo & Company raised their price target on Medical Properties Trust from $4.50 to $5.00 and gave the company an “underweight” rating in a report on Tuesday, November 25th. Finally, Wall Street Zen raised Medical Properties Trust from a “sell” rating to a “hold” rating in a research report on Sunday. One analyst has rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Medical Properties Trust has a consensus rating of “Reduce” and an average price target of $6.17.
Medical Properties Trust Stock Performance
Shares of MPW opened at $5.09 on Monday. The company has a market cap of $3.06 billion, a price-to-earnings ratio of -4.31 and a beta of 1.43. The business’s fifty day simple moving average is $5.19 and its two-hundred day simple moving average is $4.79. Medical Properties Trust, Inc. has a 12 month low of $3.51 and a 12 month high of $6.34. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 2.06.
Medical Properties Trust (NYSE:MPW – Get Free Report) last posted its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.03). Medical Properties Trust had a negative return on equity of 14.82% and a negative net margin of 75.76%.The business had revenue of $237.52 million during the quarter, compared to analysts’ expectations of $244.89 million. During the same quarter in the prior year, the firm earned $0.16 EPS. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. Research analysts anticipate that Medical Properties Trust, Inc. will post 0.78 earnings per share for the current fiscal year.
Medical Properties Trust Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Thursday, December 11th will be paid a $0.09 dividend. This is a boost from Medical Properties Trust’s previous quarterly dividend of $0.08. This represents a $0.36 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date is Thursday, December 11th. Medical Properties Trust’s dividend payout ratio (DPR) is presently -30.51%.
About Medical Properties Trust
Medical Properties Trust, Inc is a real estate investment trust (REIT) focused on acquiring, financing, and owning net-leased hospital facilities. Through sale-leaseback transactions, direct acquisitions and recapitalizations, the company provides capital to healthcare operators while maintaining long-term, triple-net lease agreements. Its portfolio encompasses general acute care hospitals, rehabilitation facilities and other healthcare-related real estate assets and is structured to deliver stable, long-duration rental income streams.
Founded in 2003 and based in Birmingham, Alabama, Medical Properties Trust completed its initial public offering in 2004.
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