Medical Properties Trust (NYSE:MPW) PT Raised to $16.00

Medical Properties Trust (NYSE:MPW) had its target price raised by Deutsche Bank from $14.00 to $16.00 in a research report released on Friday, March 29th, BenzingaRatingsTable reports. The firm currently has a hold rating on the real estate investment trust’s stock.

MPW has been the subject of several other research reports. Mitsubishi UFJ Financial Group raised their target price on shares of Medical Properties Trust to $17.00 and gave the stock a neutral rating in a research note on Monday, February 11th. SunTrust Banks downgraded shares of Medical Properties Trust from a buy rating to a hold rating in a report on Tuesday, December 18th. Jefferies Financial Group upgraded shares of Medical Properties Trust from a hold rating to a buy rating and increased their price target for the company from $18.00 to $23.00 in a report on Wednesday, February 13th. JPMorgan Chase & Co. upgraded shares of Medical Properties Trust from a neutral rating to an overweight rating in a report on Wednesday, December 19th. Finally, Wells Fargo & Co upgraded shares of Medical Properties Trust from an underperform rating to a market perform rating and increased their price target for the company from $13.50 to $17.50 in a report on Tuesday, December 11th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $17.79.

Shares of NYSE:MPW traded down $0.02 during trading hours on Friday, reaching $17.24. The stock had a trading volume of 5,166,618 shares, compared to its average volume of 3,307,953. Medical Properties Trust has a 1 year low of $12.25 and a 1 year high of $18.92. The company has a current ratio of 5.22, a quick ratio of 5.22 and a debt-to-equity ratio of 0.89. The company has a market cap of $6.39 billion, a PE ratio of 12.58, a P/E/G ratio of 3.43 and a beta of 0.74.

Medical Properties Trust (NYSE:MPW) last issued its earnings results on Thursday, February 7th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.31. The business had revenue of $180.60 million during the quarter, compared to analysts’ expectations of $179.68 million. Medical Properties Trust had a net margin of 129.59% and a return on equity of 8.83%. The company’s revenue for the quarter was down 11.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.37 EPS. As a group, equities research analysts expect that Medical Properties Trust will post 1.42 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 14th were issued a dividend of $0.25 per share. The ex-dividend date was Wednesday, March 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.80%. Medical Properties Trust’s dividend payout ratio (DPR) is presently 72.99%.

In other Medical Properties Trust news, VP James Kevin Hanna sold 18,000 shares of Medical Properties Trust stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of $18.37, for a total transaction of $330,660.00. Following the transaction, the vice president now directly owns 76,318 shares of the company’s stock, valued at $1,401,961.66. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Edward K. Aldag, Jr. sold 273,577 shares of Medical Properties Trust stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $18.72, for a total transaction of $5,121,361.44. Following the transaction, the chief executive officer now directly owns 2,160,784 shares in the company, valued at $40,449,876.48. The disclosure for this sale can be found here. Insiders own 0.83% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Medical Properties Trust by 0.9% during the third quarter. Vanguard Group Inc. now owns 52,939,728 shares of the real estate investment trust’s stock valued at $789,331,000 after purchasing an additional 454,630 shares during the period. Vanguard Group Inc increased its stake in shares of Medical Properties Trust by 0.9% in the third quarter. Vanguard Group Inc now owns 52,939,728 shares of the real estate investment trust’s stock worth $789,331,000 after buying an additional 454,630 shares during the last quarter. BlackRock Inc. increased its stake in shares of Medical Properties Trust by 2.6% in the fourth quarter. BlackRock Inc. now owns 42,908,542 shares of the real estate investment trust’s stock worth $689,968,000 after buying an additional 1,068,099 shares during the last quarter. LSV Asset Management increased its stake in shares of Medical Properties Trust by 1.6% in the fourth quarter. LSV Asset Management now owns 10,249,307 shares of the real estate investment trust’s stock worth $164,808,000 after buying an additional 157,100 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Medical Properties Trust by 3.2% in the third quarter. Bank of New York Mellon Corp now owns 9,384,794 shares of the real estate investment trust’s stock worth $139,929,000 after buying an additional 288,334 shares during the last quarter. 79.65% of the stock is currently owned by hedge funds and other institutional investors.

About Medical Properties Trust

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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Analyst Recommendations for Medical Properties Trust (NYSE:MPW)

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