Falcon Point Capital LLC lowered its position in Medical Properties Trust, Inc. (NYSE:MPW) by 30.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 175,398 shares of the real estate investment trust’s stock after selling 76,867 shares during the quarter. Medical Properties Trust comprises about 1.8% of Falcon Point Capital LLC’s holdings, making the stock its 25th biggest holding. Falcon Point Capital LLC’s holdings in Medical Properties Trust were worth $3,247,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. First Interstate Bank purchased a new position in Medical Properties Trust during the first quarter worth about $32,000. Laurel Wealth Advisors LLC purchased a new position in Medical Properties Trust during the fourth quarter worth about $32,000. Enterprise Financial Services Corp boosted its stake in Medical Properties Trust by 1,156.1% during the first quarter. Enterprise Financial Services Corp now owns 2,173 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 2,000 shares during the period. D Orazio & Associates Inc. purchased a new position in Medical Properties Trust during the first quarter worth about $46,000. Finally, Victory Capital Management Inc. purchased a new position in Medical Properties Trust during the fourth quarter worth about $45,000. 75.75% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have weighed in on MPW shares. Mitsubishi UFJ Financial Group increased 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. Jefferies Financial Group raised shares of Medical Properties Trust from a “hold” rating to a “buy” rating and raised their target price for the company from $18.00 to $23.00 in a report on Wednesday, February 13th. Deutsche Bank raised their target price on shares of Medical Properties Trust from $14.00 to $16.00 and gave the company a “hold” rating in a report on Friday, March 29th. Finally, Zacks Investment Research raised shares of Medical Properties Trust from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Tuesday, April 16th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $17.79.
Medical Properties Trust (NYSE:MPW) last issued its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.01). The firm had revenue of $180.45 million during the quarter, compared to analyst estimates of $182.00 million. Medical Properties Trust had a net margin of 131.84% and a return on equity of 7.98%. The firm’s revenue was down 12.0% compared to the same quarter last year. During the same period last year, the business earned $0.36 EPS. As a group, analysts predict that Medical Properties Trust, Inc. will post 1.36 earnings per share for the current fiscal year.
In other Medical Properties Trust news, CEO Edward K. Aldag, Jr. sold 273,577 shares of the firm’s 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 sale, the chief executive officer now owns 2,160,784 shares of the company’s stock, valued at $40,449,876.48. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.18% of the stock is currently owned by company insiders.
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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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