Medical Properties Trust, Inc. (NYSE:MPW) – Jefferies Group boosted their FY2017 earnings per share estimates for shares of Medical Properties Trust in a report released on Monday. Jefferies Group analyst O. Okusanya now anticipates that the real estate investment trust will earn $1.33 per share for the year, up from their previous estimate of $1.32. Jefferies Group currently has a “Buy” rating and a $15.00 target price on the stock.
Medical Properties Trust (NYSE:MPW) last announced its quarterly earnings data on Wednesday, August 9th. The real estate investment trust reported $0.32 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.32. Medical Properties Trust had a net margin of 42.25% and a return on equity of 7.54%. The firm had revenue of $166.80 million during the quarter, compared to analysts’ expectations of $163.08 million. During the same quarter last year, the business earned $0.32 earnings per share. The business’s revenue for the quarter was up 32.1% compared to the same quarter last year. ILLEGAL ACTIVITY WARNING: This news story was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of international trademark and copyright laws. The legal version of this news story can be read at https://ledgergazette.com/2017/10/18/fy2017-eps-estimates-for-medical-properties-trust-inc-lifted-by-jefferies-group-mpw.html.
MPW has been the subject of several other research reports. KeyCorp reaffirmed a “hold” rating on shares of Medical Properties Trust in a report on Sunday, September 17th. Zacks Investment Research downgraded shares of Medical Properties Trust from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. ValuEngine downgraded shares of Medical Properties Trust from a “buy” rating to a “hold” rating in a report on Friday, September 1st. JMP Securities raised shares of Medical Properties Trust from a “market perform” rating to an “outperform” rating and set a $14.00 price objective for the company in a report on Monday, July 17th. They noted that the move was a valuation call. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $13.00 price objective on shares of Medical Properties Trust in a report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. Medical Properties Trust currently has an average rating of “Hold” and an average price target of $14.10.
Shares of Medical Properties Trust (MPW) opened at 13.31 on Wednesday. The firm has a market cap of $4.66 billion, a PE ratio of 16.27 and a beta of 0.88. The company has a 50 day moving average of $13.11 and a 200 day moving average of $13.10. Medical Properties Trust has a 52 week low of $11.54 and a 52 week high of $15.04.
A number of hedge funds and other institutional investors have recently modified their holdings of MPW. BlackRock Inc. lifted its holdings in Medical Properties Trust by 6,731.8% in the 1st quarter. BlackRock Inc. now owns 40,047,534 shares of the real estate investment trust’s stock valued at $516,212,000 after acquiring an additional 39,461,340 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Medical Properties Trust by 142.8% in the 2nd quarter. Principal Financial Group Inc. now owns 11,859,196 shares of the real estate investment trust’s stock valued at $152,628,000 after acquiring an additional 6,973,902 shares during the last quarter. Prudential Financial Inc. lifted its holdings in Medical Properties Trust by 766.7% in the 2nd quarter. Prudential Financial Inc. now owns 4,320,798 shares of the real estate investment trust’s stock valued at $55,608,000 after acquiring an additional 3,822,244 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Medical Properties Trust by 6.6% in the 2nd quarter. Vanguard Group Inc. now owns 57,790,855 shares of the real estate investment trust’s stock valued at $743,768,000 after acquiring an additional 3,561,518 shares during the last quarter. Finally, Systematic Financial Management LP acquired a new stake in Medical Properties Trust in the 2nd quarter valued at about $29,018,000. 83.69% of the stock is owned by institutional investors.
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 12th. Shareholders of record on Thursday, September 14th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 7.21%. The ex-dividend date of this dividend was Wednesday, September 13th. Medical Properties Trust’s payout ratio is 115.66%.
Medical Properties Trust Company Profile
Medical Properties Trust, Inc is a real estate investment trust (REIT). The Company focuses on investing in and owning net-leased healthcare facilities across the United States and selectively in foreign jurisdictions. The Company’s segment is its investments in healthcare real estate, including mortgage and other loans, as well as any equity investments in its tenants.
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