Medical Properties Trust, Inc. (NYSE:MPW) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, November 1st.
According to Zacks, “Medical Properties Trust, Inc. is a Birmingham, Alabama based self-advised real estate investment trust formed to capitalize on the changing trends in healthcare delivery by acquiring and developing net-leased healthcare facilities. These facilities include inpatient rehabilitation hospitals, long-term acute care hospitals, regional and community hospitals, women’s and children’s hospitals, skilled nursing facilities, ambulatory surgery centers, and other single-discipline healthcare facilities, such as heart hospitals, orthopedic hospitals and cancer centers. “
MPW has been the topic of a number of other reports. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $16.00 price target on shares of Medical Properties Trust in a research note on Monday, July 24th. ValuEngine upgraded Medical Properties Trust from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Jefferies Group LLC upgraded Medical Properties Trust from a “hold” rating to a “buy” rating in a research report on Tuesday, July 4th. BidaskClub upgraded Medical Properties Trust from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Finally, Deutsche Bank AG boosted their price objective on Medical Properties Trust from $13.50 to $15.00 and gave the company a “buy” rating in a report on Tuesday, July 4th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $14.18.
Shares of Medical Properties Trust (NYSE MPW) opened at $13.56 on Wednesday. Medical Properties Trust has a 12 month low of $11.57 and a 12 month high of $14.22. The company has a market capitalization of $4,937.96, a PE ratio of 10.51, a price-to-earnings-growth ratio of 2.01 and a beta of 0.95. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 1.26.
Medical Properties Trust (NYSE:MPW) last announced its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.01. The firm had revenue of $176.60 million during the quarter, compared to analysts’ expectations of $172.57 million. Medical Properties Trust had a return on equity of 7.36% and a net margin of 39.95%. The company’s revenue for the quarter was up 39.5% compared to the same quarter last year. During the same period last year, the business posted $0.30 earnings per share. equities research analysts predict that Medical Properties Trust will post 1.31 EPS for the current year.
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Several hedge funds have recently modified their holdings of the company. Schwab Charles Investment Management Inc. raised its stake in shares of Medical Properties Trust by 9.7% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,875,234 shares of the real estate investment trust’s stock worth $24,622,000 after buying an additional 165,293 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Medical Properties Trust in the 3rd quarter worth approximately $150,000. Wells Fargo & Company MN grew its holdings in shares of Medical Properties Trust by 10.5% in the 3rd quarter. Wells Fargo & Company MN now owns 2,959,090 shares of the real estate investment trust’s stock worth $38,852,000 after acquiring an additional 280,222 shares during the period. Cadence Capital Management LLC acquired a new stake in shares of Medical Properties Trust in the 3rd quarter worth approximately $334,000. Finally, Evergreen Capital Management LLC grew its holdings in shares of Medical Properties Trust by 171.8% in the 3rd quarter. Evergreen Capital Management LLC now owns 267,000 shares of the real estate investment trust’s stock worth $3,506,000 after acquiring an additional 168,750 shares during the period. 84.73% of the stock is owned by institutional investors and hedge funds.
About Medical Properties Trust
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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