Cadence Capital Management LLC Invests $334,000 in Medical Properties Trust, Inc. (MPW) Stock

Cadence Capital Management LLC bought a new stake in shares of Medical Properties Trust, Inc. (NYSE:MPW) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 25,474 shares of the real estate investment trust’s stock, valued at approximately $334,000.

A number of other hedge funds have also made changes to their positions in the business. Bank of Montreal Can increased its stake in shares of Medical Properties Trust by 87.6% in the second quarter. Bank of Montreal Can now owns 82,793 shares of the real estate investment trust’s stock worth $1,066,000 after purchasing an additional 38,671 shares in the last quarter. Aperio Group LLC increased its stake in shares of Medical Properties Trust by 22.1% in the second quarter. Aperio Group LLC now owns 139,344 shares of the real estate investment trust’s stock worth $1,793,000 after purchasing an additional 25,208 shares in the last quarter. US Bancorp DE increased its stake in shares of Medical Properties Trust by 43.1% in the second quarter. US Bancorp DE now owns 54,454 shares of the real estate investment trust’s stock worth $701,000 after purchasing an additional 16,405 shares in the last quarter. Public Employees Retirement Association of Colorado purchased a new stake in shares of Medical Properties Trust in the second quarter worth $147,000. Finally, Great West Life Assurance Co. Can increased its stake in shares of Medical Properties Trust by 3.7% in the second quarter. Great West Life Assurance Co. Can now owns 246,174 shares of the real estate investment trust’s stock worth $3,164,000 after purchasing an additional 8,683 shares in the last quarter. 81.35% of the stock is owned by institutional investors and hedge funds.

Shares of Medical Properties Trust, Inc. (NYSE MPW) traded down $0.02 during trading hours on Thursday, hitting $13.56. 2,338,400 shares of the company were exchanged, compared to its average volume of 3,135,601. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.26. Medical Properties Trust, Inc. has a 12-month low of $11.88 and a 12-month high of $14.22. The company has a market capitalization of $5,032.64, a price-to-earnings ratio of 10.71, a price-to-earnings-growth ratio of 1.84 and a beta of 0.96.

Medical Properties Trust (NYSE:MPW) last released its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.01. Medical Properties Trust had a net margin of 39.95% and a return on equity of 7.36%. The business had revenue of $176.60 million during the quarter, compared to analyst estimates of $172.57 million. During the same quarter last year, the business earned $0.30 earnings per share. Medical Properties Trust’s quarterly revenue was up 39.5% compared to the same quarter last year. equities research analysts anticipate that Medical Properties Trust, Inc. will post 1.32 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Thursday, December 7th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, December 6th. This represents a $0.96 annualized dividend and a yield of 7.08%. Medical Properties Trust’s dividend payout ratio (DPR) is currently 126.32%.

A number of brokerages recently weighed in on MPW. ValuEngine upgraded shares of Medical Properties Trust from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. SunTrust Banks restated a “buy” rating and set a $15.00 target price on shares of Medical Properties Trust in a research report on Friday, November 3rd. Zacks Investment Research upgraded shares of Medical Properties Trust from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Tuesday, October 24th. KeyCorp restated a “hold” rating on shares of Medical Properties Trust in a research report on Sunday, September 17th. Finally, Jefferies Group restated a “buy” rating and set a $15.00 target price on shares of Medical Properties Trust in a research report on Tuesday, August 29th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $14.18.

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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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Institutional Ownership by Quarter for Medical Properties Trust (NYSE:MPW)

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