Medical Properties Trust (NYSE:MPW) – Investment analysts at Jefferies Group dropped their Q2 2018 earnings per share estimates for shares of Medical Properties Trust in a research report issued to clients and investors on Wednesday, May 16th. Jefferies Group analyst O. Okusanya now forecasts that the real estate investment trust will post earnings of $0.33 per share for the quarter, down from their prior forecast of $0.34. Jefferies Group also issued estimates for Medical Properties Trust’s Q3 2018 earnings at $0.33 EPS, Q4 2018 earnings at $0.35 EPS, FY2018 earnings at $1.38 EPS, FY2019 earnings at $1.42 EPS and FY2020 earnings at $1.44 EPS.
Medical Properties Trust (NYSE:MPW) last released its quarterly earnings results on Thursday, May 3rd. The real estate investment trust reported $0.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.11). The firm had revenue of $205.05 million for the quarter, compared to analyst estimates of $204.70 million. Medical Properties Trust had a net margin of 41.47% and a return on equity of 8.14%. The firm’s quarterly revenue was up 31.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.33 EPS.
Several other analysts have also commented on MPW. Deutsche Bank dropped their price target on shares of Medical Properties Trust from $13.50 to $13.00 and set a “hold” rating on the stock in a research report on Monday, March 19th. ValuEngine downgraded shares of Medical Properties Trust from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Finally, Zacks Investment Research downgraded shares of Medical Properties Trust from a “hold” rating to a “sell” rating in a report on Wednesday, April 18th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Medical Properties Trust has a consensus rating of “Hold” and an average price target of $14.28.
MPW stock opened at $13.22 on Thursday. The firm has a market cap of $4.80 billion, a P/E ratio of 9.54, a PEG ratio of 2.47 and a beta of 0.69. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 1.27. Medical Properties Trust has a one year low of $13.15 and a one year high of $13.31.
In other Medical Properties Trust news, Chairman Edward K. Aldag, Jr. sold 116,216 shares of the stock in a transaction on Tuesday, March 27th. The shares were sold at an average price of $12.56, for a total transaction of $1,459,672.96. Following the transaction, the chairman now directly owns 1,759,620 shares of the company’s stock, valued at $22,100,827.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.00% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of MPW. Signaturefd LLC purchased a new position in Medical Properties Trust during the first quarter valued at $102,000. First Dallas Securities Inc. purchased a new position in shares of Medical Properties Trust in the fourth quarter worth about $106,000. Smith Asset Management Group LP lifted its stake in shares of Medical Properties Trust by 93.4% in the first quarter. Smith Asset Management Group LP now owns 8,351 shares of the real estate investment trust’s stock worth $108,000 after buying an additional 4,032 shares in the last quarter. Assetmark Inc. lifted its stake in shares of Medical Properties Trust by 485.0% in the fourth quarter. Assetmark Inc. now owns 9,676 shares of the real estate investment trust’s stock worth $133,000 after buying an additional 8,022 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of Medical Properties Trust in the first quarter worth about $149,000. 80.15% of the stock is currently owned by institutional investors and hedge funds.
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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