Northwestern Mutual Investment Management Company LLC lifted its holdings in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 56.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 74,623 shares of the real estate investment trust’s stock after acquiring an additional 26,931 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Medical Properties Trust were worth $970,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Ceredex Value Advisors LLC bought a new stake in Medical Properties Trust in the 1st quarter worth about $66,789,000. Earnest Partners LLC grew its position in Medical Properties Trust by 24.8% in the 4th quarter. Earnest Partners LLC now owns 4,109,100 shares of the real estate investment trust’s stock worth $56,623,000 after purchasing an additional 816,225 shares in the last quarter. BlackRock Inc. grew its position in Medical Properties Trust by 1.6% in the 1st quarter. BlackRock Inc. now owns 40,232,523 shares of the real estate investment trust’s stock worth $523,023,000 after purchasing an additional 632,842 shares in the last quarter. Raymond James & Associates grew its position in Medical Properties Trust by 63.7% in the 4th quarter. Raymond James & Associates now owns 1,607,527 shares of the real estate investment trust’s stock worth $22,152,000 after purchasing an additional 625,766 shares in the last quarter. Finally, LSV Asset Management grew its position in Medical Properties Trust by 4.8% in the 1st quarter. LSV Asset Management now owns 9,207,800 shares of the real estate investment trust’s stock worth $119,701,000 after purchasing an additional 419,700 shares in the last quarter. 78.39% of the stock is owned by institutional investors.
A number of brokerages have issued reports on MPW. Zacks Investment Research downgraded shares of Medical Properties Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, April 18th. Wells Fargo & Co boosted their target price on shares of Medical Properties Trust from $11.50 to $13.00 and gave the company an “underperform” rating in a research note on Thursday, May 31st. Deutsche Bank dropped their target price on shares of Medical Properties Trust from $13.50 to $13.00 and set a “hold” rating on the stock in a research note on Monday, March 19th. Finally, ValuEngine cut shares of Medical Properties Trust from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. Medical Properties Trust presently has a consensus rating of “Hold” and a consensus target price of $14.15.
Medical Properties Trust opened at $14.08 on Friday, according to Marketbeat. The company has a debt-to-equity ratio of 1.27, a quick ratio of 2.04 and a current ratio of 2.04. The stock has a market capitalization of $5.13 billion, a price-to-earnings ratio of 10.43, a P/E/G ratio of 2.63 and a beta of 0.73. Medical Properties Trust, Inc. has a twelve month low of $11.82 and a twelve month high of $14.19.
Medical Properties Trust (NYSE:MPW) last released its earnings results on Thursday, May 3rd. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.11). The company had revenue of $205.05 million during the quarter, compared to analysts’ expectations 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 revenue was up 31.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.33 earnings per share. research analysts anticipate that Medical Properties Trust, Inc. will post 1.42 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 12th. Investors of record on Thursday, June 14th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 7.10%. The ex-dividend date is Wednesday, June 13th. Medical Properties Trust’s payout ratio is currently 74.07%.
In related news, Chairman Edward K. Aldag, Jr. sold 116,216 shares of the company’s stock in a transaction that occurred 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 sale, the chairman now directly owns 1,759,620 shares in the company, valued at approximately $22,100,827.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.83% of the company’s stock.
Medical Properties Trust Company Profile
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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