Zacks Investment Research upgraded shares of Medical Properties Trust (NYSE:MPW) from a sell rating to a hold rating in a research note issued to investors on Wednesday.
According to Zacks, “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 allows hospitals and other healthcare facilities to unlock the value of their underlying real estate in order to fund facility improvements, technology upgrades, staff additions and new construction. Facilities include acute care hospitals, inpatient rehabilitation hospitals, long-term acute care hospitals, and other medical and surgical facilities. “
Several other equities analysts have also issued reports on the company. Mitsubishi UFJ Financial Group increased their target price on Medical Properties Trust to $15.00 and gave the stock a neutral rating in a research note on Friday, November 2nd. Stifel Nicolaus set a $14.00 price target on Medical Properties Trust and gave the stock a hold rating in a report on Thursday, November 1st. JMP Securities set a $16.00 price target on Medical Properties Trust and gave the stock a buy rating in a report on Monday, October 1st. Finally, Jefferies Financial Group downgraded Medical Properties Trust from a buy rating to a hold rating and set a $15.00 price target on the stock. in a report on Tuesday, July 17th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. Medical Properties Trust has a consensus rating of Hold and a consensus target price of $14.19.
Medical Properties Trust (NYSE:MPW) last posted its earnings results on Thursday, November 1st. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.01. Medical Properties Trust had a return on equity of 9.06% and a net margin of 124.88%. The firm had revenue of $197.00 million for the quarter, compared to analyst estimates of $192.64 million. During the same quarter in the prior year, the company earned $0.33 EPS. Medical Properties Trust’s revenue was up 11.6% on a year-over-year basis. Equities analysts forecast that Medical Properties Trust will post 1.37 earnings per share for the current year.
In other Medical Properties Trust news, insider Emmett E. Mclean sold 100,000 shares of the company’s stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $14.93, for a total transaction of $1,493,000.00. Following the sale, the insider now owns 963,965 shares in the company, valued at approximately $14,391,997.45. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael G. Stewart sold 12,400 shares of the company’s stock in a transaction dated Friday, October 12th. The stock was sold at an average price of $14.13, for a total value of $175,212.00. Following the sale, the director now owns 231,039 shares in the company, valued at approximately $3,264,581.07. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 127,400 shares of company stock worth $1,890,812. 0.83% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in shares of Medical Properties Trust in the 2nd quarter valued at about $104,000. Valeo Financial Advisors LLC purchased a new position in shares of Medical Properties Trust in the 2nd quarter valued at about $128,000. Integrated Investment Consultants LLC purchased a new position in shares of Medical Properties Trust in the 2nd quarter valued at about $136,000. Investors Asset Management of Georgia Inc. GA ADV purchased a new position in shares of Medical Properties Trust in the 2nd quarter valued at about $140,000. Finally, Signaturefd LLC increased its holdings in shares of Medical Properties Trust by 44.0% in the 2nd quarter. Signaturefd LLC now owns 11,349 shares of the real estate investment trust’s stock valued at $159,000 after acquiring an additional 3,468 shares during the last quarter. Institutional investors own 77.17% of the company’s stock.
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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