M&T Bank Corp raised its holdings in shares of Medical Properties Trust, Inc. (NYSE:MPW) by 15.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 46,585 shares of the real estate investment trust’s stock after purchasing an additional 6,230 shares during the period. M&T Bank Corp’s holdings in Medical Properties Trust were worth $811,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Cullen Frost Bankers Inc. grew its stake in shares of Medical Properties Trust by 70.9% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,832 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 760 shares during the last quarter. Manchester Financial Inc. purchased a new stake in shares of Medical Properties Trust in the second quarter worth $33,000. Cascade Investment Advisors Inc. purchased a new stake in shares of Medical Properties Trust in the second quarter worth $35,000. Princeton Global Asset Management LLC bought a new position in shares of Medical Properties Trust during the first quarter valued at $37,000. Finally, Icon Wealth Partners LLC bought a new position in shares of Medical Properties Trust during the first quarter valued at $42,000. 71.37% of the stock is owned by institutional investors and hedge funds.
MPW has been the topic of a number of analyst reports. Stifel Nicolaus set a $21.00 price target on shares of Medical Properties Trust and gave the stock a “buy” rating in a research note on Monday, August 12th. Zacks Investment Research lowered shares of Medical Properties Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, July 17th. Deutsche Bank raised shares of Medical Properties Trust from a “hold” rating to a “buy” rating in a report on Monday, July 29th. Barclays began coverage on shares of Medical Properties Trust in a report on Tuesday, September 3rd. They issued an “overweight” rating and a $20.00 target price for the company. Finally, JPMorgan Chase & Co. set a $21.00 target price on shares of Medical Properties Trust and gave the stock a “buy” rating in a research note on Wednesday, September 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. Medical Properties Trust currently has a consensus rating of “Buy” and a consensus target price of $19.35.
Shares of NYSE:MPW traded down $0.22 during midday trading on Wednesday, reaching $18.66. 1,391,937 shares of the company’s stock traded hands, compared to its average volume of 2,753,942. The company has a market cap of $8.30 billion, a price-to-earnings ratio of 13.62, a P/E/G ratio of 3.68 and a beta of 0.56. The company has a debt-to-equity ratio of 0.99, a quick ratio of 8.00 and a current ratio of 8.00. Medical Properties Trust, Inc. has a one year low of $13.98 and a one year high of $19.26. The stock has a 50 day moving average of $18.22 and a 200 day moving average of $18.15.
Medical Properties Trust (NYSE:MPW) last released its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.31 EPS for the quarter, meeting the consensus estimate of $0.31. Medical Properties Trust had a return on equity of 6.84% and a net margin of 129.20%. The company had revenue of $192.55 million for the quarter, compared to analysts’ expectations of $186.11 million. During the same period last year, the firm posted $0.36 earnings per share. Medical Properties Trust’s revenue was down 4.6% compared to the same quarter last year. Sell-side analysts predict that Medical Properties Trust, Inc. will post 1.3 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Thursday, September 12th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, September 11th. This represents a $1.04 annualized dividend and a yield of 5.57%. This is a boost from Medical Properties Trust’s previous quarterly dividend of $0.25. Medical Properties Trust’s dividend payout ratio is currently 72.99%.
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.
Featured Article: Calculating net profit and net profit margin ratio
Want to see what other hedge funds are holding MPW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Medical Properties Trust, Inc. (NYSE:MPW).
Receive News & Ratings for Medical Properties Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Medical Properties Trust and related companies with MarketBeat.com's FREE daily email newsletter.